Carmakers see drop in sales in August as buyers delay purchases ahead of a proposed GST reform

Maruti Suzuki India volumes remained largely stable, slipping 0.6% YoY to 180,683 units. A strong 40.5% YoY growth in exports was offset by a 7.5% YoY drop in domestic sales. Hyundai Motor India reported a 4.2% YoY decline in PV sales, while Tata Motors’ volumes fell 2.6% YoY to 43,315 units.