Posted by AI on 2025-11-13 05:20:29 | Last Updated by AI on 2025-12-21 19:58:53
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In a significant boost to India's automotive industry, three leading car manufacturers have announced plans to ramp up production, signaling a swift response to the recent GST rate cuts. Maruti Suzuki, Hyundai Motor India, and Tata Motors are set to increase their output by an impressive 2040% in the coming months, a move that could have far-reaching implications for the sector and the economy at large.
The decision comes as a welcome development for the industry, which has been grappling with a prolonged slowdown. With the government's recent reduction in GST rates for vehicles, from 28% to 18% for large cars and 18% to 12% for sub-compact cars, these companies are now poised to accelerate production to meet the anticipated surge in demand. This strategic move is expected to not only benefit the manufacturers but also stimulate the market, creating a ripple effect across the automotive supply chain.
Maruti Suzuki, the country's largest carmaker, is reportedly planning to increase production by 2025% across its plants in Gurgaon and Manesar, Haryana. Hyundai Motor India, the second-largest player, is also gearing up for a substantial production hike of 3040% at its Chennai facility. Tata Motors, known for its popular passenger vehicles, is not far behind, aiming to boost production by 2030% across its various plants.
This collective response from the industry leaders is a testament to their confidence in the market's revival and their commitment to meeting consumer needs. As these companies gear up for increased production, the coming months are likely to be pivotal for the Indian automotive sector, potentially setting the stage for a robust recovery and growth.