In light of the recent GST reforms, Mobility Magazine brings together insights from leading voices across the consumer electronics, telecom, appliances, EV, and drone sectors. Industry leaders share how these reforms are reshaping affordability, simplifying compliance, and creating new growth opportunities—while driving India closer to its vision of Viksit Bharat@2047.
Shri Praveen Khandelwal, MP & National Secretary General, CAIT, New Delhi
“The economy will strengthen as the capital liquidity with traders will now increase, which in turn will drive higher consumption. When consumption rises, production also grows. Economics has a principle—lesser the tax, higher the revenue. With reduced taxes, revenue generation will increase, benefiting both the central and state governments. This is indeed a highly reformative step, and we extend our gratitude to Prime Minister Shri Narendra Modi and Finance Minister Smt. Nirmala Sitharaman for this progressive move.”
(Source: IANS)
Mr. Ravi Kunwar, VP and CEO, HMD India, APAC and ANZ
“The latest GST reforms mark a constructive development for diverse industries across India, with the Council’s move to consolidate rates and streamline registration and refund processes driving substantial change in business operations nationwide. By simplifying the tax structure into clear 5% and 18% slabs, these reforms are set to promote consumer savings and create more disposable income, delivering timely relief and positive sentiment ahead of the festive season.
These measures reflect India’s continued pursuit of regulatory ease, and their true value will be seen in how effectively benefits extend to both consumers and industry progress—particularly in manufacturing and technology. For HMD and the broader telecom sector, we expect improved operational efficiency, greater cost predictability, and sustainable growth, reinforcing our commitment to supporting India’s digital transformation and the vision of Viksit Bharat@2047. Going forward, clarity in implementation will be key to enabling all stakeholders to fully leverage these reforms.”
Mr. Ravi Agarwal, Co-Founder and Managing Director, Cellecor
“We welcome the recent GST reforms as a decisive step towards creating a more level playing field and fostering growth within the consumer electronics and appliances industry. The rationalization of GST rates to a uniform 18% on products such as TVs, monitors, air conditioners, and dishwashers is a particularly positive move. It not only enhances affordability for Indian households but also simplifies compliance and operational efficiency for manufacturers and brands like Cellecor.
Equally significant is the alignment of GST on lithium-ion batteries at 18%. This will have a direct impact on the ecosystem of wireless, portable, and smart devices by reducing input costs across the value chain. For a fast-growing Indian brand like Cellecor, this encourages us to accelerate innovation in smart gadgets and energy-efficient products while keeping them accessible to a wider base of consumers.
Overall, these reforms are a timely enabler for greater consumer confidence and demand creation. They strengthen the foundation for digital adoption across urban and rural markets alike, supporting our long-term vision of bringing quality, affordable technology to every Indian family.”
Mr. Rajeev Singh, Managing Director, BenQ India
“The recent GST reform is a decisive move toward simplifying and streamlining the tax structure for the electronics industry. By consolidating the tax slabs into a clear and predictable two-tier system, it reduces compliance complexities and fosters a more transparent business environment. This reform is set to benefit manufacturers, retailers, and consumers by lowering costs across the supply chain, encouraging competitive pricing, and stimulating demand for a wide range of electronic goods. Moreover, it supports the government’s vision to enhance local manufacturing and innovation, providing a strong foundation for sustainable growth in the sector. Notably, the reduction of GST rates on products such as monitors and projectors further eases costs for businesses and educational institutions, promoting wider adoption of digital technology solutions across India.”
Mr. Pankaj Rana, Chief Executive Officer, Hisense India
“The government’s recent GST reforms on televisions and air conditioners come at a critical juncture. By reducing price barriers, these reforms enable a larger and more diverse consumer base, especially in emerging markets and Tier-2 and Tier-3 cities, to access high-quality, energy-efficient products. At Hisense India, our focus has always been to deliver global innovation at prices that resonate with Indian households, and this move makes our advanced range of our TVs and home appliances even more accessible ahead of the festive season, when families are looking to upgrade their homes. Ultimately, this reform not only improves affordability but also elevates the quality of life for millions of Indian households.”
