JK Tyre & Industries share price leading among the gainers jumped nearly 6 per cent on September 2. Meanwhile, MRF and CEAT shares were trading 5 per cent up.
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The Indian stock market closed lower after early gains, with Nifty 50 and Sensex dropping 0.18% and 0.26%. Mid- and small-cap stocks performed well, while banking stocks were the worst hit.
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The Indian government has announced a reduction in the indirect tax burden on consumers—to be achieved by rationalizing goods and services tax (GST) rates.
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Maruti Suzuki, Tata Motors, Hyundai Motor, and Mahindra & Mahindra — auto makers have seen their sales dip this August compared to last year. Here, we examine whether the likely GST slab rejig could brighten prospects.
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Expert view: As global economic shifts loom, Indian stock markets may experience volatility. Expert insights reveal how US tariffs, domestic demand, and government reforms will shape the near-term landscape.
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Reduce GST on automotive tyres, don't treat it on par with luxury goods: ATMA
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GST collections for August 2025 is at ₹1.86 lakh crore, up 6.5 per cent YoY, according to official data.
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Market outlook: The imposition of a 50% tariff on Indian imports by the US from August 27 has crystallized the worst-case scenario. According to Emkay, the direct impact appears limited at ~0.5% of GDP in FY26, with negligible effect on the earnings of listed companies.
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New Delhi, Sep 1 (PTI) The long-term success of Goods and Services Tax (GST) lies in moving towards a single nationwide tax rate, and that GST 2.0 must act as the stepping stone by keeping to just two slabs – 5 per cent and 18 per cent – while capping the peak rate firmly at 18 per cent, not 40 per cent, a report said.
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Hero MotoCorp, Maruti Suzuki, and Eicher Motors stood out in August with substantial gains amid a weak market. Hero MotoCorp surged 20%, Maruti Suzuki 17.3%, and Eicher Motors 11.6%, buoyed by expectations of GST cuts and favorable economic conditions.
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