Nagarjuna Maykar (INVESTIGATOR FRAUD)
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I don’t think so. The GST cut is not that massive to suddenly double sales. Maybe a 10-15% rise in sales will happen. But India’s population is huge, so cars will keep increasing anyway. GST cut is just one factor.
Answered for the Question: "In your opinion, will the Maruti Suzuki car GST rate cut lead to overcrowding of roads with more vehicles?"
Yes, I think it will help rural sales. The rural market has been growing for Maruti for many years. But still, affordability was an issue. Now with prices dropping, a farmer or small businessman in a rural town may find it easier to buy a car. Another reason is financing. Rural customers usually depend on banks or co-operatives for loans. When the car price drops, EMI also goes down. That makes the purchase easier. Also, rural customers like cars such as WagonR, Alto, and Ertiga. These models are directly in the benefit zone of GST cut.
Answered for the Question: "Do you think the revised Maruti Suzuki car GST rate will actually boost rural car sales or is it just hype?"