The Economic Times

GST rate cut-induced demand to stay unless inflation erodes purchasing power: Bajaj Auto ED

Demand for two-wheelers is seeing a boost from GST rate cuts. Bajaj Auto's Rakesh Sharma believes this trend will continue if inflation remains low. He highlighted that a customer's monthly income of Rs 40,000 makes even small price changes significant. However, rising fuel and rental costs could diminish these gains. Rupee devaluation is also a concern for sustained demand.