According to a report by ICICI Securities, domestic automobile industry recorded a strong rebound in September 2025. The wholesale volumes exceeding expectations across all major vehicle segments. This improvement in demand came after the Goods and Services Tax (GST) cut on September 22, which boosted retail and wholesale sales across the sector.

In the two-wheeler segment, Hero MotoCorp registered a year-on-year growth of eight per cent and sold around 6.87 lakh units, led by strong scooter sales. TVS Motor registered a growth of 12 per cent to 5.41 lakh units, including over 31,000 iQube electric scooters, reflecting the continued growth in the electric vehicle segment.

Bajaj Auto's total sales rose nine per cent to 511,000 units, including a 15 per cent increase in three-wheeler expor

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