NEW DELHI, Oct 26: India’s two-wheeler market surged in October, with registrations hitting 1.85 million units—the highest monthly tally this year—driven by GST 2.0 rate cuts and festive demand, according to Vahan data.
The government reduced GST on motorcycles up to 350cc from 28% to 18%, lowering prices and encouraging purchases ahead of Diwali.
Hero MotoCorp, HMSI, TVS, Bajaj Auto, and Royal Enfield all reported growth, with Royal Enfield posting the sharpest rise at 43%. Analysts said the combination of tax cuts, new model launches, and festive offers boosted consumer sentiment across urban and rural markets.
Axis Securities noted strong growth in two- and three-wheelers and commercial vehicles, even as passenger car sales declined year-on-year, highlighting mixed trends in the overall auto sector. (IANS)
