Nirmala Sitharaman on GST Reform: in the country GST 2.0 Since its implementation, the Indian automotive sector is witnessing huge growth. Union Finance Minister Nirmala Sitharaman said that the GST reforms implemented from September 22 have given a new impetus to the domestic automobile market. This has had a direct impact on car sales, which have now doubled to 5 lakh units.
Sharing a post on social media platform He said that GST 2.0 has given an unprecedented boost to the automotive industry, leading to a record increase in sales.
Nirmala Sitharaman further wrote that there was a sharp surge in demand on e-commerce and quick-commerce platforms during the Diwali shopping season. “Premium products and instant delivery services have driven the growth of the market and festive spending is no longer limited to big cities only.” That is, a big jump in vehicle purchases has been seen even in small cities and towns.
Tata Motors performed brilliantly in the festive season following the GST cut on automobiles. The company said that it has delivered more than 1 lakh cars in just 30 days from Navratri to Diwali. During this period, Tata’s sales have increased by 33% year-on-year, while its SUV segment maintained its dominance in the market.
Maruti Suzuki India said sales in the passenger vehicle segment, which includes cars and SUVs, is set to reach a record ₹6.05 lakh crore in Diwali 2025 driven by cut in GST rates and rising demand for ‘Make in India’ products. This boom in business during the festive season has created about 50 lakh temporary employment opportunities in the logistics, transportation, packaging and delivery sectors, which has also strengthened the Indian economy.
