Why Are SUV Cars Appealing To Indians? Know What The Report Says On This
The Government of India has also brought schemes like the FAME-2 scheme, a vehicle scrappage policy for the auto industry, which is directly benefiting the auto industry.
The demand for SUV vehicles is increasing in the Indian market at this time, which is why many automakers are paying more attention to the vehicles of this segment. The latest examples of this can be taken from the recently introduced Hyundai Tucson, Toyota Highrider, and Grand Vitara. The Government of India has also brought schemes like the FAME-2 scheme, a vehicle scrappage policy for the auto industry, which is directly benefiting the auto industry.
According to the sales report, there has been a rapid increase in the sales of SUV vehicles. At the same time, it is being speculated that the share of the SUV market can increase by more than 9 percent in the next 7 years and can go up to 2.16 million by the year 2028.
Due to these reasons, SUV is becoming the first choice
The ground clearance of SUV vehicles is very good, while from the front, these vehicles look quite muscular, even an SUV or mid-size SUV is considered to be the best for riding off-road. In terms of pricing too, this sedan sits close to the cars.
The demand for compact SUVs for passenger vehicles is the highest right now. The compact SUV is overtaking the premium hatchback market. Auto experts believe that this segment can lead the market in the coming times. Its market share was 22% in FY16, which further increased to 24% in FY21. However, FY 2022 has not been that special for this segment. Because the sales share of compact SUVs declined to 21 percent.
Overall, if we talk about the entire SUV segment, this segment has registered a growth of 40 percent in the year 2022. A total of 664,000 compact SUV vehicles have been sold in FY 2022.
According to media reports, more than one SUV equipped with advanced features can be launched in the upcoming festive season, some of which will be offered with a hybrid powertrain.