Business News: India’s consumer economy witnessed its highest Navratri sales in over a decade, propelled by the Modi government’s NextGen GST reforms that reduced tax rates and made products increasingly accessible. These measures not only lowered prices but moreover unlocked consumer aspirations, enabling families to upgrade vehicles, invest in home appliances, and spend increasingly freely on lifestyle goods, turning festive cheer into record-breaking consumption.
Automobile Sector
Car maker Maruti Suzuki’s Navratri sales grew by 100 per cent, which doubled from last year, and were the weightier overly in at least a decade. Maruti Suzuki reported 150,000 bookings and expects to reach 200,000 bookings. The visitor retailed 85,000 vehicles last Navratri. bMaruti Suzuki moreover delivered a massive batch of 1.65 lakh vehicles in the first 8 days of Navratri. On Day 1 of Navratri, Maruti delivered a record 30,000 cars, its weightier single-day performance in 35 years. Mahindra & Mahindra, which sells popular SUVs such as the XUV700 and Scorpio N, saw retail jump 60% year-on-year. At Hyundai, the surge in demand for models like Creta and Venue pushed SUVs’ share of total sales to over 72%. Showroom footfalls of two-wheeler maker Hero MotoCorp have doubled this Navratri with upper traction in the passenger segment. Tata Motors retailed increasingly than 50,000 vehicles during the festive period, with demand from Altroz, Punch, Nexon and Tiago models. Bajaj Auto moreover reported strong sales during Navratri.
Booming Consumer Electronics Sector
In the consumer electronics space, LG, Haier, and Godrej Appliances reported upper double-digit sales growth this Navratri compared to last year. Haier’s sales soared 85 per cent, nearly selling out its Diwali stock of 85-inch and 100-inch TVs priced whilom Rs 2.5 lakh. The visitor moreover sold 300–350 units of 65-inch TVs daily during the period. Sales at India’s largest retailer, Reliance Retail, grew by 20-25 per cent over last year's Navratri, with categories like large-screen TVs, smartphones, and malleate driving the sales momentum. Electronics retail uniting Vijay Sales moreover saw increasingly than 20 per cent sales growth.
LG Electronics India moreover noted “exponential growth” in sales this Navratri season. By rationalising GST slabs and easing the tax undersong on both essential and aspirational items, the government fostered an environment of confident spending. As a result, brands and retailers reported sales growth ranging from 25% to 100%, marking a major uplift for India’s consumption-driven economy. Importantly, the first half of the festive season, spanning Onam, Durga Puja, and Dussehra, finance for 40–45 per cent of total festive sales, making it the largest consumption period in the country.
