New Delhi, Dec. 11 -- After a dull performance over much of 2025, India's passenger vehicle market has finally begun showing signs of life, with October and November bringing welcome relief to the struggling segment.
The turnaround began in October, when the 42-day festive period combined with significant GST cuts sparked a 14% year-on-year jump in passenger vehicle registrations. The GST council's decision to slash rates on certain types of cars from 28% to 18%, which substantially reduced the total tax burden including cess, helped boost monthly car sales.
But the real surprise came in November, which saw even stronger 27.2% growth, according to a Mint analysis of the road transport ministry's Vahan dashboard, which tracks vehicle reg...
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