Bengaluru: The recent reduction in GST (Goods and Services Tax) rates by the Central Government is expected to provide a significant boost to two-wheeler sales, according to a report by the rating agency Crisil Ratings. The report suggests that two-wheeler sales could see an increase of 5-6% during this financial year.The GST Council, during its 56th meeting, decided to simplify the tax slabs by removing the 12% and 28% categories, retaining only the 5% and 18% slabs.read also: Male Mahadeshwara Temple Stands Resilient: Welcoming Devotees During Lunar Eclipse..!

This change will come into effect from September 22, 2025, and is likely to lead to a price reduction in commonly used vehicles like two-wheelers. Experts opine that this will make it easier for middle-class consumers to purchase bikes and scooters.According to the Crisil Ratings report, the GST cut presents a golden opportunity for the automobile sector to showcase its potential by increasing the demand for two-wheelers. Considering the popularity of two-wheelers in private and public transportation, this tax relief could have a positive impact on sales.read also: How to Obtain a Golden Pass for Mysuru Dasara Festival: Here’s the Information

However, the extent of this growth will depend on market economic conditions and consumers' purchasing power, as noted in the report.Vehicle manufacturing companies are likely to benefit from this change, with expectations of a strong response from customers during the festive season. However, Crisil has also cautioned that fuel prices and other economic factors could influence this growth. Both consumers and the industry are closely monitoring the impact of this change, with the possibility of significant shifts in sales emerging in the future.Honeywell Moxie V1200 Bluetooth TWS Earbuds with 26H of Playtime, Type C Fast Charging, IPx4 Water Resistant, Bluetooth V5.3, 13mm*2 Drivers, Voice Assistant, 2 Years Manufacturer Warranty - Black