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Sales of Indian SUVs soar

Tuesday, 2 January 2024



BENGALURU, Jan 1 (Reuters): Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday.
While entry-level vehicles remain a millstone around automobile makers' necks, they have benefited from the sales of premium vehicles, catering to a more well-off demographic largely unaffected by inflation.
Maruti Suzuki and Mahindra & Mahindra reported domestic SUV sales growth of 24% and 39%, respectively.
Indian carmakers' SUV segment has benefitted from strong demand through the last year.