#Budget2022WithMC | Automobile dealers’ body FADA has urged the govt to reduce #GSTrates on 2-wheelers to 18% in order to generate demand in the segment.
Read at
https://www.moneycontrol.com/news/business/budget-2022-fada-seeks-gst-rate-cut-on-two-wheelers-to-18-to-spur-demand-7947101.html
#Budget2022 #FADA #GST
Read at
https://www.moneycontrol.com/news/business/budget-2022-fada-seeks-gst-rate-cut-on-two-wheelers-to-18-to-spur-demand-7947101.html
#Budget2022 #FADA #GST
Moneycontrol
Budget 2022: FADA Seeks GST Rate Cut On Two-wheelers To 18% To Spur Demand
The Federation of Automobile Dealers Association (FADA), which represents over 15,000 automobile dealers having 26,500 dealerships, noted that two-wheelers are not a luxury item and hence GST rates need to come down.
#AutoWithMC | Slowdown in Passenger Vehicle #sales has pushed inventory at #auto dealerships across country to an all-time high of over 700,000 units worth Rs 73,000 crore, claims #FADA.
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https://www.moneycontrol.com/news/business/passenger-vehicle-dealers-saddled-with-inventory-worth-rs-73000-crore-countrywide-claims-fada-12802114.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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https://www.moneycontrol.com/news/business/passenger-vehicle-dealers-saddled-with-inventory-worth-rs-73000-crore-countrywide-claims-fada-12802114.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Passenger vehicle dealers saddled with inventory worth Rs 73,000 crore countrywide, claims FADA
The auto retail body has said that the vehicle stockpile has climbed to 70-75 days now as against the ideal inventory of 30-35 days.