ANALYSIS OF THE PRODUCTION, SALES, AND EXPORTS TRENDS IN THE INDIAN AUTOMOBILE SECTOR: A COMPARATIVE STUDY OF PRE- AND POST-GST IMPLEMENTATION

The Indian automotive industry considered a vital force propelling the nation's economic growth, has experienced significant changes following the introduction of the Goods and Services Tax (GST) in 2017. This pivotal shift can be likened to a driver adapting to a new gear, where the industry has traversed diverse terrains in the post-GST era, encountering both seamless advancements and occasional challenges. Much like a skilled driver navigating a winding road, the industry has adeptly maneuvered through various phases since the implementation of GST. Some periods have been akin to smooth stretches, where streamlined processes and uniform taxation under GST contributed to operational efficiency. On the other hand, there have been bumpy patches, marked by adjustments to the new tax structure, market fluctuations, and regulatory complexities. This article aims to delve into the profound impact of GST on the Indian automotive sector. It meticulously analyses the Trends of production and sales before and after the implementation of GST. Through this comprehensive study, we aim to provide insights into the dynamic landscape of the Indian automotive sector in the post-GST era.

               

KEYWORDS: GST, Pre GST Era, Post GST Era, Trends, Impact of GST, Market Fluctuation.


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