Car sales up on GST cut

THE FIRST HALF of FY26 thus saw retail volumes at 2.04 million units (as against 1.91 million units in the year-ago period).

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This figure is almost equal to the wholesales of 2.05 million during the same six months in the year-ago period.

“Firstly, the fear of compensation cess getting written off forced OEMsand dealers to dole out massive discounts until September 21.This hugely helped liquidate inventory,” said a senior functionary of the Federation of Automobile Dealers Association (FADA).

“Then from September 22 onwards, the pent-up demand was unlocked during Navratri boosted by the new GST rates,” he further added.