GST cut impact? Tata Motors sells 10k cars, Maruti, Hyundai sales soar on first day of Navratri amid reduced prices
After the decrease in vehicle prices after GST reforms, Tata Motors reported the sale of about 10,000 passenger vehicles on the first day of Navratri. Maruti Suzuki and Hyundai were sold 30,000 and 11,000 units respectively.
According to the new GST structure, the cars below 4 meters were moved to 18%and the interruption of the cars was eliminated. Gasoline, gasoline hybrid, LPG and CNG variants below 1200 cc and 4000 mm are now taxed at 18% instead of 28%. Motorized diesel and diesel hybrid cars up to 1,500 cc and length up to 4,000 mm will benefit from the same reduction.
TATA MOTORS SALES
Tata Motors announced on Tuesday that Navratri has sold about 10,000 passengers on the first day of Navratri because of the reducing vehicle prices due to a revised GST regime.
The car manufacturer received more than 25,000 customer questions in passenger car dealers in India.
Ani, “We see a very enthusiastic reaction from customers. After the announcement of new GST rates, we transfer our customers with full benefits and attractive festival offers.”
This caused a significant increase in questions and reservations, along with more showroom walking, advanced transformation rates and expanding order accumulation. He said that the company’s dealers had previously opened and that the festival season extended their hours to enable him to hurry.
According to Kamat, the response to the company’s portfolio was extraordinary for Nexon and Punch, especially popular sellers.
“With a strong reservation pipeline and planned delivery, we are completely preparing to meet the festive demand and we are optimistic about making new records in this festival season.” He said.
On Monday, Maruti Suzuki and Hyundai Motor India reported the buffer sales of buyers to buy their favorite models under the new GST regime on lower price labels.
Maruti Suzuki Sales
Maruti Suzuki India, India’s largest car manufacturer, received 80,000 investigations and delivered 30,000 vehicles and provided the best one -day performance in 35 years. In addition, small automobile reservations increased by 50 percent compared to typical festival season levels.
On the evening of September 22, car manufacturer retail sales exceeded 25,000 brands and expected to exceed 30,000 until the end of the day, waiting for dealers to wait to stay open until late at night.
Maruti Suzuki India Marketing and Sales senior executive Partho Bannerjee said that the customer response is perfect on the first day of Navratri and under the new GST regime.
At lower prices, he observed that there is a 50 percent increase in reservations for small cars and the company may remain in stock for certain model variants.
Hyundai Sales
Hyundai, the leading car manufacturer, recorded 11,000 dealers invoices in a single day and marked the best performance in five years.
Hyundai Motor India Coo Tarun Garg said that the beginning of Navratri, which was supported by increasing GST 2.0 reforms, has brought significant support in vehicle sales throughout the country.
“Only the first day, the car manufacturer, the highest one -day performance in the last five years, approximately 11,000 sellers Billings recorded.”
(With inputs from agencies.)
