GST rate cut on tyres to bring down vehicle operating and logistics costs: ATMA

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The Automotive Tyre Manufacturers' Association (ATMA) welcomes the GST Council's decision to lower tyre GST rates to 18%. ATMA believes this reduction will make tyres more affordable, benefiting various users and promoting road safety through timely tyre replacement. Lower operating costs and reduced logistics expenses are also expected to positively impact the economy.