Car sales in the country have increased since the reduction in GST rates. Initial estimates from the auto industry indicate that 470,000 cars were sold in the country in October. This is a 17% increase compared to October 2024. State Bank of India (SBI) also recently reduced car loan interest rates. It is offering car loans at an annual interest rate of 8.75%.
Car sales in the country have increased since the reduction in GST rates
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