Overview

• FADA reports 1,827,337 vehicle registrations in September, up 5.22% year on year, with passenger vehicles at 299,369 (+5.8%) and two-wheelers at 1,287,735 (+6.5%).
• During Sept 22–Oct 2, registrations jumped about 34–35% year on year to 1,156,935 units, including roughly 217,744 passenger vehicles and 835,364 two-wheelers, accounting for about 63% of the month’s total.
• The post‑Sept 22 burst followed the rollout of GST 2.0, which cut rates on many items and moved small cars to 18% tax while larger cars face 40%, a shift FADA credits for reviving demand.
• Dealers say inventories have been replenished to around 60 days and report strong enquiries heading into Dhanteras and Diwali, contingent on smooth logistics and supply.
• EV penetration increased in September, reaching about 5.1% of passenger vehicles and 8.1% of two-wheelers, even as analysts warn the surge reflects purchases deferred ahead of the tax change.