Passenger Vehicle Sales Reach Record High After GST Two Point Zero

06 Apr 2026 CW Team

Maruti Suzuki recorded its highest ever annual sales at two point four two mn units, up from two point two two mn the year before, reflecting sustained demand across segments. The company attributed supportive factors to income tax rebates and a repo rate cut by the Reserve Bank of India, while noting that rising commodity costs may force selective price increases. Price sensitive segments such as small cars could therefore face headwinds if costs are passed on.

Tata Motors Passenger Vehicles reported annual volumes of zero point six four mn units, registering industry beating growth of 15 per cent year on year and moving to the number two position in the second half. Mahindra & Mahindra posted zero point six six mn units, a 20 per cent increase and its highest ever volumes in SUVs and light commercial vehicles. The industry is expected to see growth led by SUVs, CNG models and electric vehicles, although firms are monitoring geopolitical developments for supply risks.

Other manufacturers also recorded gains, with Toyota at zero point four one mn units and Hyundai reporting zero point two one mn units in the January to March quarter while achieving a quarterly peak of zero point one seven mn in Q4. Kia reported its strongest quarter at zero point zero eight mn units and Skoda posted zero point zero two mn units, delivering year on year growth. Companies cautioned that commodity price inflation and external risks could prompt price adjustments that may moderate demand, but the sector aims to carry momentum into FY27, managing cost and supply pressures.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

India's passenger vehicle market reached a record of four point seven million (mn) units in fiscal year 2025-26, driven by the implementation of GST two point zero in September 2025 and strong performances from leading automakers. The year unfolded as two halves with a weak first half followed by a robust rebound in the second after the GST rate reduction acted as a demand unlock. Industry observers attributed the surge to policy tailwinds and a buoyant festive season. Maruti Suzuki recorded its highest ever annual sales at two point four two mn units, up from two point two two mn the year before, reflecting sustained demand across segments. The company attributed supportive factors to income tax rebates and a repo rate cut by the Reserve Bank of India, while noting that rising commodity costs may force selective price increases. Price sensitive segments such as small cars could therefore face headwinds if costs are passed on. Tata Motors Passenger Vehicles reported annual volumes of zero point six four mn units, registering industry beating growth of 15 per cent year on year and moving to the number two position in the second half. Mahindra & Mahindra posted zero point six six mn units, a 20 per cent increase and its highest ever volumes in SUVs and light commercial vehicles. The industry is expected to see growth led by SUVs, CNG models and electric vehicles, although firms are monitoring geopolitical developments for supply risks. Other manufacturers also recorded gains, with Toyota at zero point four one mn units and Hyundai reporting zero point two one mn units in the January to March quarter while achieving a quarterly peak of zero point one seven mn in Q4. Kia reported its strongest quarter at zero point zero eight mn units and Skoda posted zero point zero two mn units, delivering year on year growth. Companies cautioned that commodity price inflation and external risks could prompt price adjustments that may moderate demand, but the sector aims to carry momentum into FY27, managing cost and supply pressures.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..