How Toyota-Suzuki alliance could spell success for their new midsize SUVs in India
With the soon-to-be-launched Toyota Hyryder and Maruti Grand Vitara, the Japanese OEMs are looking to make waves in India’s fast-growing midsize utility vehicle market.
The Indian passenger vehicle market is increasingly banking on SUVs for growth, what with the utility vehicle (UV) segment’s share having already grown to 50 percent and with one out of every two new cars sold today being of this increasingly preferred body style. The UV segment, which saw sales of 1,489,178 units in FY2022, is set for a new record with 737,159 units getting sold in the first five months of FY2023 itself.
While the sub-four-metre compact SUV market remains a top draw, it’s also the midsize SUVs – those in and around the 4.2-metre-length mark – that ...
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