GST Cuts Ignite Car Upgrade Wave, Boost EV Optimism In India - BW Businessworld

A new study by SmyttenPulse AI shows that the government’s Goods and Services Tax (GST) cuts on automobiles have triggered an “upgrade wave” across the country, with middle-class consumers shifting to higher-end models, SUVs, and electric vehicles (EVs). The survey across tier 1, 2 and 3 cities found that the GST relief has not only revived auto sales but also reshaped buyer psychology. The study…