GST 2.0 fillip: PVs set to close H2 FY26 with nearly 15% growth - A2Z Taxcorp LLP

The Indian passenger vehicle (PV) industry is poised to register strong double-digit growth in the second half (H2) of FY26, fuelled by the GST 2.0 reforms, introduced in September last year, which resulted in a downward revision of the tax slabs for automobiles across segments. According to SIAM data, PV sales grew from 1.8 million units to 2.1 million units (see table below), registering a healt…