New Delhi, Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 … Read more
Sales of cars, sedans and utility vehicles in the local market rose by about 2% last month, on a high base, with manufacturers dispatching around 338,341 vehicles from factories to meet customers demand. Automakers had sold 332,468 passenger vehicles a year ago in April 2023. Car sales had grown by 9.5% to 368,086 units a … Read more
New Delhi: Maruti Suzuki India, the country’s largest carmaker, Friday reported record revenue, profit and vehicle sales for the quarter as well as the financial year ended March, helped by robust demand for higher-margin sport utility vehicles (SUVs). Lower commodity prices and a cost-cutting drive also aided the financials of the carmaker which has popular … Read more
Passenger vehicle wholesales in India saw an 8.4 per cent increase, reaching 42,18,746 units in the financial year 2023-24, as per SIAM data released on Friday. In FY23, the overall passenger vehicle dispatches were recorded at 38,90,114 units. Moreover, overall vehicle sales climbed by 12.5 per cent to 2,38,53,463 units in FY24 as against 2,12,04,846 … Read more
New Delhi: Sports utility vehicles (SUVs) are wildly popular in India, with the segment now accounting for every second car sold. But going by the official definition of an SUV, such vehicles account for only about a 10th of the total sales volume. That’s because just a third of the 47 models with SUV branding … Read more
Small cars may stage a comeback by 2026 as the income of customers at the entry level rises and scooter and motorcycle owners start upgrading, Maruti Suzuki chairman RC Bhargava told ET in an interview. He dismissed the argument that two-wheeler and first-time car buyers have become aspirational and are leapfrogging to mid-sized cars and … Read more
Car sales in the local market in the last financial year grew by nearly 9% to a record 4.23 million units amid improved supplies and sustained customer demand, cementing India’s position as the third largest market for passenger vehicles in the world. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to … Read more
Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The … Read more
The overall demand for cars in India will continue downward trajectory in the upcoming financial year, even as SUV thirst is likely to push passenger vehicle (PV) sales to record high, a report showed on Monday. Sport utility vehicles (SUVs) are likely to propel overall PV volumes to record high at 5-7 per cent in … Read more
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 … Read more
