Stock Market: Maruti Suzuki Shares Surge to Go Moonwalking
Sixty Maruti Jimny vehicles have been inducted into ITBP (Image credit Maruti)
GST 2.0 tax cut fuels festive auto boom as Maruti Suzuki posts its strongest demand surge in 35 years, delivering 30,000 cars and receiving 80,000 enquiries on Day 1.
By S JHA
MUMBAI, September 23, 2025 — India’s festive auto market has kicked off with unprecedented momentum, led by Maruti Suzuki, which on the first day of GST 2.0 reforms and Navratri delivered 30,000 cars and recorded 80,000 customer enquiries, marking its strongest demand surge in 35 years.
Shares of Maruti Suzuki hit a new lifetime high of ₹16,325, after GST 2.0 reforms reduced taxes on small cars, two-wheelers, and commercial vehicles from 28% to 18%, making vehicles significantly more affordable. The stock later pared gains after profit booking was reported in the auto counters.
Shares of Maruti sharply rose on Tuesday morning to go past the level of ₹16300, a record high for the stock, to become the best performing stock among the largecap carmakers. Shares of Maruti leapt from peers such as Mahindra and Mahindra, and Tata Motors in the Tuesday session in the stock market.
Maruti Suzuki’s Senior Executive Director, Partho Banerjee, told ET Now in an interview: “The response from customers has been phenomenal; something we haven’t seen in the last 35 years.”
Industrywide, the GST cut translated into a massive demand spike. Hyundai reported 11,000 sales on the same day, almost 5–6 times its daily average, while Maruti’s bookings surged 75,000 in a single day, with daily run rates up 50% YoY.
The surge also lifted investor sentiment in auto ancillaries. Analysts highlighted that Bharat Seats, which derives 100% of its revenue from Maruti, and NDR Auto Components, with 70%+ exposure, are key beneficiaries of this demand boom.
Social media buzz captured the scale of the rally. Market analyst Aditya Kondawar noted, “The GST tax reduction made vehicles significantly more affordable… response has been phenomenal.” Investor channels branded it the “#GSTBachatUtsav”, as both Maruti and Hyundai smashed long-held records.
With the festive season just beginning, industry watchers expect this momentum to redefine India’s auto demand curve, positioning GST 2.0 as one of the most transformative tax reforms for consumer demand in decades.
(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)
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