Utility Vehicle Sales
Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV
The Indian automobile industry grew 19 per cent to Rs 10.22 lakh crore in FY24 driven by a robust growth in the utility and sports utility vehicle (SUV) segment, a report said on Wednesday. The volume grew by 10 per cent during the year, the report by management consulting firm Primus Partners said. A notable shift in the UV and SUV segment was that the volume increased by 23 per cent and price by 16 per cent leading to overall value increase by 39 per cent last fiscal year. The average price increase in this segment was due to general rise in prices, shift to higher segment, shift to hybrid and automatic, popularity of sunroof and shift to electric vehicles (EVs), it said. Indians are preferring higher, more expensive models across segments, and the average price of vehicles is increasing, as per the report. "India is at the forefront in leading the global automobile race, bypassing lower-priced products and creating more value in feature-rich, higher-priced vehicles. Consumer ..
 "Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV")
Utility vehicles log 50% higher exports in May over low base: Siam
The export growth has been led by companies like Hyundai Motor India Ltd (HMIL), Honda Cars India, and Volkswagen India, the data showed.
 "Utility vehicles log 50% higher exports in May over low base: Siam")
Domestic PV wholesales rise 2.6% in July; two-wheelers down 7.2%: Siam
Industry expects 'continued growth', cites economic environment and upcoming festive season
 "Domestic PV wholesales rise 2.6% in July; two-wheelers down 7.2%: Siam")
Utility vehicles sales rise in Dec, demand for entry-level cars muted
Utility vehicles (UV), among the fastest-growing segments, saw a 22.3% rise in sales at Maruti Suzuki India and 62.2% at Mahindra and Mahindra
 "Utility vehicles sales rise in Dec, demand for entry-level cars muted")
Strong utility vehicle growth trajectory to drive M&M's FY23 performance
Revival in tractors, improvement in supply, and margin gains are other key triggers for the auto major
 "Strong utility vehicle growth trajectory to drive M&M's FY23 performance")
Utility vehicle sales buck slowdown trend due to high discounts, launches
Overall car sales, however, dropped 22%: Siam data
 "Utility vehicle sales buck slowdown trend due to high discounts, launches")
Utility vehicle sales skid in Delhi
Jan-Mar sales slip 4%, national volume up 15%
 "Utility vehicle sales skid in Delhi")
