Overview

• India’s new GST regime took effect on Sept. 22, cutting tax to 18% for small cars and two‑wheelers up to 350cc and setting a 40% slab for larger and luxury vehicles.
• Maruti Suzuki reported about 80,000 enquiries and roughly 30,000 deliveries on Day 1, Hyundai recorded around 11,000 dealer billings, and Tata Motors delivered 10,000 vehicles.
• Most manufacturers passed the full tax reduction to buyers, with popular small cars and sub‑350cc bikes seeing price drops typically ranging from about Rs 7,000 to over Rs 1 lakh depending on the model.
• KTM, Triumph and Aprilia said they will absorb the higher 40% GST on >350cc models to keep prices unchanged, whereas Royal Enfield raised prices on larger‑capacity motorcycles.
• Bajaj Auto layered festive schemes like the ‘Hattrick Offer’ on top of GST cuts, and auto shares gained as dealers reported exceptional footfalls and conversions.