Winners and losers in the SUV market share game
The SUV segment has been a mover and shaker in the overall PV market in India and globally. Here's looking at how Indian OEMs stack up on the UV market share front.
14 Mar 2018
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The surge of consumer demand for SUVs is getting stronger by the day. For the first 11 months of FY2018 (April 2017-February 2018), a total of 830,334 UVs have been sold in India (+21.34%), accounting for 27.79 percent of the overall passenger vehicle (PV) market which saw total sales of 2,987,259 units (+8.4%). Every fourth PV sold in the country is an SUV and this segment is gradually eating into PV sales.
February 2018 was a stellar month for UVs – a total of 80,254 units went home to new owners, posting year-on-year growth of 21.82 percent and accounting ...
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