The reduction in GST slabs on the automotive industry are poised to give a fillip to the sector, says Jyoti Malhora, MD of Volvo Car India. While speaking to Autocar Professional on the sidelines of the 65th SIAM Annual Convention, Malhotra said, "GST cut will create a short- and long-term demand stimulus."
He also remained confident of the EV potential in the luxury car segment and said that after rolling out the EX30 in CY25, Volvo will introduce two new EV models next year.
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