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India Auto Posts Record October on GST Cuts, With Tata, M&M and Kia Hitting Highs

GST rate cuts alongside the festive buying window lifted demand across segments.

Overview

  • Retail rankings showed Maruti at about 2.38 lakh registrations, with Tata second at 74,705 ahead of Mahindra and Hyundai, per October tallies.
  • Tata Motors Passenger Vehicles reported record wholesales of 61,295 units, with more than 47,000 SUVs and 9,286 EVs, a 73% year-on-year EV surge.
  • Mahindra & Mahindra sold 1,20,142 vehicles in total, including a highest‑ever 71,624 domestic SUVs, while tractor sales rose 13% to 73,660 units.
  • Kia India logged its best month on record at 29,556 units, led by 12,745 Sonets, 8,779 combined Carens Clavis and Carens Clavis EV sales, and 7,130 Seltos.
  • TVS Motor sold 5,43,557 vehicles and flagged continuing rare‑earth magnet constraints for EVs, as Bajaj Auto edged it in October electric two‑wheelers at 29,567 vs 28,008 units.