India, Nov. 3 -- Maruti Suzuki India Ltd. expects small-car sales to grow faster than SUVs after India's biggest indirect tax reform since 2017 reduced the GST rate on small cars to 18% and increased those for SUVs to 40%.

"The retail sales of vehicles in the 18% GST category are likely to grow faster than those in the 40% category," R.C. Bhargava, chairman of India's largest carmaker, said in a post-earnings media scrum on Friday (31 October 2025), About 70% of the company's production falls in the lower tax bracket, he said.

On Saturday, Maruti Suzuki reported wholesales that grew 10.48% year-on-year to 1,76,318 units in October 2025-the first full month of sales since the GST rationalisation kicked in on 22 September. That, however, ...