"Bookings, which earlier used to be around 10,000, are now at the level of 18,000 per day. In small cars also, we are seeing very good traction in terms of bookings. An interesting part is that beyond 100 cities, the response is even better. The bookings have almost doubled-100 per cent g
GST 2.0 appears to have delivered instant relief and sparked consumer joy from the very first day, reducing household expenses, reviving demand across industries, and igniting the festive season with record-breaking sales.
Bharatiya Janata Party (BJP) MP Sambit Patra on Tuesday said Maruti Suzuki and Hyundai have set new records following the first day of GST reforms, with Maruti delivering over 25,000 cars and receiving around 80,000 inquiries, calling the response "like a festival."
The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 reported exceptional sales and customer activity on the first day of Navratri.
The demand upcycle in the passenger vehicle (PV) segment could continue up to FY29, supported by GST 2.0 reforms and a strong outlook for the automobile sector, according to a report by Nuvama.
While the government hails it as a landmark reform, the Opposition criticises it as inadequate and a "historic blunder" being corrected after eight years.
"When GST was implemented, the entire Opposition had pointed out that it would destroy the small and medium-scale industry and affect the growth rate, and there would be a rise in inflation. GST was imposed on the country for 8 years. Today, the BJP should accept that they had made a mistake
The Union Minister said, "On the occasion of the first day of Navratri, I got the opportunity to interact with the shop owners and traders of Amar Colony. I have congratulated them and I have delivered PM Modi's message to them. The shop owners have accepted the Next Generation GST reform
Speaking at the Network18 Reforms Reloaded 2025 summit in Delhi, Nageswaran said, "The GST 2.0 is a very significant landmark reform. I am very confident that it will provide a very significant boost to domestic demand. In addition to the indirect taxes, there are concessions and relief anno
The latest GST reforms, rolled out on Monday, are not just a routine policy change but a move that experts say will make daily life easier on the pocket.