Car sales hit top gear on festival push
Business Standard
|October 22, 2025
Up 15-35% during Navaratri-Diwali period
India's leading automobile manufacturers have recorded their best Diwali season ever, driven by recent goods and services tax (GST) reforms, repo rate relief, and buoyant consumer sentiment during the festival period from Navaratri to Diwali.
According to initial industry estimates, passenger-vehicle makers have seen between 15 per cent and 35 per cent sales growth during this period.
Industry major Maruti Suzuki on Saturday reported 450,000 bookings during the festival period, with retail sales touching a record 325,000 units. Tata Motors on Tuesday said it delivered over 100,000 vehicles, a 33 per cent increase over last year, while Hyundai Motor India saw retail sales surge 30 per cent year-on-year (yo-Y), averaging around 2,500 cars a day.
This story is from the October 22, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Domestic steel prices likely to rise in March quarter
The Ministry of Finance announced the extension of safeguard duties (SGD) until April 2028, ending policy uncertainty.
3 mins
January 03, 2026
Business Standard
Crackdown on protests: Trump threatens Iran of intervention
US President Donald Trump threatened on Friday to come to the aid of protesters in Iran if security forces fire on them, days into unrest that has left several dead and posed the biggest internal threat to Iranian authorities in years.
1 min
January 03, 2026
Business Standard
Captive, commercial mines drive coal output growth in FY26
Coal output and dispatches from captive and commercial mines rose in December and the third quarter of 2025-26 (Q3FY6), reflecting a steady increase in their contribution to domestic coal supply.
1 min
January 03, 2026
Business Standard
Sebi working on tech road map for stock exchanges, other MIIs
The Securities and Exchange Board of India (Sebi) is planning a working group to develop a technology road map for market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories, Chairman Tuhin Kanta Pandey said on Friday.
1 mins
January 03, 2026
Business Standard
Nifty hits new high amid hopes of earnings revival
Indian equities gained, and the benchmark Nifty hit new high amid gains in other peer indices and hopes of corporate earnings revival in the December quarter.
1 mins
January 03, 2026
Business Standard
Deadline for textile PLI scheme applications extended to March 31
The government has further extended the deadline for submission of fresh applications under the production linked incentive (PLI) Scheme for Textiles until March 31.
1 min
January 03, 2026
Business Standard
Biren soars 76% in Hong Kong debut
Shares of Chinese AI chip designer Shanghai Biren Technology closed up 76 per cent in their Hong Kong debut on Friday, the financial hub's first listing of 2026.
1 min
January 03, 2026
Business Standard
FPIs buy ₹7.5K cr domestic debt on Jan 1
This marks highest single-day inflow since May 29, 2025
1 mins
January 03, 2026
Business Standard
Will govern NYC ‘audaciously,’ says Mamdani
Indian-origin politician Zohran Mamdani vowed to govern “expansively and audaciously” and deliver an agenda of affordability for New Yorkers as he thanked his family from “Kampala to Delhi” after being sworn-in as the 112th Mayor of New York City.
1 min
January 03, 2026
Business Standard
‘PRAGATI spurring fresh interest in infra investments’
‘The government has resolved issues impeding 62 mega private investment projects worth about %10.57 trillion, through the ‘Pro-Active Governance And Timely Implementation’ (PRAGATI) platform, which has also helped 3,300 stalled public -sector and public-private partnership (PPP) projects worth over 285 trillion, get off the ground since it was set up in 2015.
3 mins
January 03, 2026
Listen
Translate
Change font size
