GST 2.0 drives auto sales, Hyundai motor records 11,000 dealer billings on Day 1 of Navratri, highest in 5 years

New Delhi [India], September 23 (ANI): The festive season got off to a strong start for the automobile industry as customers thronged car showrooms on the first day of Navratri.

The rollout of the new GST 2.0 reforms, which have reduced car prices, added further fuel to the festive buying sentiment. The twin impact of the festival and lower prices led to a remarkable performance for Hyundai Motor India Limited (HMIL).

On the very first day of Navratri, Hyundai Motor India recorded around 11,000 dealer billings, marking the company's highest single-day performance in the last five years.

The strong demand highlights how the combination of auspicious timing and price benefits under GST reforms have boosted customer confidence.

Speaking about the milestone, Tarun Garg, Whole-Time Director and COO of Hyundai Motor India Limited, said, "The auspicious start of Navratri, amplified by the momentum from GST 2.0 reforms, has infused strong positivity into the market. On Day 1 alone, Hyundai Motor India Limited recorded around 11,000 Dealer billings, which is our highest single-day performance in the last five years".

He further added "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."

The trend could continue through the festive season, with carmakers expected to benefit from improved affordability under the GST 2.0 reforms.

For small cars, the GST rate has been reduced to 18 per cent from 28 per cent.The small car encompasses petrol engine cars of