India's vehicle retail sales hit an all-time high of about 4 million units in October, driven by strong demand for passenger vehicles and two-wheelers. This surge reflects renewed consumer confidence and economic recovery post-GST reforms.

India's vehicle retail sales in October reached an unprecedented 4 million units, marking a 40.5% year-on-year increase. This surge was primarily driven by a 23% rise in passenger vehicle sales, which totaled 766,918 units, and a record 3,149,846 units in two-wheeler sales. The growth was attributed to pent-up demand, reduced vehicle prices following GST cuts, and strong consumer sentiment during the festive season. Rural markets significantly contributed to this growth, with rural passenger vehicle sales increasing over three times faster than urban sales. The festive period saw a total of 5,238,401 vehicle retails, reflecting heightened consumer activity. Industry experts anticipate that the positive momentum will continue, supported by seasonal demand, new model launches, and favorable economic conditions in rural areas.