GST rate cut boost: Passenger vehicle sales jump by 17% YoY in October

Sales of passenger vehicles grew 17.2% year-on-year to 4.60 lakh units in October 2025 from 3.93 lakh units in the same month last year, aided by the Goods and Services Tax (GST) reform and the festive season, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Advertisement

“Passenger vehicle, two and three-wheeler segments posted their highest ever dispatches to dealers in October, primarily buoyed by the festive demand and the recent GST rate reduction, despite being constrained due to certain logistic limitations,” said Rajesh Menon, Director General, SIAM.

Maruti Suzuki India Ltd, India’s biggest carmaker by volume, recorded domestic sales of 1.76 lakh units in October 2025, up 10% compared with the same month last year.

However, sales of cars in t