GST rate cut could drive 5–10% demand upside in autos: Nomura
Nomura estimates that the GST reduction could have a multiplier effect of 1–1.5x, translating into a 5–10% increase in demand across segments. Popular models are likely to witness significant price cuts- WagonR by around 9%, Bolero by 10%, XUV700 by 7%, and Brezza and Creta by 3%.
Nomura estimates that the GST reduction could have a multiplier effect of 1–1.5x, translating into a 5–10% increase in demand across segments. Popular models are likely to witness significant price cuts- WagonR by around 9%, Bolero by 10%, XUV700 by 7%, and Brezza and Creta by 3%.
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