GST rate cuts spark record sales for auto, consumer electronic and FMCG companies

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Automobile, electronics, and FMCG firms anticipate record sales to retailers on Monday due to GST rate cuts. Bookings surged after a month-long slump. Hyundai expects to bill over 10,000 vehicles. Haier forecasts sales exceeding Rs 250 crore. Parle Products anticipates a 25-30% rise in primary sales. Companies will pass on GST benefits to consumers.