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While
sedans and small cars dealt with a development of 3% in the previous fiscal,
the sales number of off-roaders grew 21%, the quickest in the individual
suburbanite segment, which additionally incorporates scooters (20% development)
and bikes (14%).
Additionally, the share of SUVs
in general passenger vehicle segment rose to about 30% in FY 2017-18,
contrasted with 14% recorded toward the finish of March 2010.
As per the numbers discharged by
the Society of Indian Automobile Manufacturers (SIAM), 9.2 lakh SUVs were sold
in 2017-18 against 7.6 lakh units in the earlier year. The non-SUV section
(sedans and compact cars), while representing bigger volumes, has been close
dormant as far as development in the segment remained at 21.7 lakh units in
2017-18 against 21 lakh units in 2016-17.
According to the market analysis,
this trend is only going to go up and get stronger as SUVs will continue to
remain favorite for Indian buyers, as SUVs are naturally suited for the Indian
geography with a large road network. Their strong body architecture, higher
seating position and relatively-larger cabin space make them highly desirable
with buyers and thereby companies will keep driving in new models in the market.
Affordability has also led to the
rise in sales of SUVs, though they have always been highly aspirational.
Earlier they were very expensive. With the entry of affordable options, people
have really fallen for them.
While affordability is driving in
volumes for SUVs, the trend is equally strong in premium and luxury categories.
With increase in demand for SUVs
in the market, used automotive industry as well has witnessed the robust demand
in the same segment. Shriram Automall
India Limited (SAMIL), being the
leading name in the country for used vehicle and equipment transaction,
anticipate the customer demand and offers most reliable used SUVs through
remarkably convenient and transparent bidding platforms.
So, what are you waiting for?
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