Transport minister Nitin Gadkari, however, on Wednesday said that concerns about E20 are being fuelled by the petroleum lobby
The GST on small cars was reduced to 18% from 28%, owing to which the prices of vehicles have dropped significantly, thereby dragging the sales
Auto stocks - Maruti, Mahindra & Mahindra and Hyundai Motor were in focus on Monday amid price cut buzz on lower GST rates, and have gained up to 49% in FY26. Here's a technical check on auto shares.
In the past one month, the BSE Auto index has outperformed the market by soaring nearly 15 per cent, as compared to 1.4 per cent gain in BSE Sensex.
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Automakers slash prices up to ₹1.56 lakh as GST 2.0 rationalises tax slabs, with Mahindra leading the move ahead of the September 22 deadline
CCL Products, GMDC, Zydus Wellness, Anand Rathi Wealth and Syrma SGS Technologies among others from the BSE 500 and Nifty 500 index also registered new all-time highs in Friday's trading session.
Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.
Auto stocks surged after the GST Council slashed tax rates across the automobile sector. Analysts at Emkay Global pick M&M, Maruti Suzuki, Hero MotoCorp as top auto stocks to buy
Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.
Domestic passenger vehicle sales dropped 7.3% in August to 330,000 units as buyers and automakers awaited GST Council reforms, with Maruti Suzuki and M&M reporting weaker volumes
(Reuters) -India's Mahindra & Mahindra reported its first sales decline over three years in August as the Scorpio SUV maker said it moderated dispatches to dealers as it awaits a government decision on lower consumption tax.
In the past one month, the Nifty Auto index has outperformed the market by soaring 9.5 per cent, as against 0.18 per cent gain in Nifty 50.
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Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M)
Mahindra & Mahindra stock was the top loser among the BSE Sensex, and the BSE Auto index in intra-day deals on Friday owing to profit-taking at the counter.
Festival offers are already running with benefits between ₹1.5 lakh and ₹2 lakh on some models
Move likely to benefit smaller cars which have been under pressure
At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50
During his Independence Day address on August 15, 2025, Prime Minister Narendra Modi announced a potential rationalisation (reduction) of GST rates before Diwali 2025