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Data▲ Bullish for Indian equities
India's car sales crank up as GST gains & income twist top price hikes
The brief
- Car prices rose about 3% in the past year, while disposable incomes grew faster
- GST 2.0 cuts helped keep cars affordable
- Improving affordability supports Indian automakers, including Tata Motors PV
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- Tata Motors PV weighs gradual price hikes as commodity costs threaten margins