This surpasses SIAM’s previous projected growth at 1-2% per year.

High demand for sporty scooters is attributed to India’s working-age population and appetite for affordable yet premium commuter vehicles.

Entry-level hatchbacks, premium hatchbacks, compact sedans and sub-compact sport utility vehicles below 1,200cc petrol or 1,500cc diesel engines will see the maximum 8.5 per cent price reduction.

The Indian automotive aftermarket, pegged at ₹99,000 crore, has been growing at a CAGR of 7.4% over the last five years.

The reduction in GST rates from 28 to 18 per cent comes as great news for  Indian bikers and manufacturers. Let’s see how it impacts the costing.

We take a look at the GST impact on the cost of popular 350 cc and above bikes.

The new NTorq 150 marks TVS’ entry into the sporty 150cc+ scooter segment.

Hyundai's lineup in India at present consists of several popular models including the best-selling Creta.

The tax relief significantly benefits fuel cell motor vehicles, including hydrogen-powered trucks and buses. (Marek Mucha/Unsplash)

However, there is a catch as the Government is yet to clarify GST rates for certain automobile categories.