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Record Dhanteras Deliveries: How GST 2.0 Fuels Auto Industry Boom

India's auto industry is experiencing an unprecedented festive sales surge this Dhanteras. Major automakers like Maruti Suzuki, Tata Motors, and Hyundai are reporting record-breaking delivery numbers driven by strong customer demand. The GST 2.0 reforms have created significant positive momentum across the sector. With extended delivery windows and round-the-clock production, companies are capitalizing on this festive boom to achieve historic sales figures.

Key Points: Auto Industry Festive Sales Surge with GST 2.0 Reforms

  • Maruti Suzuki expects 51,000 Dhanteras deliveries with 50% growth over last year
  • Tata Motors anticipates over 25,000 vehicle deliveries during festive period
  • Hyundai projects 14,000 deliveries with 20% increase from previous year
  • Extended Dhanteras period spanning two days boosts delivery opportunities
  • GST 2.0 reforms driving unprecedented customer response and bookings
  • Production continues through holidays to meet vehicle shortages across models
2 min read

Auto industry gears up for record festive deliveries as GST 2.0, festive spirit fuel demand

Maruti Suzuki, Tata Motors, and Hyundai report record Dhanteras deliveries as GST 2.0 reforms and festive demand drive unprecedented auto sales growth across India.

"Traction is very good. Everyday 14,000 bookings are coming. Since the day we announced reduced prices, we have received 4.5 lakh bookings - Partho Banerjee, Maruti Suzuki"

New Delhi, October 19

India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms.

With the auspicious Dhanteras period spread over two days this year -- starting from 12:18 PM on Saturday and extending until 1:51 PM on Sunday -- automakers are capitalising on the extended delivery window to push record volumes.

Maruti Suzuki is on track to post its highest-ever Dhanteras sales, with Partho Banerjee, Senior Executive Officer, Marketing & Sales, stated that the company has already delivered 38,500 vehicles and expect to reach 41,000 by end of today. Another 10,000 deliveries are expected tomorrow, taking the total to 51,000 - nearly 10,000 more than last year's 41,500, he added.

Banerjee attributed the momentum to the "GST 2.0 magic", noting that customer response since the price reduction announcement has been unprecedented.

"Traction is very good. Everyday 14,000 bookings are coming. Since the day we had announced reduced prices, we have received 4.5 lakh bookings & of this 1 lakh is for small car. Retail is 3.25 lakh. It has Broken all records for Maruti Suzuki With a growth of more than 50 per cent over similar period last year. Still a few more days are left," Banerjee added.

He also noted that the company's showrooms would remain open late into the night, and production is running even on Dhanteras and Sunday to meet demand amid vehicle shortages across models.

Tata Motors Passenger Vehicles Ltd. is also seeing strong traction. Amit Kamat, Chief Commercial Officer, said, ""This year, Dhanteras and Diwali deliveries are spread over two - three days in line with the auspicious mahurats. Overall demand has been robust, and the GST 2.0 reform has further provided positive momentum. We expect to deliver over 25,000 vehicles during this period."

Hyundai Motor India is witnessing a similar trend. Tarun Garg, Whole-time Director & COO, said, "This year, Dhanteras deliveries are spread across multiple days because of it being a Saturday. We are witnessing strong customer demand, with deliveries expected to be around 14,000 units approximately 20% higher than last year. The positive momentum is driven by the festive spirit, a buoyant market environment and the encouraging impact of GST 2.0 reforms."

- ANI

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Reader Comments

P
Priya S
While the sales numbers are impressive, I'm concerned about the environmental impact. So many new vehicles on roads will worsen our already bad air pollution. Shouldn't we be promoting public transport more aggressively?
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Amit K
Great to see Indian auto industry booming! GST 2.0 has really boosted consumer confidence. My family delivered our Tata Nexon EV yesterday - perfect timing for Diwali celebrations. The extended delivery window helped us get it on an auspicious time.
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Sarah B
As an expat living in Delhi, it's fascinating to see how festivals drive the economy here. The cultural significance of buying vehicles during Dhanteras is something unique to India. The numbers are staggering!
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Nikhil C
Waiting for my Hyundai Creta delivery since 2 months! The demand is so high that even with increased production, there are delays. But worth the wait for the GST benefits. Hope to get it before Diwali! 🤞
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Meera T
This shows the resilience of Indian economy. Despite global challenges, our domestic demand remains strong. The government's GST reforms have clearly worked wonders for the auto sector. Jai Hind! 🇮🇳

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