Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra, and Tata Motors all experienced share price growth. The Nifty Auto index saw a 2% increase on September 23rd, closing at 27,720.80 after opening at 27154.30 the previous day.

The BSE Auto index also saw gains. Since the announcement of the new GST rates, BSE Auto has provided investors with a return of over 5%. According to BSE data, BSE Auto stood at 57,730.86 points on September 3rd, rising to 61,946.82 points by September 22nd. This represents an increase of 4,215.96 points. Notably, BSE Auto continued to show positive momentum on September 23rd, with the sector gaining 1,290.15 points and trading at 61,946.82 points.

Since the GST reform announcement on September 4th, four major auto companies in the country have delivered impressive returns. Maruti Suzuki shares have climbed 9.38% between September 3rd and September 23rd. Similarly, Mahindra & Mahindra shares have risen by 12.3%, and Tata Motors shares are up by 2.26%. Hyundai has led in rewarding investors, with its shares increasing by 13.21% since the GST announcement.

Company September 3rd (Close) Share Price September 23rd Share Price (High) Return
Maruti Suzuki 14921 16321 9.38%
Hundai Motor 2514.70 2846.90 13.21%
Mahindra & Mahindra 3284.55 3680 12.03%
Tata Motors 692.15 707.80 2.26%

The implementation of new GST rates on September 22nd led to a decrease in car prices. The first day of Navratri coincided with this, greatly benefiting auto companies. Maruti reported delivering 30,000 vehicles in a single day. Hyundai Motor also experienced a strong start due to GST 2.0 and the festive season. On the first day alone, the company recorded approximately 11,000 dealer billings, the highest single-day figure in the last five years. Tata Motors also managed to sell 10,000 cars on the first day.