2 days ago
Maruti Chairman Says GST Cuts Will Accelerate Small Car Growth
Maruti Suzuki’s chairman, Bhargava, spoke about the future of small cars.
He said the small-car market could grow much faster because GST rates were cut.
He had earlier felt hopeful about the auto industry after GST reforms.
Bhargava said those reforms helped the car industry.
He also said they helped several other parts of the economy.
According to him, national GDP growth was better than many agencies expected.
GDP is a way of measuring how much an economy grows.
His comments were positive about the effect of the reforms.
Maruti Suzuki Chairman Bhargava said the small-car market will grow significantly faster after GST rate cuts.
Bhargava recalled expressing optimism about the auto industry after GST reforms.
He said the reforms gave new impetus to the automobile industry and several other economic sectors.
Bhargava said national GDP growth figures were better than most agencies had forecast.
The remarks linked GST reforms with stronger prospects for the automobile industry and the wider economy.
- Who
- Bhargava, the chairman of Maruti Suzuki.
- What
- He said the small-car market will grow significantly faster following GST rate cuts and praised the broader effects of GST reforms.
- Where
- When
- Why
- Because Bhargava said GST reforms gave new impetus to the automobile industry and several other sectors of the economy.
Key facts
- Speaker
- Bhargava, chairman of Maruti Suzuki
- Market discussed
- Small-car market
- Expected effect
- Significantly faster growth
- Policy cited
- Cuts in GST rates
- Industry impact
- GST reforms gave new impetus to the automobile industry
- Broader economic impact
- Bhargava said the reforms also benefited several other sectors
- GDP outlook
- National GDP growth figures were better than most agencies had forecast
Quotes
Maruti Suzuki Chairman Bhargava
Chairman of Maruti Suzuki speaking about the effects of GST reforms
“This happened. I'm happy to inform you that these reforms have given a new impetus not only to the automobile industry but to several sectors of the economy. National GDP growth figures have been better than forecast by most agencies.”
timesnownews.com
Sources
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