GST Rationalization driving volume resilience in otherwise soft Q3: GST 2.0 have had a positive influence on the auto industry and have resulted in improved sentiments in the domestic market. In Q3FY26 PV volumes delivered a record-breaking performance, with sales hitting an all-time high of 1.27 million units, up 20.6% YoY, making it the strongest Q3 on record on the back of festive demand and GST 2.0. Exports also scaled new highs, with PV shipments rising 11.7% YoY to 2,25,000 units in Q3FY26, supported by steady demand across geographies. The current shift in...