Keep eyes on TATA MOTORS for major support after GST reform

🚗 Key Highlights - GST Restructured into 3 slabs: - 5% (essentials) - 18% (standard goods) - 40% (sin/luxury items) 🚘 Tata Motors: Segment-Wise Impact ✅ Small Cars (Tiago, Punch, Altroz) - GST reduced from 28%+cess to 18% - Boosts affordability and festive demand ⚠️ SUVs (Harrier, Safari, Hexa) - Now under 40% slab - Margins remain under pressure ❌ Electric Vehicles (Nexon EV, Tigor EV) - GST hiked from 5% to 18% - May slow down EV adoption ✅ Commercial Vehicles (Trucks, Buses) - GST reduced from 28% to 18% - Encourages fleet expansion and logistics growth 📊 Strategic Takeaways - Repricing EVs may be necessary - Marketing push expected for small ICE cars - Commercial segment likely to gain traction 🎯 Major Support at Rs. 670/- 🎯 Major Resistance at Rs. 700/- and 750/-