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GST 2.0: 2W sales to grow 5-6%, passenger vehicles by 2-3% in FY26

Two-wheeler sales volume is expected to grow 5-6 per cent this fiscal, while that of passenger vehicles to see a 2-3 per cent rise, following the GST rates rationalisation on automobiles, according to Crisil Ratings. The GST Council's decision to move to a two-rate structure of 5 per cent and 18 per cent, effective September 22, 2025, is a timely move that will revive demand for automobiles, Crisil Ratings said in a statement.

Uploaded by: Rediff Video Desk on Fri, 05 Sep 2025 16:11:16 +0530

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Tags: GST 2.0: 2W sales to grow 5-6%, passenger vehicles by 2-3% in FY26

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