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SUVs Capture 28% of India’s Car Market
Demand for SUV/crossover vehicles in India has reached a record high 28% of the country’s passenger vehicle market.
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Demand for SUV/crossover vehicles in India has reached a record high 28% of the country’s passenger vehicle market.
The Society of Indian Automobile Manufacturers reports that overall new-car sales in India grew 8% to 3.28 million units in the fiscal year ended March 31. During that period, SUV sales surged 21% to 920,000 units. Deliveries of small sedans and hatchbacks, which dominate the Indian market, gained 3%.
SIAM’s data show that SUV sales have rocketed 70% in the past three years. The group anticipates volume will surpass 1 million units in the current fiscal year.
Market leader Maruti Suzuki India Ltd. posted a 14% gain to 1.64 million vehicles in fiscal 2017. Its 50% market share last was the greatest in more than a decade.
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