SUVs lifted vehicle product sales in pandemic-ridden 2020
Less than Rs 5 lakh market place, which is carried ahead by a clutch of Maruti Suzuki hatchbacks, Renault Kwid and Hyundai Grand i10 Nios, observed the strong increment as usually. The fascinating pattern was in the SUV current market. As the economic system reopened, it was the SUV segment primary the entrance and delivering good profits figures. New faces along with new popular types from 2020 ended up chartbusters.
The large hits of 2020
Hyundai and Kia were being frontrunners with the greatest-ever SUV revenue throughout segments, clocking 1.80 lakh and 1.35 lakh units in the calendar calendar year. The 2nd-gen Hyundai Creta, which was launched in Q1, was the most-offered SUV in the market place with 96,989 units. Creta was adopted by Kia Seltos with 96,932 models. Maruti Suzuki Vitara Brezza and Hyundai Venue contend neck-and-neck for the 3rd position with 83,846 units and 82,428 models respectively.
Tarun Garg, Director, Gross sales, Marketing and Support, mentioned, “Hyundai has emerged as one of the most favored brand names for SUVs in the place with Creta and Venue primary profits charts. Since their launch, both these manufacturers have long gone on to grow to be domestic names, fascinating the imagination of consumers. In CY 2020 Hyundai topped SUV gross sales charts with 180,237 units.”
Festivities killed nervousness and SUVs ruled the current market
October 2020 was a very good month for the vehicle industry and it also marked the beginning of the festive time. SUVs were the flavour of the season and the Compact SUV segment turned the maximum growing phase in Oct with a Y-o-Y expansion of 60%. Even though the credit history goes to robust volumes shipped by Maruti Suzuki Brezza, Kia Sonet, and Hyundai Location, the reality the pent-up desire was showing up and the Indian buyers were being holding their investments liquid has to be acknowledged as well.
“Currently, our emphasis is on assembly the growing demand for Sonet adopted by Seltos and Carnival. Our product or service tactic is based mostly on what will be relevant to India in the coming several years and our concentration is to comprehensively review and examine the sentiments in the publish-COVID-19 world to approach for the foreseeable future,” explained Tae-Jin Park, Govt Director & Main Product sales Officer – Kia Motors India.
With the SUV section main the pack, the auto field registered a 29.32% growth in November 2020, which provided the 2nd fifty percent of the festive period, the Diwali-Dhanteras time period. From 14,13,549 models sold in Oct, the FADA (Federation of Car Sellers Associations) info confirmed that 18,27,990 units experienced been sold in November.