Mr. Manish Sharma, Chairman, Panasonic Life Solutions India
“The rationalisation of GST on air-conditioners and televisions from 28% to 18% is a welcome reform that will directly benefit consumers, especially as we step into the festive season. With this reduction, products that were earlier seen as aspirational are now more accessible, allowing a larger section of households to upgrade to energy-efficient and connected appliances. This move, coupled with the recent revision in the income tax slab exempting annual earners up to ₹12 lakhs, is expected to significantly boost disposable incomes and consumer sentiment. Together, these reforms create a strong momentum for the consumer durables sector, driving higher demand across urban and emerging markets. At Panasonic, we believe this will accelerate penetration of modern appliances, improve quality of life for consumers, and in turn, contribute to India’s broader economic growth momentum.”
Mr. Arjun Bajaj, Director of Videotex
“We welcome the government’s decision to reduce GST on TVs from 28% to 18%, a long-standing demand of the industry. This move will not only boost sales but also encourage consumers to upgrade to larger screen sizes. With tax cuts on other items as well, disposable incomes are set to rise, enhancing buying power and supporting overall economic growth. Announced during the festive season, the step is especially impactful as it makes advanced home entertainment more accessible. We foresee a clear shift in demand from 32-inch models to popular sizes like 40, 43, and 55 inches—expanding the market and improving consumer lifestyles.”
Mr. Gagan Sharma, Managing Director of XElectron
“The GST 2.0 is a welcome step for both consumers and brands like ours. It not only reduces the cost burden of purchasing lifestyle electronics such as TVs and projectors but also encourages customers to opt for higher-end, larger-screen models that are often considered luxury items. The timing makes this move even more impactful, as the revised rates will come into effect during the festive season, when people actively purchase and gift electronics, giving a boost to the consumer electronics market. At XElectron, we offer innovative products such as smart projectors, LED TVs, digital photo frames, and monitors, and this change ensures that consumers can now enjoy them at even more attractive prices, especially for festive gifting.”
Mr. Bodhisattwa Sanghapriya, Founder & CEO, IG Drones
“The GST reduction to 5% marks a turning point for India’s drone industry. It makes drones more affordable and accessible, while easing compliance for innovators, startups, and businesses. This will accelerate adoption across key sectors — defence, surveillance, agriculture, infrastructure, and logistics. For defence in particular, it strengthens Atmanirbhar Bharat by enabling local producers to design and deliver advanced drones tailored to India’s strategic needs. At IG Drones, we see this reform not just as a tax change but as a catalyst for innovation — one that can position India as a global drone hub by 2030, fuel indigenous manufacturing, drive exports, and build a skilled workforce for both civilian and defence demands.”
Mr. Akshit Bansal, Founder & CEO, Statiq
“The GST Council’s reforms provide significant momentum for the electric vehicle industry and the broader goal of sustainable mobility in India. By rationalizing rates for vehicles, auto parts, these measures create a more inclusive, investor-friendly environment and accelerate the transition to clean transportation. The focus on making EVs and their components more affordable will benefit manufacturers, innovators, and consumers alike.
Importantly, maintaining the 5% concessional GST rate on all electric vehicles clearly demonstrates the government’s commitment to clean mobility and ensures India remains on course for widespread electric vehicle adoption. However, it is now essential to align the GST structure for charging infrastructure with the same 5% slab as EVs themselves. This step would not only catalyze further investments in the charging network but also help build a seamless, robust support system for electric mobility across the country.
Statiq applauds the government’s vision for a simplified, citizen-centric GST that empowers the next phase of automotive transformation and looks forward to continued policy support in expediting the development of India’s EV charging ecosystem.”
Covered By: Mobility India / GST
If you have an interesting Article / Report/case study to share, please get in touch with us at editors@roymediative.com roy@roymediative.com, 9811346846/9625243429.
