December 18, 2025 4:17 PM
India’s passenger vehicle retail sales soar 22% post-GST reforms: report
India’s passenger vehicle industry recorded strong year-on-year growth in both wholesale and retail volumes in November 2025, driven by sustained post-festive demand, recent GST rate cuts and the winter wedding season, according to a report released on Thursday. The report by ratings agency ICRA said retail sales rose 22 per cent year-on-year in November, although they declined 29 per cent compared to October’s festive peak. Wholesale volumes increased 19 per cent year-on-year to 4.1 lakh ...