India, Sept. 17 -- Electronics and automobiles, which were earlier taxed at a steep 28 per cent under the Goods and Services Tax (GST) regime, now attract 18 per cent under the 2.0 structure. The products include TVs, dishwashers, ACs, motorcycles below 350cc, and smaller passenger cars. Electric vehicles, however, retain the concessional five per cent GST. According to Emkay Global Financial Services, the new GST will be a game-changing reform, and not incremental adjustments.

"We estimate 2-6 per cent/4-8 per cent in FY26E/FY27E EPS (Earnings Per Share) upgrades for our auto universe. Smaller cars and two-wheelers are the standout winners, with an eight per cent effective price cut expected to kick off significant demand. Our channel c...