The Indian automotive sector witnessed sturdy demand in September 2025, boosted by the latest GST 2.0 reforms and the onset of the festive season. Passenger automobiles, utility automobiles, and business automobiles all noticed notable upticks, with early Navratri gross sales signaling a surge in shopper sentiment and seller exercise.
Market observers view this mix of tax reduction and festive momentum as a key driver behind the month’s encouraging numbers, with a number of firms reporting their month-to-month gross sales figures.
Mahindra & Mahindra Ltd., certainly one of India’s distinguished automotive producers, reported complete automobile gross sales of 100,298 items in September 2025, reflecting a development of 16 p.c, together with exports. Home utility automobile gross sales reached 56,233 items in comparison with 51,062 items final September, marking a ten p.c rise, whereas general utility automobile gross sales, together with exports, stood at 58,714 items.
Industrial automobile gross sales within the home market rose 18 p.c to 26,728 items. Whole Exports for the month stood at 4,320 Items in comparison with 3,020 Items in September 2024, marking a 43 p.c improve.
The corporate famous that the mixed results of GST 2.0 and pent-up demand forward of Navratri fueled sturdy dealer-reported retail development within the first 9 days of the pageant. Throughout this era, SUV gross sales surged greater than 60 p.c, whereas business automobile gross sales elevated over 70 p.c in comparison with the identical timeframe final yr. Nonetheless, SUV billing figures for the month had been constrained by restricted trailer availability over the last ten days of September.
Mahindra & Mahindra Ltd has a market capitalization of Rs. 4,30,634.03 crore. The inventory opened at Rs. 3,412.35, with a earlier shut of Rs. 3,426.65, and touched an intraday excessive of Rs. 3,500. This represents an intraday improve of 2.13 p.c from the earlier near the excessive.
Tata Motors Passenger Autos recorded September 2025 as a landmark month, delivering 60,907 items, together with 59,667 home wholesales, marking a 47 p.c year-on-year improve in comparison with 41,313 items in September 2024.
This milestone was complemented by record-breaking performances throughout the corporate’s inexperienced gas portfolio, with electrical automobile gross sales surging greater than 96 p.c YoY to 9,191 items, and CNG automobile gross sales exceeding 17,800 items, reflecting a development of over 105 p.c in comparison with Q2FY25.
The corporate famous that buyer demand remained excessive, significantly following the discount in GST charges, with new bookings doubling within the latter half of the month. The Nexon led the surge, attaining report month-to-month gross sales of over 22,500 items, whereas the Harrier and Safari benefited from the Journey X version launch and a number of powertrain choices, reaching their finest mixed gross sales. The Punch continued to strengthen its place within the compact SUV section.
Tata Motors Passenger Autos additionally reported complete gross sales of 144,397 items in Q2 FY26, a double-digit YoY improve of greater than 10 p.c over Q2 FY25. Electrical automobile gross sales for the quarter jumped 59 p.c YoY to just about 25,000 items, contributing a report 17 p.c to general gross sales. The corporate’s international presence additionally expanded, significantly in South Africa, with exports growing fivefold in comparison with the earlier yr.
Tata Motors Ltd has a market capitalization of Rs. 2,64,442.55 crore. The inventory opened at Rs. 680.60, with a earlier shut of Rs. 680.45, and reached an intraday excessive of Rs. 720. This marks an intraday rise of 5.78 p.c from the earlier near the excessive.
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Maruti Suzuki India Restricted offered a complete of 189,665 items in September 2025, comprising home passenger automobile gross sales of 132,820 items in comparison with 144,962 items in September 2024, marking a decline of 8.3 p.c, gross sales to different OEMs of 11,750 items, and exports of 42,204 items in comparison with 27,728 items in September 2024, marking a development of 52.2 p.c, being a report month-to-month excessive.
Home wholesale figures declined to 147,461 items from 156,999 items in September 2024, a decline of 6 p.c, reflecting logistical constraints in direction of the tip of the month.
Section-wise, mini vehicles together with Alto and S-Presso declined from 10,363 items to 7,208 items, a drop of 30 p.c year-on-year. The compact section, that includes Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, rose from 60,480 items to 66,882 items, marking a rise of 11 p.c.
Utility automobile gross sales, together with Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, Victoris, and XL6, fell from 61,549 items to 48,695 items, a lower of 21 p.c. Vans, together with the EECO, additionally dropped from 11,908 items to 10,035 items, a decline of 16 p.c. The corporate attributed sturdy early-month deliveries throughout Navratri to improved buyer sentiment pushed by the GST reforms.
Maruti Suzuki India Ltd has a market capitalization of Rs. 5,02,138.64 crore. The inventory opened at Rs. 16,029.20, with a earlier shut of Rs. 16,028.55, and recorded an intraday excessive of Rs. 16,099.95, exhibiting an intraday improve of 0.45 p.c from the earlier near the excessive.
Hyundai Motor India Restricted (HMIL) achieved complete gross sales of 70,347 items in September 2025, comprising 51,547 home items and 18,800 exports, up 10 p.c from 64,201 items in September 2024. Home SUV gross sales contributed 37,313 items, attaining the highest-ever penetration of 72.4 p.c in HMIL’s historical past. The VENUE mannequin reached a 20-month excessive with 11,484 items offered, whereas the CRETA recorded 18,861 items, its highest month-to-month tally ever.
In response to HMIL’s Wholetime Director & COO, Mr. Tarun Garg, the GST 2.0 reforms have considerably enhanced each home and export market development, describing the simultaneous surge as “a real double-engine development.
” He highlighted that sturdy festive demand and widespread buyer curiosity have pushed report SUV penetration and notable performances from key fashions, reinforcing HMIL’s place as a strategic international manufacturing hub for Hyundai Motor Firm.
Hyundai Motor India Ltd has a market capitalization of Rs. 2,06,145.74 crore. The inventory opened at Rs. 2,583.65, with a earlier shut of Rs. 2,583.55, and reached a excessive of Rs. 2,601, reflecting an intraday acquire of 0.69 p.c from the earlier near the excessive.
-Manan Gangwar
