Saturday, June 3, 2023

In demand race, big cars outpace other segments

Sales of SUVs and multi-purpose vehicles (MPVs) exceeding 4 metres in length now make up at least 10% in volume terms even at compact-car makers such as Maruti Suzuki. The share of sub-4 metre vehicles, which enjoy policy preference from a taxation standpoint to encourage car ownership, has shrunk 6 percentage points in three years to 72%.

from Auto-Industry-Economic Times https://ift.tt/dBoHw9Y

No comments:

Post a Comment

Tesla's entry will help grow EV market in India, not worried about competition: BMW

BMW Group India remains optimistic about the EV market, viewing Tesla’s entry as a growth catalyst. CEO Vikram Pawah says competition boosts...