GST 2.0: Prime Minister Narendra Modi, while addressing the people of the country from the ramparts of the Red Fort on the occasion of Independence Day on August 15, announced the improvement in GST. He said that by Diwali this year, GST (Goods and Services Tax) of Next Generation will be implemented. With this, many things used in everyday life will become cheaper.

Public will get ‘double gift’ of Diwali

PM Modi said, “This Diwali I am going to give you a double gift. Eight years of indirect tax system have been completed. Now the time has come to review it again. A high-scale committee has been formed after talking to the states. This will reduce tax on many things used in everyday, which will benefit consumers, MSMEs and small businessmen.

GST may decrease on vehicles

According to the news, under the new tax system, GST on two -wheelers and small cars can be reduced from 28 percent to 18 percent. This will greatly help the automobile industry, whose sales have seen a decline in recent times. The beginning of the year 2025 may not be beneficial for the auto industry, but it may be beneficial for them to cut GST. According to reports, this year the sale of all the other tractors except the tractor has reduced. There has been a decline of 4 percent in the sales of two -wheelers. The sales of cars have also declined by 1 percent, while commercial vehicles remained stable.

Demand may increase due to reduction in GST

If the government cuts GST according to the plan, then two -wheelers and small cars can become more economical. In such a situation, during the festive season, people will be encouraged to buy a car due to low price. In such a situation, demand may increase in the entire auto sector including two -wheelers, small cars and commercial vehicles.

How many prices will fall?

If GST is reduced from 28 percent to 18 percent, it can cause about 7 % decline in the prices of vehicles. This means that customers can save well when buying this Diwali bike or car. Since more and more people make shopping planning during the festive season. In such a situation, the auto industry will benefit from the fall in prices.

Also read:

Bike taxi Rapido got a false claim of 50 rupees, now a fine of 10 lakhs will be paid, know the whole matter

Automobile Industry on Trump Tarrif: The Trump administration has imposed 25 percent tariff on foreign cars to be imported in the US. This decision has affected car companies around the world. This tariff can increase the prices of cars and the companies may also suffer losses. This is the reason why there is an atmosphere of anxiety in the automobile industry.

Audi has taken immediate steps in response to the Trump administration’s policy, the models coming in the US have been temporarily stopped at ports, especially models that are assembled in Mexico and other non-tariff countries.

Automkers response

After April 2, 2025, Audi has stopped the vehicles assembled by Mexico and other countries coming to the US at ports. Before this, the vehicles that came to America will reach the dealership. Audi gave a special code and note on without tariff “no additional import duty.” Have also installed.

BMW

BMW has said that it will pay the tariff cost of vehicles made in Mexico itself till May 1, 2025. After this, the prices will probably increase. Models like 3 series, 2 series and M2 are affected by this decision. All these are built in San Luis Potosi, Mexico plant.

Foxwagen

Foxwagen is now adding tariffs to the ‘destination duty’ of vehicles. Apart from this, transport of trains coming from rail from Mexico is also being stopped. However, the goods coming from the sea ships will continue.

Mercedes-Benz

Some reports say that Mercedes may stop the import of GLA and CLA models. Although the company has denied this, there are reports that a new model can be assembled in the plant in Alabama, USA.

Hyundai and Genesis

Hyundai has said that it will not increase the prices of its vehicles for the next two months. The company has launched a scheme called “Customer Assurance” which will run till June 2, 2025. At the same time, the Genesis brand has also started a similar initiative in the name of “Genesis Cares”.

Jeep

Jeep is now giving vehicles on “Employees Value” to all customers. This offer will be till April 30, 2025. Also, the company has stopped production of compass and wagoner S models for April. Please tell that both vehicles are made in Mexico.

Ferrari

Ferrari has increased the prices of some of his models by 10% after Trump’s new tariff. These include Purosangu SUV, F80 Hypercar and Grand Tourists. However, the prices of models like 296 GTB and SF90 have not increased yet.

https://www.youtube.com/watch?v=ldclfhmzxo

Also read:-

Cars Under 10 Lakh: From Tata Panch to Kia Sonet, these cars come with sunroof and premium features