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India Passenger Vehicle Industry Outlook Report 2021: Growth Opportunities in Increasing Preference for Compact UVs & Connectivity as New USP for OEMs


India Passenger Vehicle Industry Outlook Report 2021: Growth Opportunities in Increasing Preference for Compact UVs & Connectivity as New USP for OEMs
April 15, 2021 06:18 ET
| Source:
Research and Markets
Research and Markets
Dublin, IRELAND
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Currently, the country s passenger vehicle (PV) sector accounts for nearly 7.5% of gross domestic product (GDP) and nearly 49.0% of manufacturing GDP. In the recent past, the Indian PV industry took a massive qualitative jump as vehicles became increasingly safer and environment-friendly, growth fuelled by a mix of policy changes and consumers evolving demands.
This high growth pattern occurred in a short time frame and attracted International automakers to invest in, enter, or expand existing operations in India. ....

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2021 Mahindra XUV500 India launch Details Revealed


2021 Mahindra XUV500 India launch Details Revealed
6th, Apr 2021 5:50 PM
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It is to be determined that the new XUV 500 player in the SUV segment will soon come to launch in the Indian market this year. But so far some newer information has been illustrated towards the upcoming Mahindra SUV in India. In an interview Veejay Nakra, CEO - Auto Division, Mahindra & Mahindra Motors said that the segment will come in 2021 in India along with the launch information through other automotive publications in the country. The new power drift XUV 500 will be launched amid Q2 and Q3 2021.
The 7 seater segment has only a bit amended with respect to the current model. It comes up with the feature of a level-headed yet advanced look, rounded off by elements like a revised grille, new door handles, etc. As for the interior, the Mahindra XUV 500’s cabin will not only get bigger with respect to the present one but indeed it is a classy compact. The company is urged to provide ....

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