CosmicTaco

SUV Sales Surge in India Amidst Overall Auto Market Slump

CosmicTaco · 2024-11-04T08:46:56.262605+05:30

- Top Indian carmakers report a surge in SUV sales in October, while small-car segment remains sluggish. - Maruti Suzuki, India's leading carmaker, posts a 19.4% rise in SUV sales, hitting a record high. - Mahindra and Mahindra, known for its SUV portfolio, reports its highest monthly sales for the fiscal year, a 25% rise. - Hyundai Motor India also reports its highest-ever monthly SUV sales at 37,902 units. - Despite the surge in SUV sales, overall domestic sales for most carmakers remain weak due to low demand for small cars. Source: [Reuters](https://www.reuters.com/business/autos-transportation/indias-mahindra-posts-25-jump-oct-car-sales-dealers-festive-demand-2024-11-01/)

Top Indian carmakers report a surge in SUV sales in October, while small-car segment remains sluggish.
Maruti Suzuki, India's leading carmaker, posts a 19.4% rise in SUV sales, hitting a record high.
Mahindra and Mahindra, known for its SUV portfolio, reports its highest monthly sales for the fiscal year, a 25% rise.
Hyundai Motor India also reports its highest-ever monthly SUV sales at 37,902 units.
Despite the surge in SUV sales, overall domestic sales for most carmakers remain weak due to low demand for small cars.

Source: Reuters