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GST rate cuts spark record sales for auto, consumer electronic and FMCG companies
The Economic Times· 2025-09-22 00:00
The strong booking orders come after a month-long slump. Sales to distributors, wholesalers and retailers had fallen up to 75–80% as trade partners held back purchases to take advantage of lower tax rates in GST 2.0 across categories — from small cars and television sets to coffee and subRs 2,500 apparel. Companies expect strong trade orders through the week amid Navratri and pent-up demand, as consumers had postponed big-ticket purchases in anticipation of new rates. Hyundai is expected to bill over 10,00 ...