GST cuts se auto aur electronics sector ne shuruat mein toh mast performance dikhaya, par ab badhte input costs aur global tensions se margin par khatra mandra raha hai.
Auto sector mein record jump
GST ke rates kam hone ka sabse zyada fayda auto sector ko hua hai. FY26 ke pehle half mein passenger vehicle sales ne record tod diya hai. April se June ke beech 1.27 million vehicles dispatch huye, jo pichle saal ke muqable 25.9% zyada hai. Easy finance aur tax mein kami ki wajah se log ab two-wheelers se four-wheelers par upgrade kar rahe hain.
Electronics aur FMCG ka scene
Smart TVs (32 inch se bade) par GST 28% se ghata kar 18% karne ke baad, premium models ki demand badh gayi thi. March 2026 quarter mein 55 inch aur usse bade TVs ka contribution total shipments mein one-third tak pahunch gaya tha. Lekin West Asia mein badhte geopolitical issues ki wajah se supply chain bigad gayi hai, jisse April-June 2026 mein TV shipments 9.8% tak gir gayi hain.
FMCG giants jaise Hindustan Unilever, Marico, Dabur aur Nestlé India ne bhi tax cuts ka fayda uthaya. Nestlé India ne toh last quarter of 2025 mein pichle 5 saal ka best volume growth dikhaya.
Investors ke liye alert
Ab asli challenge shuru ho raha hai. Semiconductors aur memory chips ke badhte daam aur energy-efficiency standards ke naye rules ki wajah se companies par cost ka pressure badh gaya hai. Agar ye companies apna burden customers par daalti hain, toh demand girne ka darr hai. Ab dekhna ye hai ki ye companies apne margins ko kaise protect karti hain.