Mahindra Group Chairman Anand Mahindra has urged Centre to move beyond the latest round of GST rationalisation and push for “more and faster reforms” to accelerate consumption and investment in the Indian economy.
Reacting to the Centre’s announcement of the “Next-Gen GST Reform,” Mahindra said the rate cuts were a significant step forward but emphasised the need for continued momentum. In a post on X, he invoked Swami Vivekananda’s famous call to “arise, awake, and stop not till the goal is reached.”
“We have now joined the battle… More and faster reforms are the surest way to unleash consumption and investment. Those, in turn, will expand the economy and amplify India’s voice in the world. But let’s remember the famous exhortation of Swami Vivekananda: ‘Arise, awake, and stop not till the goal is reached.’ So, more reforms, please…” he wrote.
Centre rolls out sweeping GST changes
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods.
Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
The 56th GST Council meeting agreed to consolidate the existing structure into two slabs — 5 per cent and 18 per cent — merging the earlier 12 per cent and 28 per cent brackets.
Industry leaders hail the move
Rajesh Jejurikar, Executive Director and CEO of Auto and Farm Sector at Mahindra & Mahindra, said the rationalisation would benefit both affordability and growth.
“We applaud the Government for this landmark GST rationalisation, which will have a far-reaching positive impact across the automotive and farming sectors. The move makes tractors and farm machinery more affordable for farmers, reduces costs for commercial vehicles and improves accessibility for personal mobility through rationalisation of rates across all SUVs. Together, these measures are expected to stimulate demand and drive inclusive growth across the entire ecosystem. We also appreciate the continuation of the 5% GST rate on EVs, which is a critical enabler of India’s clean mobility vision. This measure will further accelerate the adoption of electric vehicles and reinforce India’s leadership in sustainable, green transportation,” Jejurikar said.
Group CEO and MD of Mahindra Group, Anish Shah, described the tax overhaul as a turning point aligned with the government’s vision of a citizen-first economy.
“The next-generation GST reforms announced today mark a defining moment in India’s journey towards building a simpler, fairer, and more inclusive tax system. By moving to a streamlined two-rate structure and focusing on essentials that touch the lives of every citizen — from food, health, and insurance to agriculture and small businesses — the Government has reaffirmed its commitment to Ease of Living and Ease of Doing Business. The rationalisation measures will not only provide immediate relief to households but also strengthen key sectors such as automobiles, agriculture, healthcare, renewable energy, and MSMEs — all of which are vital to job creation and sustainable growth. The correction of long-pending inverted duty structures in critical industries is welcome,” Shah said.
He added: “At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence. This bold step is in line with the vision articulated by the Hon’ble Prime Minister of building a citizen-centric, future-ready Bharat. It strengthens India’s economic foundations and will help drive the next phase of equitable and inclusive growth — the journey towards Viksit Bharat @2047.”
RP-Sanjiv Goenka Group Chairman, Sanjiv Goenka, also welcomed the announcement, describing it as a reflection of Prime Minister Narendra Modi’s and Finance Minister Nirmala Sitharaman’s push for inclusive growth.
“Welcoming the #NextGenGST reforms that place citizens first. By making essentials affordable, supporting healthcare and education, and empowering agriculture, these reforms also provide fresh momentum to the economy. A reflection of Hon’ble PM Shri @narendramodi’s leadership and FM @nsitharaman’s strategy for inclusive growth,” Goenka wrote on X.
Reacting to the Centre’s announcement of the “Next-Gen GST Reform,” Mahindra said the rate cuts were a significant step forward but emphasised the need for continued momentum. In a post on X, he invoked Swami Vivekananda’s famous call to “arise, awake, and stop not till the goal is reached.”
“We have now joined the battle… More and faster reforms are the surest way to unleash consumption and investment. Those, in turn, will expand the economy and amplify India’s voice in the world. But let’s remember the famous exhortation of Swami Vivekananda: ‘Arise, awake, and stop not till the goal is reached.’ So, more reforms, please…” he wrote.
We have now joined the battle…
— anand mahindra (@anandmahindra) September 3, 2025
More and faster reforms are the surest way to unleash consumption and investment.
Those, in turn, will expand the economy and amplify India’s voice in the world.
But let’s remember the famous exhortation of Swami Vivekananda:
“Arise, awake, and… https://t.co/rDoRtjsCw1
Centre rolls out sweeping GST changes
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods.
Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
The 56th GST Council meeting agreed to consolidate the existing structure into two slabs — 5 per cent and 18 per cent — merging the earlier 12 per cent and 28 per cent brackets.
Industry leaders hail the move
Rajesh Jejurikar, Executive Director and CEO of Auto and Farm Sector at Mahindra & Mahindra, said the rationalisation would benefit both affordability and growth.
“We applaud the Government for this landmark GST rationalisation, which will have a far-reaching positive impact across the automotive and farming sectors. The move makes tractors and farm machinery more affordable for farmers, reduces costs for commercial vehicles and improves accessibility for personal mobility through rationalisation of rates across all SUVs. Together, these measures are expected to stimulate demand and drive inclusive growth across the entire ecosystem. We also appreciate the continuation of the 5% GST rate on EVs, which is a critical enabler of India’s clean mobility vision. This measure will further accelerate the adoption of electric vehicles and reinforce India’s leadership in sustainable, green transportation,” Jejurikar said.
Group CEO and MD of Mahindra Group, Anish Shah, described the tax overhaul as a turning point aligned with the government’s vision of a citizen-first economy.
“The next-generation GST reforms announced today mark a defining moment in India’s journey towards building a simpler, fairer, and more inclusive tax system. By moving to a streamlined two-rate structure and focusing on essentials that touch the lives of every citizen — from food, health, and insurance to agriculture and small businesses — the Government has reaffirmed its commitment to Ease of Living and Ease of Doing Business. The rationalisation measures will not only provide immediate relief to households but also strengthen key sectors such as automobiles, agriculture, healthcare, renewable energy, and MSMEs — all of which are vital to job creation and sustainable growth. The correction of long-pending inverted duty structures in critical industries is welcome,” Shah said.
He added: “At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence. This bold step is in line with the vision articulated by the Hon’ble Prime Minister of building a citizen-centric, future-ready Bharat. It strengthens India’s economic foundations and will help drive the next phase of equitable and inclusive growth — the journey towards Viksit Bharat @2047.”
RP-Sanjiv Goenka Group Chairman, Sanjiv Goenka, also welcomed the announcement, describing it as a reflection of Prime Minister Narendra Modi’s and Finance Minister Nirmala Sitharaman’s push for inclusive growth.
“Welcoming the #NextGenGST reforms that place citizens first. By making essentials affordable, supporting healthcare and education, and empowering agriculture, these reforms also provide fresh momentum to the economy. A reflection of Hon’ble PM Shri @narendramodi’s leadership and FM @nsitharaman’s strategy for inclusive growth,” Goenka wrote on X.
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