Stocks to keep an eye on Maruti, Tata, Mahindra, and many more

The government has increased the tax on high-performance cars with large spaces like Invicto, Innova, Carens, and Ertiga because of which some of the big cars are going to be more expensive. So if you buy cars from the categories MUV, SUV, and XUV then it's very important for you to know that their prices will be higher from now on because the government has raised the cess rate from 20% to 22% in the Good and Service Tax (GST) Council meeting.

From now on prices are going to be higher of SUV/MUV/XUV: In the recent 50th council meeting of GST, it has been decided that from now on big cars will be more expensive because in cess has been increased on the big cars because of which people have to pay a GST of 28% and cess which was 20% now has been increased to 22%, which means if a person wants to buy any car which comes in the above-given category than they have to pay 28% GST with 22% cess too which make big cars very expensive for general people to afford it.

So overall it does mean that recently launched cars like Maruti Suzuki Invicto, Toyota Innova, Kia Carens, and Maruti Ertiga, among others, will become even more expensive than before because in these cars cess was 20%  before but now when it has been increased to 22% it will be more expensive because there is 28% GST on big cars too.

If you are a potential trader then you should keep in your mind that most of the time increased price of a product decreases its demand among the general people which affects its share market price but you should be aware of all the prices given by each of the company well overall it can be a chance for you earn some profit with this piece of information.

But you should be well aware that earning profit is usually completely based on the assumption you made about the consumption of a product, if you are right about it then it's beneficial but by any chance, if you get wrong then you should be ready for that too.

Conclusion:

The information provided in this blog is for educational purposes only and should not be considered financial or investment advice. Trading in stocks and securities involves risks, and individuals should carefully evaluate their financial situation and consult with professionals before making any trading decisions, you can take the help of Finskool advisory service which will increase your chances of earning profit.