How GST will alter contours of the automobile industry - for the better

India will continue to be a small car market, says RC Bhargava, chairman of Maruti Suzuki, India’s largest carmaker . Small cars (hatchbacks and compacts) in the price range of Rs 5-8 lakh account for a little over three-fourths of the car bazaar. And it’s this price-sensitive segment carmakers were apprehensive about in the run-up to the announcement on goods & services tax rates. As it turns…