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GST 2.0 Debut Sparks Record Auto Retail on Navratri Day One

Lower levies on small cars translated into immediate price cuts that pulled buyers to showrooms.

Overview

  • Maruti Suzuki reported about 80,000 enquiries and roughly 30,000 deliveries on Monday, calling it the strongest single day in decades, with small‑car bookings up nearly 50%.
  • Hyundai Motor India said it recorded around 11,000 dealer billings on the day, its best single‑day tally in five years.
  • Used‑car platform CARS24 reported a 400% jump in deliveries by 2 pm, with the biggest activity in DelhiNCR followed by Ahmedabad, Bengaluru, Pune and Mumbai.
  • Under GST 2.0 now in force, the rate structure shifts to two main slabs of 5% and 18% with a 40% band for de‑merit goods, moving qualifying small cars to 18% and placing larger cars at 40%.
  • Dealers reported heavy footfalls and strong enquiries linked to the tax-driven price cuts and festive timing, with some Maruti variants expected to face short‑term stock constraints.