New Delhi – On Dhanteras, India’s car market surged past 100,000 deliveries in just 24 hours, a record that highlights the power of festive buying and the fresh GST 2.0 reforms.
Industry figures said the sales burst was worth ₹8,500 to ₹10,000 crore, using an average car price of ₹8.5–10 lakh.
Maruti Suzuki, Tata Motors Passenger Vehicles and Hyundai Motor India all posted their best holiday numbers. Tata’s Amit Kamat said the company spread Dhanteras and Diwali deliveries over two to three days to match auspicious timings. “Demand has hit a high note and the GST 2.0 boost keeps the momentum strong,” he added. Kamat expects to deliver more than 25,000 cars during this peak window.
Hyundai’s Tarun Garg reported a 20 % jump, with the brand targeting about 14,000 units, thanks to solid customer interest.
The rally isn’t limited to cars. Gold and silver sales leapt more than 25 % in value, and overall Dhanteras trade topped ₹1 lakh crore, the Confederation of All India Traders (CAIT) said. The All‑India Gem and Jewellery Council expects seasonal sales to cross ₹50,000 crore, driven by early wedding orders and strategic holiday buying, according to GJC chairman Rajesh Rokde.
Together, cars, jewellery and other retail goods paint a picture of confidence. Economists point to the festive vibe, economic rebound and GST 2.0 tax changes as the trifecta that revived consumer enthusiasm, making this Diwali one of India’s most optimistic shopping seasons in recent years.
Source: ianslive
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