India’s auto retail grew 2.48% YoY in August, driven by festive demand, but GST concerns slowed momentum.

• Two-wheeler and passenger vehicle sales rose modestly; festive enquiries helped, but floods and GST delays affected customer conversions.
• Commercial vehicles grew 8.55% YoY; tractors surged 30.14% while three-wheelers and construction equipment recorded slight declines.
• September retail is expected to be muted initially due to Shraddh and GST uncertainty, later rising with festive demand and OEM schemes.