GST cuts, festive cheer drive Sept auto sales

PASSENGER VEHICLE DISPATCHES from manufacturers to dealerships rose 4.4% yearon-yearin September, signalling astrong start to the festive quarter forthe auto industry.According to data released by the Society of Indian Automobile Manufacturers (SIAM),a total of 372,458 passenger vehicles were dispatched last month, compared to 356,752 units in September last year.

- NITIN KUMAR

The surge, though modest in percentage terms, is significant as it coincides with the implementation oftheGST2.0 reform and the onset of the festive season. “In spite of the new GST rates coming into effect from September 22, that is, for only nine days of the month, passenger vehicles, two-wheelers and three-wheelers have already posted their highest-ever sales for September,’ Siam president Shailesh Chandra said.