03 Nov 2025 | 5 Mins Read
India sees shopping boom after Modi's tax cut
Flipitmoney
Spending during India's month-long festival season from Sept. 22 to Oct. 21 increased 8.5% to 6 trillion rupees ($67.6 billion), driven by a consumption tax cut on over 400 product categories. Sales surged for Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai Motor, and financial service firms, with carmakers seeing a boost in smaller car sales and tractor sales rising by 27% for Mahindra.