Car Sales Post GST 2.0 – Record-Breaking Growth
Car sales post GST 2.0 have witnessed a massive surge, with over 5 lakh units sold within a month of the new tax regime rollout. The GST 2.0 reforms, effective from September 22, have given the Indian auto sector its biggest festive boost yet.
Finance Minister Nirmala Sitharaman confirmed that passenger vehicle retail sales could touch 6.5 to 7 lakh units, setting an all-time high for the industry.
Which Brands Benefited the Most?
- Maruti Suzuki sold over 3.5 lakh cars between September 22 and October 18.
- Tata Motors recorded a 33% YoY growth.
- Hyundai retailed an average of 2,500 cars daily.
- Mahindra, Kia, Toyota together sold 1–1.5 lakh units.
- EV sales also jumped by 37%, showing strong consumer interest in electrification.
Why GST 2.0 Made the Difference
GST 2.0 has reduced complexities and offered relief on pricing structures, giving buyers more confidence during the festive season. With the Diwali rush, India also saw record ₹6.05 lakh crore festive sales, generating jobs for 50 lakh temporary workers across sectors.
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