“GST In The Fast Lane: Assessing Transformations In The Indian Automobile Sector, With A Focus On Electric Vehicles And Smes In Auto Components”

Abstract

This academic research explores the diverse effects of the Goods and Services Tax (GST) on the Indian automotive sector in a structured approach. Focusing on three primary objectives, the research conducts in-depth analysis, investigation, and review to provide an overview of how GST affects existing companies as well as start-ups. The first objective of the study entails a careful examination of the general impacts of GST on the Indian auto industry. By analyzing taxation schemes, compliance regimes, and financial KPIs, the research offers a comprehensive comprehension of how the adoption of GST has transformed the financial and operational environments of major industry participants. The second objective focuses on how the GST specifically affects new business ventures in the Electric Vehicle (EV) industry, exploring market dynamics, cost structures, and entry barriers. It seeks to provide a research-based evaluation of the ways in which GST has either encouraged or inhibited the establishment of new enterprises, with a focus on the sustainable mobility industry. The study's third goal investigates obstacles faced by small and medium-sized businesses (SMEs) when implementing the GST, focusing specifically on the auto component sector that supplies electric vehicle makers. The paper provides scholarly insights into the complex problems and opportunities faced by SMEs in the GST regime by an in-depth investigation of market access obstacles, taxing complexities, and compliance challenges. By addressing all of these objectives, the research contributes to our comprehension of how GST impacts the automotive sector. clarifies how it affects businesses—particularly in light of the revolutionary Electric Vehicle market—and provides insightful information to academics, industry stakeholders, and policymakers.