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Dhanteras: Auto sales surge, gold demand remains muted
The New Indian Express
|October 19, 2025
AUTOMOBILE showrooms saw peak activity on Saturday, buoyed by pent-up festive demand and benefits from recent GST rate cuts that made cars cheaper across segments.
Dealers said that bookings jumped in high double digit figures with thousands of deliveries scheduled through Sunday. In contrast, leading jewellers reported a significant drop in gold sales volumes as prices soared nearly 65% over last year to around ₹1.35 lakh per 10 grams. While value sales rose due to higher rates, many buyers shifted to silver or lightweight jewellery.
Partho Banerjee, Senior Executive Officer, Marketing & Sales at Maruti Suzuki (MSIL) said they did about 41,000 deliveries on Saturday and another 10,000 customers would take deliveries on Sunday, taking the total number to 51,000 units. Last year on Dhanteras, the MSIL did about 41,500 deliveries.
"This year many customers, because of GST 2.0 magic, are enthusiastically coming to buy vehicles. Every day 14,000 bookings are coming.
This story is from the October 19, 2025 edition of The New Indian Express.
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