New Delhi, Sept. 8 -- The new GST rates and slabs will have a wide-scale positive impact on the many items related to heavy industries, be it auto, transport, or auto ancillaries.

For instance, the rate cuts for the automobile sector are across different categories. It includes bikes (up to 350cc, which also accommodates bikes of 350cc), Buses, Small cars, Medium and luxury cars, Tractors (<1800cc), among others.

The rates are also being reduced on auto parts.

"Lower GST will push demand, helping automobile manufacturers and the large ancillary industry (tyres, batteries, components, glass, steel, plastics, electronics, etc)," the Ministry of Heavy Industries said in a note on Monday.

Rising sales of vehicles will increase orders for ...