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India’s passenger vehicle (PV) industry hit a historic high in October 2025, as festive-season enthusiasm and Goods and Services Tax (GST) reforms combined to deliver the sector’s best-ever monthly performance. Domestic wholesales surged 17% Year-on-Year (YoY) to 4.7 lakh units, surpassing January’s previous record of 4.05 lakh vehicles.

The dual tailwinds of the GST rate cut — which reduced taxes on small cars from 28% to 18% — and the festive demand around Dussehra, Dhanteras, and Diwali fuelled this unprecedented momentum. Industry executives said retail sales likely crossed six lakh units during the month, outpacing factory dispatches as vehicles flew off showroom floors.

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