COMPACT SUV BREZZA
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
Will Mahindra 3XO manage to beat Maruti Brezza and Tata Nexon? Hormazd Sorabjee answers
Hormazd Sorabjee discusses the government's stance on hybrid vehicle incentives and Maruti's strategy. He explains Maruti's proactive approach with hybrid plans, emphasizing the cost-effective series hybrid technology. The discussion touches on the potential impact of government incentives on Maruti's EV and hybrid game. He also talks about the Mahindra 3XO vs Maruti Brezza and TataNexon
M&M's premium valuation to ride on SUV, tractor demand
Mahindra & Mahindra may see an earnings-led upgrade due to encouraging bookings for its newly-launched compact SUV, the XUV 3XO, forecasts of improvement in the tractor segment, and expectations of increased industry volume growth. The company's premium valuation at 23 times one-year forward earnings reflects investor confidence in its market performance.
M&M shares rally 4% after Mahindra launches new SUV to fight Tata Nexon
Shares of Mahindra & Mahindra jumped over 4% on Tuesday to hit a fresh record high of Rs 2,152.15 after the company launched a compact SUV named XUV 3XO in competition with its peers like Tata Nexon, Hyundai Venue and Maruti Suzuki Brezza.
Mahindra XUV 3XO: Expected design specs, pricing, and other details unveiled ahead of launch
Mahindra & Mahindra is launching the Mahindra XUV 3XO, a compact SUV and facelift of the XUV 300, in India on April 29, 2024. The new model boasts updates in design, features, and safety. Expect a revamped exterior with new front and rear designs, inspired by Mahindra's BE SUV lineup. Inside, a new dashboard layout, large touchscreen, and digital instrument cluster provide a modern feel. The XUV 3XO will offer segment-leading features like a panoramic sunroof and advanced connectivity options. With a competitive price starting from Rs 9 lakh (ex-showroom), it aims to compete with popular compact SUVs in India.
Large utility vehicles race past compact cars in growth lane
While compact SUV models - defined as per body type and ground clearance - are driving the surge in the overall passenger vehicle market on account of their larger share in absolute terms, bigger UVs are fast catching up.
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Maruti bets big on SUVs amid rising demand
Mirroring the strategy it once adopted in the passenger car market of straddling all segments with models at multiple price points, Maruti is likely to cover "all white space" in the SUV segment including micro SUVs, compact SUVs, and compact electric SUVs as well as two new four-metre SUV models, which will be pitted against Mahindra & Mahindra's bestselling XUV700 model, said one of the persons aware of the company's plans.
Skoda to tweak products, market strategy ahead of compact SUV launch
The upcoming model will play a crucial role in the Volkswagen Group brand's target to cross the 100,000 unit a year sales milestone by 2026 and attain 5% market share by end of the decade. Skoda Auto India sold 48,755 vehicles in 2023 after record sales of 53,721 units in 2022.
Skoda India to take on Vitara, Brezza with compact SUV launch in 2025
Skoda Auto is set to launch a compact sports utility vehicle (SUV) in India, aiming to tap into the growing demand for "accessible premium" vehicles. The new compact SUV, to be unveiled in a year, is expected to be a significant volume generator for Skoda in India. Skoda Auto India aims to increase its market share to 5% by 2030. The new model will be part of Skoda's strategy to offer tailor-made products for Indian customers.
Top SUV models hit new high, cross 1-lakh sales mark in 2023
India's enduring fascination with SUVs continues to grow, with over 16 passenger vehicle models crossing the 100,000-unit sales mark in 2023, more than half of which were SUVs. The trend is expected to continue as new SUV models prove to be instant hits.
Fantastic four - Hyundai, Tata, M&M and Toyota - fire up Motown, drive into record books
2023 was the third straight year of record sales for Tata Motors, which boasts the widest range of electric vehicles in its portfolio. Sales last year totalled 553,000, "led by its commanding position in the compact SUV segment and strong growth in hatches, despite the hatch segment degrowing at an industry level", said Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.
SUV launches jam sales highway as sedans and hatchbacks take a backseat
The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for the first time. In the overall passenger vehicle segment, though, there have been fewer launches in 2023 than in the pre-pandemic 2019 with hatchbacks and sedans taking a hit, data collated by automotive market research firm Jato Dynamics shows.
Indian auto industry breaks records: 363,733 cars and SUVs sold in September
In percentage terms, sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. Companies mostly report wholesale dispatches from plants to dealerships and not retail sales to customers.
SUV is car of choice for many first-time Indian buyers now
While first-time buyers for compact SUVs like Hyundai Venue account for 40% of the sales of the model, the numbers for mid-sized vehicles such as Maruti Suzuki Grand Vitara and Hyundai Creta stand at 21% and 26% respectively. The proportion of first-time buyers for Maruti Suzuki Brezza stands at 23%. The ratio is higher, at about 30%, for the newly launched Fronx.
Maruti Suzuki Brezza is now less fuel-efficient. Read why
Maruti Suzuki has removed smart hybrid technology from the manual variants of its popular sub-4 meter compact SUV, the Brezza, resulting in a drop in fuel efficiency for the manual version. However, this technology will remain exclusive to the automatic versions. Despite these changes, there have been no price revisions for the Maruti Suzuki Brezza.
