Tata, Toyota, Hyundai and FCA India increase UV market share in H1 FY2019
Utility vehicles continue to account for a fourth of the overall passenger vehicle market but growth is slowing down in a time of steep fuel prices. We take a close look at the UV market’s performance between April-September 2018.
16 Oct 2018
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Utility Vehicles (UVs) have been the growth drivers for the overall passenger vehicle (PV) segment for over two years now. In FY2018, UVs clocked handsome 20.97 percent year-on-year growth with sales of 921,780 units. Clearly the segment has come a long way since FY2015, when Indian UV sales totalled 525,942 units (-5.01%). From recording growth of 5.30 percent in FY2015, 6.25 percent in FY2016, the segment notched 29.91 percent growth in FY2017, a year when compact SUVs became the talk of the town.
With apex industry body SIAM having revealed the sales numbers for the first half of ...
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