India's micro SUV sales surge 72% in Q1, outpacing overall passenger vehicle sales growth.

India's micro SUV market is booming, with sales soaring 72% in the first four months of the fiscal year, significantly outpacing a 1.8% increase in overall passenger vehicle sales. Models like Hyundai's Exter and Tata's Punch, priced under ₹10 lakh, are driving this growth. This shift reflects rising aspirations among rural buyers and a preference for versatile, affordable SUVs over hatchbacks, leading to an 11% increase in small SUV sales during the same period.

September 14, 2024
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