The GST rates for almost all commodities have been finalised and it’s expected to be implemented July onwards as it was initially planned. Government has decided to not apply cess on cars as it was initially planned. Although tax structure and slabs is clear, it’s not certain how exactly it would affect the car prices.
Alto retains the top spot among top five cars, which sold 23618 units, up from 22549 in April, an increase of 4.7%. Maruti Swift though in the second spot saw a drop of 30.5% and was down from 23802 to 16532. WagonR was down 5.4% while Baleno witnessed a drop of 16.5%. Other than Alto, the Grand i10 also saw a rise in sales from 12668 to 12984 units, and was up 2.5%.
As always, Maruti retains the top spot with sales of 130248 units. In the month of April, unit sales were 144081, Maruti witnessed a drop of 9.6%. While Hyundai saw a drop of 6.1% and sales were down from 44758 to 42007 units. Home-grown Mahindra saw a sales jump of 5.2% while Honda and Toyota saw a drop of 22.1% and 15.8% respectively.
Sales are expected to pick up after GST gets implemented. Most manufacturers have already started offering huge discounts on existing cars to clear stocks, so it’s expected that next month the sales would be better in comparison.