Horse Powertrain Eyes India Entry To Tap Booming Small Car Demand After GST Cut - A2Z Taxcorp LLP

Engine manufacturer Horse Powertrain is preparing to set up shop in India, betting on a surge in compact car demand triggered by recent tax reforms in the country, according to its chief executive, the Business Standard reported. The Narendra Modi-led government cut the federal goods and services tax on small cars from 28 per cent to 18 per cent in September. The lower slab applies to petrol vehic…