Suv Segment News Today

Passenger vehicle volumes are expected to grow 5-7% in the next fiscal, driven by the SUV segment. Demand for SUVs has doubled its market share to 60% this fiscal. The preference for SUVs is expected to grow further with new model launches, including electric variants.

Kia Sonet: While the Diesel Model’s total cost of ownership comes out to be 10% lower than the segment average, making it the best in the segment, the Petrol variant emerges as the second best with 4% lower TCO than the segment average, closely following the segment best. Furthermore, the analysis suggested that the Residual value of both models is 3% higher than the segment average while being amongst the best in the segment.

The Avinya platform will spawn “multiple pure EV products to add to this range,” said Chandra. Tata Motors is targeting 10 electric vehicle products in its range by 2027. The decision to go with both ICE conversion as well as pure-EV products is intended to maximise value till the EV market picks up volumes.

Car Sales In September: Car sales in India are expected to reach record highs in September, driven by strong consumer demand during the festive season and the launch of new SUV models. Industry sources predict that car makers will dispatch around 365,000-370,000 units in September, representing a growth of 3-4%. The industry is also set to continue with aggressive dispatches in October and November. While dealers are stocking up for the surge in sales, the underlying demand remains strong.

Car sales in India are expected to reach record highs in September, driven by strong consumer demand during the festive season and the launch of new SUV models. Industry sources predict that car makers will dispatch around 365,000-370,000 units in September, representing a growth of 3-4%. The industry is also set to continue with aggressive dispatches in October and November. While dealers are stocking up for the surge in sales, the underlying demand remains strong.

TVS Motor Company saw its volumes grow 7% y-o-y to 256,619 units in August.

Mercedes-Benz India on Wednesday launched the second generation GLC in India in two variants, GLC 300 4Matic and GLC 220d 4Matic.

The all-new Honda Elevate takes its inspiration from the sixth-generation CR-V and the recently revealed new-gen WR-V

Tesla's Model Y emerges as the world's top-selling vehicle, driven by strong demand in China. Explore the data, Elon Musk's visit, global sales rankings, and Tesla's market expansion plans.

Board to meet on 12 May to consider the first dividend from the company since 2016