Mumbai, Oct. 14 -- The said growth was driven by outlet additions in the previous year and strong demand in the Navratra period. The government made an announcement of reduction in GST rates mid-August which was to be implemented from 22 Sept'25. The growth was achieved even though many purchases were postponed during the above period. The reduction of GST on all ICE cars is a pathbreaking measure which bodes well for the revival of demand on a sustained basis.

Revenue from vehicle sales (including agency sales & pre-owned vehicle sales) stood at Rs 1,403 crore in Q2 FY26, registering the growth of 35.03% compared with Rs 1,039 crore posted in same quarter last year.

Revenue from after-sales service and spare parts and others segments j...