Tyre maker CEAT Ltd expects GST rate reduction to have structural positive impact in the coming quarters by aiding demand for two-wheelers, small cars and tractors, particularly in rural markets, according to its MD & CEO Arnab Banerjee.

After posting a strong second quarter, in the third quarter, which is usually a subdued season for the tyre industry, topline may be equal to or slightly lower, Banerjee told PTI .

“GST 2.0 came in at the fag end of the (second) quarter, so that will play out in subsequent quarters. We are positive on that development, that should aid demand for two-wheeler farms and small cars and their types primarily in smaller towns and rural, and in urban to a lesser extent,” Banerjee said.

He was responding to a query on how GST 2.0 impacted demand and overall g

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