Reaction quote from Grant Thornton: Auto sector – SIAM data

Reaction quote from  Sridhar V, Partner, Grant Thornton India LLP – on SIAM data:


“Auto sector applied brakes to reduce inventory at the dealership end for a smooth transition to GST era. Pre GST discount sales were very much evident to enable the disposal of vehicles before June end. With the prices coming down for most category of vehicles, sales in the post GST period is expected to strengthen.”