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GST hike on tractors will be a huge blow to auto industry, says Pawan Goenka of M&M

Updated : December 12, 2019 12:36 PM IST

Even though the industry as a whole was down, M&M has managed to perform, and in most cases, slightly better than others.
If GST rate on tractors go up from 12 percent to 18 percent that will be really a cause of concern, said Pawan Goenka, managing director of M&M.
The only segment where the M&M has witnessed a drop in market share is utility vehicles, Goenka said.
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