New Delhi, Sept. 22 -- Maruti Suzuki India is stepping up its capital expenditure plans as passenger vehicle demand gains momentum following the GST 2.0 tax rationalisation, the country's largest carmaker said on Tuesday.
Maruti Suzuki MD and CEO Hisashi Takeuchi said the company recorded strong growth in passenger vehicle sales during the April-August 2026 period, with overall volumes rising around 36% year-on-year. The entry-level segment saw an even sharper increase, with sales climbing more than 96% during the period.
Takeuchi attributed the improvement partly to increased affordability following the GST changes. He said the stronger demand highlighted the role of consumer spending in driving economic growth and expanding access to pe...