GST cut and stable rates bolster auto demand, says M&M
after close1 source ↓written by the desknot a recommendation
Mahindra & Mahindra is focusing on both ICE and EV segments, citing strong demand supported by reduced GST and stable interest rates. Executive Director Rajesh Jejurikar noted that the market is facing supply constraints rather than a lack of buyers, indicating robust consumer interest in vehicles.
• Demand remains stronger than expected
• GST reduction has improved vehicle affordability
• Stable borrowing costs support market resilience
Immediate implications suggest sustained demand in the automotive sector despite ongoing supply challenges.
Not investment advice. For informational purposes only.