Pmo India On Twitter Gst Collection To Car Sales May Data Paints Gst collection to car sales: may data paints healthy picture of economy business standard economy news gst collection to car sales may data paints healthy. A day after the economic growth data beat analysts’ expectations for the march quarter as well as fy23, a set of high frequency indicators released on thursday, including goods and services tax (gst), manufacturing purchasing managers’ index (pmi), passenger auto sales, and unified payments interface (upi) transactions, painted a robust picture of the economy in fy24.
Gst Collection To Car Sales May Data Paints Healthy Pictur Suv sales in india cross 200,000 units for fifth consecutive month in may. as per siam wholesales data and also company numbers, the uv segment, which comprises suvs and mpvs, dispatched a total of 216,572 units in may 2024, up 17% year on year (may 2023: 185,100 units). The indian car market witnessed a modest growth of 4.03% year on year in may 2024, with total car sales reaching 3,49,054 units compared to 3,35,531 units in may 2023. Passenger vehicles (pv) achieved a 16% yoy growth. oem wise 2w market share data for the month of april 2024 with yoy comparison. on a yoy basis, 2w up by 33%. electric pv auto retail for the month of april'24. electric 2w auto retail for the month of april'24. electric 3w auto retail for the month of april'24. Highlighting continued hectic activity in the indian economy, gross goods and services tax (gst) collection grew 12.54 per cent year on year to rs 1.68 trillion in february. positive consumer sentiment was also palpable through the monthly sales figures for cars and two wheelers as both segments witnessed an annual uptick.
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