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.

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.

Infrastructure Urban

27 Apr 2026

Narayanan G Appointed CEO of Athaang Infrastructure

Athaang Infrastructure Private Limited has appointed Mr Narayanan G as its Chief Executive Officer. He brings over 25 years of leadership experience in infrastructure investments, with more than $3 billion in capital deployment across roads, ports, logistics, energy and healthcare.Before joining Athaang, he served as Partner and Head – Transportation at IDFC Alternatives / Global Infrastructure Partners India. In this role, he contributed across the investment lifecycle, including fundraising, deal origination, portfolio management and successful exits.Mr Narayanan has also been involved in ..

Equipment

27 Apr 2026

Herrenknecht TBM Cleared for Mumbai Water Tunnel Project

Afcons Infrastructure, a Shapoorji Pallonji Group company, has cleared the factory acceptance tests for a Herrenknecht Gripper tunnel boring machine (TBM) with a diameter of 5.33 m. The machine will be deployed for the 7.2 km Bhiwandi–Thane water tunnel project connecting Kasheli to Mulund (Bhiwandi to Octroi Naka).The project is expected to strengthen Mumbai’s existing water transport network and help increase fresh water supply for millions of residents. Designed for hard rock excavation, the Gripper TBM is built for high performance, precision and reliability.The entire 7.2 km tunnel dr..

Infrastructure Transport

25 Apr 2026

Sector 51-52 Metro skywalk in Noida remains shut despite being ready for over a year

Thousands of commuters travelling between Delhi Metro Rail Corporation’s (DMRC) Sector 52 station and Noida Metro Rail Corporation’s (NMRC) Sector 51 station continue to face daily inconvenience as the 300-metre air-conditioned skywalk connecting the two stations remains closed, despite being completed over a year ago, according to a report.The Noida Metro Rail Corporation built the foot overbridge to enable a seamless interchange between the Delhi Metro and Noida Metro networks. However, pending finishing work and a structural obstruction have delayed its opening.Krishna Karunesh, Chief E..