Invicto is Maruti Suzuki's big premiumisation leap. Will it be able to reinvent itself?
Maruti Suzuki India Ltd is moving into the premium three-row segment with its latest offering, Invicto. The company is seeking to reinvent itself as a premium brand with Invicto putting the company in an entirely new territory, the above-Rs 20 lakh segment. The increasingly crowded Indian market previously encouraged compact cars, but rising incomes, middle-class adventurism, and demand for premium vehicles have disrupted this.
Maruti Suzuki's SUV sales accelerate
Maruti Suzuki's sales of sport utility vehicles (SUVs) have nearly doubled in the quarter ending June 30, reflecting the strong demand for models like Brezza, Grand Vitara, Fronx, and Jimny. The share of SUVs in Maruti Suzuki's sales increased to 22.4% from 12.6% a year earlier, while the share of small cars dropped from 58.8% to 53.2%.
Compact SUV category has grown to be largest sub-segment in PV industry: Shashank Srivastava, Maruti Suzuki
Remember the compact SUV market last year was about 870,000 out of which about 50,000 only was the lifestyle SUV market. But we do see a trend towards more people coming into this category and surely the addition of this one new model Jimny in this category would add to the numbers overall
Maruti Suzuki expects production loss in Q1; anticipates some relief from July
Maruti Suzuki India expects continuing production loss in the first quarter due to the shortage of electronic components, with relief anticipated in July-September. Last fiscal, Maruti lost 1.7 lakh units due to chip shortage, and it is anticipated that the company will lose numbers in May and June. The carmaker has an order backlog of over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings.
Maruti Suzuki launches new compact SUV Fronx starting from Rs 7.46 lakh
The Maruti Suzuki Fronx compact SUV will be made available in 10 monotone and dual-tone paint schemes. The monotone shades include Arctic White, Splendid Silver, Earthern Brown. The dual-tone colour combinations are Splendid dilver with Blusih Black roof, Opulent Red with Bluish Black roof and Earthern Brown with Bluish Black roof.
Maruti aims for half a million in SUV sales
Maruti Suzuki, India's largest carmaker, aims to sell nearly 500,000 vehicles in FY2023-24 to become the top-selling brand in the Indian sports utility vehicle (SUV) segment. The company plans to double its volumes from the previous year and gain market share in the SUV segment, which currently makes up 40% of passenger vehicle sales in India. Maruti Suzuki already has 194,000 pending orders for its SUV range, including the Brezza. The automaker aims to increase its existing 17.5% market share in the segment to 25% by introducing new products, including compact SUVs Fronx and Jimny.
Maruti Suzuki launches Brezza CNG priced up to Rs 12.05 lakh
The company's S-CNG models currently account for 24 per cent of the overall sales, he added. "And CNG sales for models such as the Ertiga and WagonR account for as high as 57 per cent and 41 per cent of total model sales, respectively," Srivastava stated.
Auto Expo 2023: Maruti Suzuki unveils SUVs Fronx, Jimny to step up fight vs rival Thar
"The off-roader Jimny will attract passionate & professional off-roaders, and SUV customers alike. The JIMNY which was originally launched in global markets in 1970, has been breaking stereotypes the world over thanks to its unique design and all terrain capability, powered by Suzuki’s ALLGRIP PRO (4WD) technology," the company stated in a press release.
Expect substantial increase in SUV market share this fiscal: Maruti Suzuki
"In July we were at 7.1 per cent (market share) in the SUV segment...it increased to 10.8 per cent in August, 13.01 per cent in September and 14.4 per cent in October. So it is showing an increasing trend," Maruti Suzuki India (MSI) Senior Executive Officer Marketing & Sales Shashank Srivastava told PTI in an interaction.
Toyota Kirloskar discontinues Urban Cruiser compact SUV
With registered cumulative wholesales of over 65,000 units, the Urban Cruiser has essentially increased first-time Toyota buyers in Tier II & III markets and helped TKM's efforts of reaching out to new set of customers. The company believes that their strong product line-up will boost their demand in the Indian market.
The Compact Race Gets Crowded! Nexon, Brezza & XUV300 Add To Road Power
A burgeoning middle class with a high disposable income has altered the way India moves. And the credit for this goes, to a large extent, to compact SUVs which have managed to dethrone hatchbacks and a few other old-timers.
Maruti, M&M to gain shares from TaMo, Hyundai in compact SUV: Mitul Shah
“Sentiment is very strong in the passenger vehicle segment though in the case of two-wheelers, there is some issue because of the consumer segment for that category of vehicle is a little price sensitive in terms of vehicle prices as well as operational costs as fuel prices are also at close to record high.”
Venue facelift: New version of Hundai compact hatchback launched; check prices and other details
The new version of Hyundai's compact hatchback Venue, which competes with the likes of Maruti Suzuki Brezza, Tata Motors Nexon, Kia Sonet among others, comes with three powertrain options. The 1.2-litre petrol trim prices start from Rs 7.53 lakh, while the prices of 1-litre turbo petrol begins from Rs 9.99 lakh.
Compact SUVs overtake small cars as India's largest segment in FY22
Compact SUVs are set to overtake premium small cars to become the top-selling segment in the Indian passenger car market this fiscal year ending March 31. More than one in every two passenger vehicles sold in the country now is a utility vehicle, driven by the strong demand for SUVs.
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