GST 2.0: Consumer cos readying big festive splash to boost sales

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Indian consumer companies, including Reliance Retail and automakers like Hyundai, are increasing marketing and advertising budgets by 15-20% this festive season, spurred by GST cuts effective September 22. These companies aim to attract customers with lower prices and boost sales. Sony India anticipates significant growth in large-screen TV sales, while Parle Products plans increased advertising to gain market share.