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GST 2.0 Triggers Festive Buying Spree as Carmakers Post Record Day-One Numbers

Price cuts under the new tax regime drew shoppers to showrooms nationwide.

Overview

  • Maruti Suzuki reported about 80,000 enquiries and roughly 30,000 deliveries on Sept 22, its strongest single-day performance in decades.
  • Hyundai Motor India logged around 11,000 dealer billings, a five-year high, while Tata Motors said it delivered 10,000 cars on Day 1.
  • GST 2.0 consolidates rates to 5% and 18% with a 40% band for luxury/sin goods, moves small cars to 18%, and removes the automobile compensation cess.
  • Retailers and platforms saw a parallel demand spike, with electronics prices cut (split ACs down ₹3,000–₹5,000, premium TVs up to ₹85,000 off) and early festive sale traffic rising on Flipkart and Amazon.
  • The government has tasked CBIC field formations to track pass-through with first reports due Sept 30, as dealer body FADA flags transitional credit and working-capital stress; Suzuki Motorcycle India said it is passing the full benefit to buyers.