New Delhi, Sept. 11 -- The Government of India has taken a significant step to boost the automobile industry through rationalisation of GST rates across various vehicle categories and components.

An analysis by the Press Information Bureau (PIB) added that the move aligns with broader policy objectives under flagship initiatives like Make in India, Production Linked Incentive (PLI) schemes, and the National Logistics Policy, all aimed at strengthening domestic manufacturing, modernising infrastructure, and encouraging innovation.

The new GST rate cuts cover a wide range of vehicles including two-wheelers (up to 350cc), buses, small to luxury cars, tractors (under 1800cc), and auto parts. By lowering taxes, the government aims to make ve...