The fall in sales of small cars and the rise in SUV sales may not be only due to Indians now ditching small cars and preferring to buy SUVs. Due to several factors, carmakers are focusing more on SUVs, making them affordable even if they have to downsize them in different respects, just as small-car segment crumbles under stress.
In percentage terms, sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. Companies mostly report wholesale dispatches from plants to dealerships and not retail sales to customers.
Maruti Suzuki: In percentage terms, sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. Companies mostly report wholesale dispatches from plants to dealerships and not retail sales to customers.
Our road transport minister recently threatened to increase the GST on diesel vehicles, but later retracted his statement. And after saying that 6 airbags will be mandatory, he has now said itÂs voluntary. Such uncertainty hampers long term plans. - Overdrive
Rural Auto Industry: The automotive industry in India as we know today has grown tremendously in the past four decades. Today, car penetration in the country stands at 27 per 1000. Several new companies have joined the bandwagon, a lot more new models were being introduced, and consumer interests have evolved.to higher levels and the urban-rural divide has been narrowing. This article looks at how the auto OEMs are shaping up their rural markets to broaden their customer base and scale up sales.