Printed On Jan 02, 2022 09:30:00 AM
The rising recognition of SUVs is a world phenomenon, however one which has picked up in India as properly, notably on account of our street circumstances.
If there may be one car class which has made the auto business, in India and globally, arise and take discover, it’s the Utility Car (UV) or Sports activities UV (SUV) section. Even the pandemic has had far much less of an influence on this section because it did on others.
The reason being not troublesome to fathom. In keeping with the worldwide pattern, the previous few years have seen a surging wave of demand for UVs, notably compact SUVs. Due to this fact, it’s not shocking that almost all passenger car (PV) OEMs have recognised this large potential, and are dashing to introduce new merchandise or strengthen their SUV portfolio.
- UV market share has grown from 16 % in FY2007 to 39 % in FY2021
- Maruti Suzuki and Hyundai have been the 2 largest contributors on this section
- Virtually each second PV at the moment offered in India is an UV
Quantity-crunching UVs since FY2007
In FY2021 (April 2020-March 2021), UV gross sales in India crossed 1,000,000, or 10 lakh items, in a single yr for the primary time. The 10,60,750 items offered had been a 12 % yr on yr (YoY) development over the earlier monetary yr (FY2020’s) 9,41,461 items. The million-unit gross sales mark will simply be breached this yr too because the cumulative April-November 2021 complete was 8,70,894 items – simply 1,29,106 items shy of the million mark – which may have been crossed in December itself.
Quantity crunching 16 years of India UV market gross sales reveals attention-grabbing highlights. From 2,20,306 items in FY2007, the place UVs accounted for 16 % of complete PV gross sales, demand grew massively to 10,60,750 items in FY2021, accounting for 39 % of PV gross sales (27,11,457), up from 34 % in FY2020.
|Utility car gross sales in India over 16 years|
|Fiscal Yr||Utility Autos||Yr-on-Yr Progress %|
Our sister publication, Autocar Skilled’s 16-year UV gross sales information evaluation reveals that from FY2007 to FY2022 (April-November 2021), a complete of 9,30,77,859 items, or 9.Three million UVs, have been offered in India. A better take a look at the statistic-laden desk reveals that whereas the primary 4 million items took 10 years, the subsequent 4 million items halved that to 5 years. What helped, in fact, is the shift in shopper preferences and demand, and the truth that from 25 UV fashions in FY2007, there are over 80 UV fashions in FY2022, and counting.
SUVs: the vehicles for all causes and seasons
The all-encompassing attraction of the SUV is just not troublesome to fathom. Larger and taller than common vehicles, they offer the driving force a greater view of the street forward – essential in a rustic like India. And the raised floor clearance is at all times useful in relation to driving over rugged terrain.
Moreover, being bigger than hatchbacks and a few sedans, in addition they pack ample space for storing. However, massive can be small, as a result of with the appearance of the sub-4-metre compact SUV class in India, these SUVs can simply manoeuvre via dense site visitors and likewise match into tight spots, armed as they’re with driving aids as of late.
Tanking up can be not a massively costly affair because it was with SUVs up to now. Automobiles, and engine improvement specifically, have made large advances over time, which is why SUVs in recent times are each, fuel-efficient and extra eco-friendly.
On the subject of trip and dealing with, SUVs are the car you’d wish to have if you find yourself driving in dangerous climate circumstances or unknown roads. Sizeable weight, larger and wider wheels and strong nature guarantee they ship improved grip and stability. Security is paramount, and as we speak most SUVs include ABS, EBD, ESP and even hill-hold and hill-descent management in some circumstances.
|Utility Car gross sales in India|
|Carmaker||Apr-Nov 2021 (items)||Apr-Nov 2020 (items)||Change||Market Share Apr-Nov 2021 (%)||Market Share Apr-Nov 2020 (%)||Change|
How the OEMs stack up, market share-wise
In a car section the place gross sales are booming, rivalry can solely be intense, which is abundantly seen within the UV market’s share within the April-November 2021 interval (see detailed desk above).
Whereas Maruti Suzuki, the UV market chief with 1,86,734 items has a 21.44 % market share, a hard-charging Hyundai Motor India with 1,62,031 items is shut behind with an 18.61 % share. Mahindra & Mahindra is again at No. Three place with 1,31,434 items and 15.09 %.
Kia Motors India, with 1,18,928 items and a 13.66 % market share, is in fourth place – a exceptional achievement having launched its first product, the Seltos, barely 29 months in the past. A resurgent Tata Motors, with 72,120 items is at ranked fifth with a UV market share of 8.51 %, having doubled it from 4.39 % a yr in the past. Nevertheless, since Tata Motors doesn’t ship in its month-to-month gross sales numbers, this tally may very well be revised.
Issues flip attention-grabbing when Hyundai and Kia’s gross sales and market share are clubbed collectively. With a complete of two,80,959 items offered, the 2 Korean OEMs have the bulk UV market share of 32.26 %.
The large contributors
The UV development story, which has accelerated up to now decade, has its prime performers. A speedy examine at a few of the prime contributors to those gross sales figures up to now 16 years reveals the star performers. These Prime 20 (see information desk beneath), within the interval beneath evaluate, are led by sturdy workhorse Mahindra Bolero, which has, since January 2009, offered over 1,000,000 items (10,73,598). Add FY2007 and FY2008 gross sales and the Bolero’s rely might be much more.
|Prime-selling UVs in India|
|Maruti Suzuki Ertiga||7,07,967|
|Maruti Suzuki Vitara Brezza||6,98,770|
*From Jan 2009-November 2021
It’s the same case with the Toyota Innova, now with the Crysta suffix, which has offered 7,73,806 items, however what’s exceptional, is that the favored Innova MPV is among the costliest autos within the Indian market, whose pricetag has by no means dipped.
Maruti Suzuki and Hyundai Motor India, the present UV market leaders, not surprisingly have a few of the prime contributors to the 9.Three million gross sales determine. These embrace the Maruti Ertiga and Vitara Brezza and the Hyundai Venue and Creta.
Progress outlook: issues can solely get higher
In keeping with world traits, the SUV wave may also proceed in India as customers search for a set of wheels that may do-it-all. Being much less weak to site visitors within the metropolis on account of their muscular construct, and having the inherent functionality to wander anyplace over the weekends, SUVs are more and more being most well-liked for his or her added advantages on Indian roads in comparison with hatchbacks or sedans.
At current, just about each second passenger car (47 %) offered in India is a UV, which is why carmakers are doing all they will to trip the repeatedly rising wave of demand. The general gross sales numbers would have been extra had it not been for the semiconductor disaster, which changed into a gross sales speedbreaker for all car producers.
Now, in CY2022 (January-December, 2022), carmakers will go all out to usher in new SUVs, starting from the Maruti Suzuki Jimny, new Mahindra Scorpio and the facelifted Hyundai Creta, to the luxurious Audi Q3 and Maserati Grecale. Get set to usher in much more thrilling occasions as this booming, however ultra-competitive section will proceed to see the SUV-vival of the fittest.
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