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GST 2.0 Drives Festive Auto Surge as Tata and Mahindra Set September Records

Lower GST rates triggered price cuts that unlocked pent‑up festive demand across India’s auto market.

Overview

  • Industry car and SUV dispatches rose 5.42% year on year to 381,437 units after the Sept. 22 tax rejig coincided with Navratri buying.
  • Tata Motors posted its best month ever with 60,907 passenger vehicles, including 9,191 EVs up about 96% year on year, with Nexon sales topping 22,500.
  • Mahindra reported total automobile sales of 100,298 units, up 16%, led by a record 56,233 domestic SUVs and a 49% jump in tractor volumes to 66,111.
  • Maruti Suzuki’s domestic wholesales fell 8% to 132,820 units, citing late‑month logistics constraints, while retail sales rose nearly 28% to 173,500 and new bookings climbed 35% to 350,000.
  • Companies flagged trailer shortages and other bottlenecks even as Toyota rose about 16% to 31,091 units and Hyundai’s exports jumped 44% to 18,800, indicating broad‑based gains.