Published on 10/10/2025 10:01 AM
Vinod Aggarwal, MD & CEO of VECV, said the GST cut is a positive step and a long-standing demand.
Consumer sentiment has improved following the GST reduction.
Bus sales are down mainly due to a high base last year, when sales hit 96,000 units.
Not concerned about the drop in bus sales in September.
Expect bus sales growth in FY26 to remain around 4.5%.
Impact of GST cut is not yet visible in Vahan data.
More than 4% growth is expected in the commercial vehicle segment in H2FY26.
Commissioning time for Volvo’s 12-speed AMT is 2 years.