Vehicle sales gain from GST 2.0: PVs at 3.72 lakh, 2Ws record healthy growth
Passenger vehicle and two-wheeler dispatches saw a strong upswing in September, driven by GST reforms and festive season demand, raising optimism for the automotive sector to finish the current fiscal on a high note, the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday.Passenger vehicle dispatches from factories to dealers rose 4 per cent year-on-year to 3,72,458 units in September, up from 3,56,752 units in the same month last year. Two-wheeler sales also grew, registering a 7 per cent increase to 21,60,889 units, compared with 20,25,993 units in September 2024. Three-wheeler dispatches rose 5.5 per cent to 84,077 units, as against 79,683 units a year ago.“In spite of the new GST rates coming into effect only from September 22, covering just nine days of the month, passenger vehicles, two-wheelers, and three-wheelers have already recorded their highest-ever September sales,” SIAM President Shailesh Chandra said.
In the July-September quarter, passenger vehicle sales stood at 10,39,200 units, slightly down 1.5 per cent from 10,55,137 units in the same quarter of the previous fiscal. Utility vehicles continued to dominate, contributing around two-thirds of total PV sales, although this segment saw a 2 per cent decline compared with last year. Passenger car sales largely remained stable, while small cars witnessed a revival following the GST rate cut, which helped bring down prices.Two-wheeler sales in the quarter rose 7 per cent to 55,62,077 units, supported by stronger economic activity, better affordability, resilient rural demand, and the GST reduction in late September. The scooter segment led the growth with a 12 per cent jump, while motorcycles grew by 5 per cent.Three-wheeler dispatches in the quarter increased 10 per cent to 2,29,239 units, marking the segment’s highest-ever Q2 sales. Growth was driven by rising urban and semi-urban transportation needs, easier financing options, and increased replacement demand, SIAM noted. (Inputs from PTI).
