Nearly 70% of passenger vehicles sold in India are Utility Vehicles as SUVs drive growth
New Delhi, Oct. 19 -- Nearly seven out of every 10 passenger vehicles sold in India in the year-to-date period of FY2026-27 were utility vehicles, as the segment continued to drive growth in the country's passenger vehicle market, according to a report by JM Financial.
The report highlighted that the passenger vehicle volumes grew 22 per cent year-on-year in September 2026, while growth during April-September 2026 stood at 28 per cent. Utility vehicles remained the main growth driver, with volumes increasing 31 per cent during the year-to-date period, compared with 23 per cent growth in cars.
The strong performance of utility vehicles increased their share of total passenger vehicle volumes to around 68 per cent in FY2026-27 so far, hig...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.