CRISIL ANALYSIS: India's PV Market in a Post-GST Era - Autocar Professional

India's revised goods and services tax structure lowers rates on automobiles, with small cars dropping to 18% from 29%, with industry volumes expected to reach 4.4-4.6 million units in FY26. India’s passenger-vehicle (PV) market is steering through a crucial structural shift. With the rollout of GST 2.0, the automobile industry witnessed one of its most significant tax resets since 2017. The new r…