Festive season, SUV demand drive auto sales to record high at 3.6 lakh units in August
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
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EVs to be 20% of car sales in India by 2030: Kia India's Sohn
"We expect EVs to contribute around 20% of our sales in India by 2030," says Sohn
Death of the Sedan
As customers take to SUVs and EV transition picks up speed, the good-old sedan sees a drastic dip in sales.
SUVs demand to surpass over 3 mn units in domestic auto industry by 2030: S&P Global Mobility
The total sales of light passenger vehicles are expected to grow to 6.1 million units in 2030 from 4.4 million in 2020
SUV drives domestic passenger vehicle sales to 3.52 lakh units in July
Notably, the wholesale in the automobile industry stood at 3,52,000 units as against 3,19,500 retail sales in July.
Mid-size SUV segment to grow at twice the pace of industry: Kia India's Brar
The company is betting heavily on its SUV portfolio to expand its market share to 10% from the existing 7%
PVs contributed 57% of auto sector's revenue in FY23: Primus Partners
Amongst passenger vehicles, the medium-sized SUV (sports utility vehicles) segment contributed 39% in value to ₹1.98 lakh crore with its market share growing from 10% in 2013 to 38% in 2023.
From cruise control to electric sunroof; Hyundai reveals SUV Exter's tech-advanced features
The bookings of Hyundai Exter have already started across Hyundai dealerships or online at ₹11,000.
Video: SUV brands fight it out in India
Covid-19 has battered the Indian auto industry, sending many big players reeling. The only light at the end of the tunnel, however, has been the SUV segment.
Mercedes-Benz to launch 10 EVs in India
MD and CEO Martin Schwenk says he wants to cater to all segments—from an electric car to a super sports car, to SUVs, to the limousine.
