MARUTI SUZUKI

jumped 5-8% on Monday morning on expectations that the GST rate may be reduced from 28% to 18%. Currently, two-wheelers are taxed at 28%. Analysts see a high probability of the rate being cut to 18%. “All the listed 2W OEMs – Bajaj, Hero, TVS, and Eicher – should benefit from this cut. We see a low probability of differential GST between entry-level and premium 2Ws,” Jefferies said.