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GST 2.0 Drives Festive Sales Surge as Maruti Nears 50,000 Dhanteras Deliveries

Late‑September GST rate cuts lifted weekend demand across autos and consumer goods.

Overview

  • Maruti Suzuki said it had delivered about 38,500 vehicles by Saturday evening and expects roughly 51,000 over the two‑day Dhanteras period, surpassing last year’s 41,500.
  • Hyundai Motor India reported around 14,000 Dhanteras deliveries, about 20% higher than a year ago, citing stronger festive sentiment after the tax changes.
  • Since announcing price reductions following GST 2.0, Maruti has logged about 4.5 lakh bookings, including 1 lakh for small cars, and festive‑period retail sales of 3.25 lakh units.
  • Showrooms remained open late and factories ran overtime as dealers flagged tight supplies across several models and noted some customers deferred Saturday deliveries.
  • Consumer demand broadened beyond autos, with Panasonic reporting over 36% growth in 4K TV sellouts and Haier projecting more than 50% growth in premium appliances, while Chandigarh logged 517 vehicle registrations on Friday and Saturday with Sunday data pending.