September 12, 2025 1:39 PM
Affordable Vehicles, Stronger Industry: India’s New GST Reforms in Automobiles
India has just implemented a comprehensive set of Goods and Services Tax (GST) reforms targeted specifically at the automobile sector, a move that aims to make vehicles more affordable, support Micro, Small & Medium Enterprises (MSMEs), boost demand, and enhance domestic manufacturing. Announced via a PIB factsheet on 11 September 2025, the reforms reduce GST rates across many vehicle categories and auto components. The government’s goal is not just to lower prices, but to foster a healthi...