New Delhi, Oct 19: The festive spirit roared through India’s automobile market this Dhanteras, as automakers clocked record-breaking deliveries, crossing the 100,000 mark within just 24 hours, according to industry sources.
Driven by robust festive demand and the positive impact of GST 2.0 reforms, the auto sector saw one of its strongest single-day performances in years.
According to industry estimates, these deliveries translated into sales worth Rs 8,500–10,000 crore in a single day, based on an average vehicle price of Rs 8.5–10 lakh.
Leading carmakers including Maruti Suzuki India (MSIL), Tata Motors Passenger Vehicles, and Hyundai Motor India (HMIL) reported record sales this festive season, as consumer confidence hit a high gear.
Amit Kamat, Chief Commercial Officer at Tata Motors Passenger Vehicles Ltd, said that this year’s Dhanteras and Diwali deliveries were spread over two to three days, aligning with auspicious muhurat timings.
Echoing the sentiment, Tarun Garg, Whole-time Director and COO of Hyundai Motor India Ltd, said the company witnessed strong customer demand, with deliveries expected to touch around 14,000 units — nearly 20 per cent higher than last year.
The broader festive season has also fuelled consumer spending across other sectors. Gold and silver sales surged over 25 per cent in value, while overall Dhanteras trade was estimated to have crossed Rs 1 lakh crore, according to CAIT. (IANS)
