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The Economic Times
The Economic Times

From Maruti to Mahindra, top industry execs say GST 2.0 changed the demand equation

Maruti Suzuki Hisashi Takeuchi

India's top carmaker Maruti Suzuki is looking to ramp-up capital expenditure, fueled by a surge in passenger vehicle demand after GST 2.0 rationalisation came into effect a year ago, Hisashi Takeuchi, MD and CEO of the company said on Tuesday.

Maruti Suzuki's passenger vehicle sales grew around 36% on-year between April to August 2026, while sales in its entry segment rose more-than 96% during the period, Takeuchi said.

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