Underneath Rs 5 lakh market, which is carried forward by a clutch of Maruti Suzuki hatchbacks, Renault Kwid and Hyundai Grand i10 Nios, noticed the strong increment as generally. The fascinating development was in the SUV sector. As the financial system reopened, it was the SUV phase major the entrance and providing great sales figures. New faces along with new common kinds from 2020 had been chartbusters.
The significant hits of 2020
Hyundai and Kia were frontrunners with the optimum-at any time SUV income throughout segments, clocking 1.80 lakh and 1.35 lakh units in the calendar year. The second-gen Hyundai Creta, which was launched in Q1, was the most-marketed SUV in the marketplace with 96,989 models. Creta was followed by Kia Seltos with 96,932 units. Maruti Suzuki Vitara Brezza and Hyundai Location contend neck-and-neck for the 3rd placement with 83,846 units and 82,428 models respectively.
Tarun Garg, Director, Product sales, Marketing and Service, explained, “Hyundai has emerged as one particular of the most most well-liked models for SUVs in the region with Creta and Location leading revenue charts. Due to the fact their start, each these manufacturers have long gone on to grow to be domestic names, charming the imagination of potential buyers. In CY 2020 Hyundai topped SUV sales charts with 180,237 models.”
Festivities killed panic and SUVs ruled the market
October 2020 was a excellent month for the auto industry and it also marked the commencing of the festive time. SUVs ended up the flavour of the time and the Compact SUV phase grew to become the greatest developing section in October with a Y-o-Y expansion of 60%. When the credit goes to strong volumes shipped by Maruti Suzuki Brezza, Kia Sonet, and Hyundai Venue, the truth the pent-up need was exhibiting up and the Indian shoppers were being maintaining their investments liquid has to be acknowledged way too.
“Currently, our concentrate is on assembly the expanding need for Sonet followed by Seltos and Carnival. Our item method is based on what will be suitable to India in the coming many years and our focus is to thoroughly research and assess the sentiments in the write-up-COVID-19 planet to approach for the foreseeable future,” explained Tae-Jin Park, Govt Director & Chief Gross sales Officer – Kia Motors India.
With the SUV segment leading the pack, the auto marketplace registered a 29.32% progress in November 2020, which included the 2nd fifty percent of the festive period, the Diwali-Dhanteras period of time. From 14,13,549 units bought in October, the FADA (Federation of Auto Dealers Associations) details showed that 18,27,990 units had been bought in November.