Passenger vehicle volume to rise by 5-7%, touch new peak in

Passenger vehicle volume to rise by 5-7%, touch new peak in next fiscal: Report, ET Auto

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.

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