Tata Motors tops September sales chart, Mahindra follows
India's auto industry just had a standout September, with festive shopping vibes and recent GST tax cuts driving record sales for big names like Tata Motors, Mahindra & Mahindra, and Maruti Suzuki.
Tata Motors led the charge, jumping 45% in sales compared to September last year.
Lower taxes made cars more affordable—small car GST dropped from 28% to 18%, and from 45-50% to a flat 40% for large SUVs—making it easier for more people to buy.
Two-wheelers also saw action
It wasn't just cars—two-wheelers saw action as well. Bajaj Auto and Hero MotoCorp both posted a 5% bump in sales, while TVS Motor zoomed ahead with 12% growth.
Even though some brands faced shipping hiccups, overall retail car sales still climbed by 10%.
Investors noticed all this momentum: Tata Motors's shares jumped over 5%, signaling fresh confidence in India's auto sector.