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The Economic Times

Economy / The Economic Times

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GST cuts shield Indian carmakers from commodity price shock

Goods and services tax cuts offer carmakers a crucial buffer against rising commodity prices. Companies are employing various strategies to minimize product price increases and sustain demand. Internal cost reductions and selective price adjustments help absorb commodity shocks. Automakers are working to further reduce production costs for future resilience. Industry growth is expected to moderate from October onwards.

17 Aug 2026 1:04 am