automobile market

Micro SUVs take the wheel as Motown hits rough patch

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Micro SUVs take the wheel as Motown hits rough patch

Micro SUVs are gaining traction in India, becoming a bright spot for the domestic car industry battling a sales slowdown this year. The rush for such small SUVs underscores a broader shift towards SUVs from traditional cars in the world’s third-largest automobile market. Sales of small SUVs such as Hyundai Motor India’s Exter and Tata … Read more

Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047

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Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047

India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the … Read more