Car Discounts: With significant improvement in supplies, OEMs and dealers stocked up to make the best of the sales during the festive season this year. Experts suggest this is also the time when slow moving models can be sold with festive discounts. Now, since the second half of November there has been a usual post-festive slowdown in demand and bookings. However, the concern occurs as the average PV inventory at the dealerships ranges around 60 days.
Tata Punch has also overtaken Maruti Suzuki Brezza as the second best-seller in the SUV segment last month while Hyundai Exter made it to the list for the first time.
Speaking at the road ministry event on Tuesday, Ward said India has one of the highest fatal road accidents and hence should avoid going the United States way of having more sports utility vehicles (SUVs) as they make the roads less safe for other small car occupants, pedestrians and cyclists
Mahindra received a strong response from buyers during the festive season with sales of 39,981 utility vehicles, helping it post a 32 per cent YoY growth in November 2023.
Global NCAP President: “Increasing growth and demand for SUV’s in India and other countries is a major road safety and environmental challenge, the governments should discourage sale of these big vehicles. In recent years, cars have become heavier, taller and more powerful. Numerous studies have found that SUVs and pick-up vehicles are more deadly to vulnerable road users (VRUs) in almost any crash,” the president David Ward said.