The Federation of Car Sellers Associations (FADA) on Thursday urged the federal government to cut back the GST on entry-level two-wheelers to 18%, saying the phase has not recovered from the influence of the pandemic. The GST charge set for this phase is 28%.
On the Auto Retail Conclave right here, FADA president Manish Raj Singhania mentioned whereas retail gross sales of cars have grown by round 7% within the present fiscal, the entry-level two-wheelers are but to submit robust growth in quantity. “Though the two-wheelers phase skilled year-on-year progress, we’re nonetheless 20% behind the pre-Covid ranges,” Singhania mentioned, including, “That is why FADA strongly urges the minister to assist us get a discount in GST charge from 28% to 18% for entry-level two-wheelers which are the 100cc and 125cc segments.”
