Comment on the GST development by Mr. Aalesh Avlani, Co-founder, Credit Wise Capital
Below the Comment on the GST development by Mr. Aalesh Avlani, Co-founder, Credit Wise Capital
“The reduction of GST on two wheelers up to 350cc from 28% to 18% is a welcome move that will make two-wheelers more affordable and accessible for millions of customers. This decision is likely to boost demand in the entry-level and mid-segment categories, which form a large part of India’s two-wheeler market. Two wheelers is a lifeline for most of Bharat, and any move that facilitates this, will be a major boost to the economy. It will also provide much-needed momentum to the automobile sector and allied industries.
From a financing perspective, lower vehicle costs not only reduce the overall loan burden for customers but also improve their repayment capacity, thereby encouraging more people to opt for formal credit. I believe this reform will further accelerate the shift towards digital-first, hassle-free financing solutions, empowering more consumers to fulfil their aspiration of owning a two-wheeler.”
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