India’s automobile market celebrated a record month in October, with 4.02 million vehicles sold – a 40.5 % jump from the same month last year, according to the Federation of Automobile Dealers Associations (FADA).
Passenger cars reached 557,000 units, up 11 % year‑on‑year. Two‑wheelers set a new high, selling 3.15 million units, a 52 % rise. Commercial vehicles and tractors also grew, up 17.7 % and 14.2 % respectively, driven by increased freight demand, rural delivery networks and new infrastructure projects.
FADA president C.S. Vigneshwar said October was a “landmark month” for the sector and that the strong sales reflected renewed consumer confidence and a healthy economy. The sharp rebound came after a slow start in early September, as businesses adjusted to the changes brought by GST 2.0.
GST 2.0 cut tax rates on entry‑level two‑wheelers and small cars, making them more affordable, and pushed many first‑time buyers onto the roads. The lower rates coincided with a 42‑day festive period that pushed people to purchase vehicles before the holidays, and the easing of logistics in rural areas, where strong monsoon rains and higher farm incomes boosted demand.
“By lowering small‑car GST rates and timing the cuts with the festive season, the government delivered a win for consumers and for the industry,” Vigneshwar added. The combination of tax reform, seasonal demand and rural market growth has made India’s auto industry one of the fastest‑growing in the world.
Source: ianslive
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