India, Sept. 10 -- CarTrade Tech announced that the government's recent reduction of GST on passenger vehicles, two-wheelers, and used vehicles is expected to significantly enhance affordability, uplift consumer sentiment, and accelerate transaction volumes across both new and used categories. Early signs of this policy shift are already visible across the industry.The company's consumer platforms, CarWale and BikeWale, have witnessed a surge of over 25% in consumer traffic, triggered by the GST reduction. The combination of this tax reform and the upcoming festive season is likely to further drive industry momentum.
Published by HT Digital Content Services with permission from Pivotal Sources....