GST 2.0 Reforms: Automobile Market Positive Under New GST Regime, Dealers Register Robust Sales Across India As Car Prices Go Down
New Delhi/Mumbai, September 23: The auspicious start of Navratri, amplified by the momentum from the GST 2.0 reforms, has infused strong positivity into the automobile market, with car dealers registering robust sales across the country.
The GST reforms have considerably brought down prices of passenger and commercial vehicles, in cheers for customers. While Maruti Suzuki said its retail sales were likely to surpass 30,000 units on Day 1 of the rate rationalisation, Hyundai Motor India Limited (HMIL) recorded nearly 11,000 dealer billings, its highest single-day performance in the last five years. Mahindra THAR ROXX, Mahindra XUV 700 and Mahindra Bolero Neo Now Get Total Benefits up to INR 2.56 Lakh; Check Updated Price Details.
According to Tarun Garg, whole-time director and COO, HMIL, this is a clear testament to robust festive sentiment and customer confidence. “As one of the first automobile companies to fully pass on the full GST benefits to customers, we are delighted to make our customers’ celebrations even more joyful. Looking ahead, we anticipate sustained festive demand and remain committed to delivering value and excitement to our customers,” he mentioned.
With GST rate cuts, customers rushed to purchase their preferred models at reduced prices. According to Maruti Suzuki, the customer response on the first day of Navratri and the GST rollout has been extremely encouraging. The company dealerships reported around 80,000 customer enquiries on Monday. With reduced prices, there has been a 50 per cent increase in the number of bookings for the small cars. Skoda Kodiaq Lounge Price, Specifications and Features, Know All About New 5-Seater SUV Variant Launched in India.
According to the Federation of Automobile Dealers Associations (FADA), the automotive dealers witnessed increased footfalls as buyers thronged dealerships in large numbers on Monday to buy cars. Car dealers welcomed the next generation GST reforms, saying the changes will increase purchasing power and give a big push to the economy. They also praised Prime Minister Narendra Modi for introducing the measures during the festive season.
(The above story first appeared on LatestLY on Sep 23, 2025 10:55 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
