From Maruti to Mahindra, top industry execs say GST 2.0 changed the demand equation

Passenger vehicle demand surged after GST rationalisation, boosting Maruti Suzuki's sales significantly. Mahindra & Mahindra also reported strong growth across its vehicle segments. Improved affordability brought many new buyers into the automotive market. This tax adjustment has driven overall auto retail growth and market expansion. Manufacturers are now accelerating capital expenditure plans due to this positive trend.