The Economic Times

First-time car buyers make a comeback as lower GST boosts small-vehicle demand

First-time car buyers are returning to India's market, increasing their sales share significantly. Lower taxes have revived demand for entry-level passenger vehicles, boosting overall industry growth. Maruti Suzuki and Tata Motors report higher first-time buyer contributions to their sales figures. Entry-level SUV sales also saw substantial year-on-year growth following tax adjustments. This trend indicates a broadening market base and renewed momentum towards mass motorisation.