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GST 2.0 and Navratri Lift India Auto Sales to September Highs

Automakers credit GST 2.0 with unleashing pent-up demand for higher‑margin models.

Overview

  • Tata Motors posted its best month on record at 60,907 passenger vehicles, with EV sales up 96% to 9,191 units and the Nexon topping 22,500.
  • Mahindra reported 100,298 total vehicles and a record 56,233 domestic SUV dispatches, while flagging trailer shortages that constrained late‑month billings.
  • Maruti Suzuki sold 189,665 units overall as exports hit an all‑time monthly high of 42,204, though domestic PV wholesales fell 8% amid end‑month logistical constraints and mini cars remained weak.
  • Hyundai recorded 70,347 total sales with SUVs contributing 72.4% of domestic volume; the Creta achieved a monthly peak of 18,861 and exports reached 18,800.
  • Toyota logged 31,091 units in India, up 16% year on year, and Bajaj Auto grew 9% to 510,504 units with exports up 18%, underscoring broad gains led by SUVs, EVs and stronger overseas demand.