India’s automobile sector recorded a strong upswing in demand with the rollout of GST 2.0. The GST 2.0 impact was immediate as Hyundai Motor India, Maruti Suzuki, and Tata Motors reported record bookings and deliveries on the very first day. Customers across the country rushed to showrooms to benefit from lower prices during the festive season.
GST 2.0 Impact on Prices and Demand
The revised GST structure brought down taxes on small cars from 28% to 18% and reduced levies on select other vehicle categories. Automakers instantly passed on these savings to buyers, resulting in attractive price cuts. The GST 2.0 impact aligned perfectly with the start of the festive season, creating a powerful boost to consumer sentiment and sales momentum.
Hyundai Achieves Five-Year High
Hyundai Motor India reported over 11,000 dealer billings on Day 1, making it the company’s highest single-day sales in the past five years. Moreover, the showrooms witnessed heavy footfall and rapid conversions from enquiries to bookings. Executives noted that the GST 2.0 impact directly influenced this surge as buyers acted quickly to lock in reduced prices.
Maruti Suzuki Hits Massive Numbers with GST 2.0
Maruti Suzuki saw over 80,000 enquiries within a day and delivered close to 30,000 vehicles. This marks one of its strongest single-day performances. Popular hatchbacks and SUVs contributed significantly to the tally. The automaker credited the reduced GST impact and festive enthusiasm for creating record-breaking numbers.
Tata Motors Gains Festive Momentum
Tata Motors also experienced a sharp rise in showroom traffic. Models like the Nexon, Punch, and Harrier attracted high interest from buyers. The GST 2.0 impact made these vehicles more competitive, leading to strong bookings across segments. Dealers reported extended working hours to accommodate growing demand.
Outlook: Sustained Growth Expected
With the festive season continuing, automakers are optimistic about sustaining this momentum. Moreover, industry experts believe the GST 2.0 impact will keep driving strong bookings and deliveries in the coming weeks. Further, making this one of the best festive seasons in recent years for the Indian auto industry.
