Indian SUV market

Last Updated: January 31, 2024, 13:30 ISTMaruti Loses Top Spot In SUV Segment, Mahindra Leads With Higher Growth Rate. (Image source: Reuters) Maruti's SUV dominance peaked in July 2023, but a decline followed, losing market share to Mahindra due to higher production and diverse models.After introducing Fronx and Jimny at the January 2023 Auto Expo, wholesale deliveries of the former began in April 2023, followed by the latter in June.By July, Maruti had risen to the top of the Indian SUV industry, accounting for 25…

In its first month, 800 units, or 18% of Grand Vitara’s sales, came from the hybrid variant. In the Indian SUV market, which clocked around 1.2 million units in FY22, the midsize SUV holds a special place. It has a share of 18%, and is growing. In its first serious entry into this space with the Grand Vitara, Maruti Suzuki sold 4,800 units of the SUV in its debut month of September. Deliveries to customers began on September 26, the first day of the Navratri period, considered auspicious by many Indians. The Grand Vitara…