Sales of cars in India, as evidenced by the newsletters of manufacturers of dealers, in August fell sharply, fixing the decrease by 7.3 percent in annual calculus against the backdrop of uncertainty and speculation on the proposed reform of the tax and services tax (GST), which forced automobile companies to recalculate the dealers, as it became known to Steelorbis from the compilation of the compilation data published by various companies on Tuesday, September 2.
The total sales of cars in August was previously estimated at the industry of 330,000 units, which is 7.3 percent less compared to the same period last year. Suzuki India limited (Msil), Hyundai Motors India limited (Hmil), Tata Motors limited and Mahindra & Mahindra - reported on a decrease in sales, and only Toyota Kirloskar Motors limited reached a positive Sales growth in August showed industry data.
msil reported sales by 8.24% to 131,278 units, while Hmil recorded a decrease in sales by 11.15% to 44 001 units in annual calculation. Tata Motors limited decreased by 7.12 percent to 41 001 units, and Mahindra & Mahindra decreased by 8.96 percent to 39,399 units in annual calculation. Toyota, the exception, reached a low growth of sales of 2.49 percent up to 29,302 units in August.
with the proposed GST reform, the government seeks to simplify the tax structure. This step includes the elimination of 12 percent and 28 percent ingots, preservation
