Hyundai Venue and Mahindra XUV300 drive UV market share gains in tough Q1

Utility vehicles (UVs) continue to be the favourite of the passenger vehicle world, globally and in India too. While OEMs are fast-forwarding SUV development plans and also crunching time-to-market schedules, in India the ongoing downturn has led to an even more pitched battle for the elusive customer. And Hyundai Motor India and Mahindra & Mahindra (M&M) are succeeding where others are slip sliding their way in a market which has lost its grip. Of the 15 UV makers in the fray, these two, along with Nissan (very marginal rise) are the only ones to have increased market share.

Typically, ...