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Auto stocks vroom on record demand on first day of Navratri under new GST regime

Auto stocks surged on Tuesday after bumper Navratri sales under the new GST regime. Maruti Suzuki, Hyundai, Mahindra, Bajaj Auto, TVS Motor, and Tata Motors all gained as buyers flocked to showrooms. The BSE Auto Index rose 0.98 perc to 61,253.50, with Maruti hitting its 52-week high in morning trade.

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Representational Image. File Pic

Representational Image. File Pic

Auto stocks surged on Tuesday after automakers saw bumper sales on the first day of Navratri under the new GST regime.
The sharp spike in bookings for automobiles drove auto stocks higher.

Leading carmakers Maruti Suzuki and Hyundai Motor India on Monday saw bumper sales with buyers queuing up to buy their favourite models at lower price tags under the new GST regime.

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