Manohar Francisco (TRANSLATOR)
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I feel it is more hype than reality. Rural people are already struggling with fuel cost, maintenance cost, and low disposable income. Just because the GST rate is reduced doesn’t mean suddenly thousands of rural buyers will line up to buy. The main challenge is not only the purchase price but also the running cost. Petrol and diesel are very expensive. Unless government also controls fuel prices, the GST reduction alone cannot be a magic bullet.
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?"