Revving Up: Carmakers Surge with Record April Sales

Carmakers, including major firms like Maruti Suzuki and Hyundai, experienced a robust start to the fiscal year with a 27% increase in domestic passenger vehicle sales in April. Despite concerns over petrol prices, boosts from GST reforms, tax relief, and repo rate cuts have propelled the industry's growth.

The car manufacturing industry has begun the new fiscal year with a remarkable performance, reporting an estimated 4.5 lakh units of passenger vehicles sold domestically in April. This marks a 27% growth compared to the previous year, with companies like Maruti Suzuki, Hyundai, and Kia achieving record sales.

Maruti Suzuki India reported its highest-ever domestic sales of 1,91,122 units in April, shattering previous records from December 2025. The company's small car segment, featuring models like Alto and WagonR, saw a considerable 74.4% increase in sales. Senior Executive Officer, Partho Banerjee, attributed this growth to ongoing benefits from GST 2.0, as well as recent tax reliefs and repo rate reductions.

Other industry players, such as Tata Motors and Mahindra & Mahindra, also recorded impressive year-on-year sales growth, attributed to positive fiscal policies. Meanwhile, Hyundai and Kia reported their highest April sales figures, driven by updated models and customer enthusiasm. Despite potential challenges, such as petrol price hikes, the market remains optimistic.