Archive · 19 Sep 2025
Hyundai Sees SUV Growth Post GST Rate Rationalization
Hyundai, an Indian car company, believes small SUVs will become more popular.
The government cut taxes on cars, making them cheaper.
This, plus people wanting nicer cars, is expected to boost sales, especially for small SUVs.
The urban market's positive feeling is expected to increase demand.
From April-July, the segment saw almost 400,000 units sold.
However, they do say that global concerns may impact how fast sales grow.
Hyundai anticipates maximum growth in the small SUV segment.
GST rate rationalization is expected to boost demand.
Small SUVs already make up about 30% of passenger vehicle sales.
The urban market sentiment is expected to drive sales.
Industry volume sales growth may be around 5% Y-o-Y during Sept 2025-March 2026.
- Who
- Hyundai Motor India (HMIL)
- What
- Expects maximum growth in small SUVs
- When
- September 2024 - March 2026
- Where
- India
- Why
- Due to GST rate rationalization and rising customer aspirations
- Company
- Hyundai Motor India
- Segment
- Small SUVs (under 4 metres)
- GST Rate (Small Cars)
- Reduced to 18% from 29-31%
- GST Rate (Large Cars)
- Reduced to 40% from 50%
- Sales (Small SUVs)
- 395,114 units (April-July)