Maruti Suzuki’s Vitara Brezza leads the pack in relation to utility car (UV) gross sales, promoting 11,613 items in February, adopted by Hyundai’s Creta at 10,206 items. Nevertheless, UVs, the as soon as flourishing phase within the passenger car (PV) area that was accelerating at a progress fee of near 20 p.c in FY2018, has now come down dramatically. Its total progress till the penultimate month of the continuing fiscal has been pegged at a mere 2.09 p.c.
Utility car gross sales between April 2018 and February 2019 stand at eight,48,240 items (April-February 2018: eight,30,839) and even PVs total have posted a low, single-digit progress fee of three.27 p.c with gross sales of 30,85,640 items (April-February 2018: 2,987,859) throughout the interval.
In February 2019, a complete of 83,245 UVs had been offered, marking three.70 p.c year-on-year progress. A far cry from the heady gross sales of over a 12 months in the past.
Whereas excessive rates of interest is one key issue impacting PV gross sales in city India, a liquidity crunch has hampered gross sales of UVs, most of which come from the agricultural and semi-urban areas. Nevertheless, with upcoming elections, the sub-segment has seen some uptick in February with total gross sales of 83,245 items (February 2018: 80,271) and marginal progress of three.70 p.c.
The SUV phase could also be down however it’s not out for certain and among the luxurious sedan specialists on this planet are taking discover of adjusting shopper preferences. Some OEMs are readying to enter the Indian market with their UV choices. Kia Motors with its SP2i Idea, MG with the Hector and extra instantly, Tata Motors with the seven-seater model of the Harrier are examples.
A have a look at how among the bestselling UVs fared in February
Sustaining its maintain in the marketplace, Maruti Suzuki India’s Vitara Brezza continues to steer the pack of the highest 5 UVs, albeit with gross sales remaining flat at 11,613 items within the month (February 2018: 11,620). The favored crossover has been unfazed by the competitors whereby Ford India's EcoSport and even the well-priced Tata Nexon haven't been in a position to deter the Brezza from its impregnable place available in the market.
The favored compact SUV went on to surpass the four,00,000 items gross sales milestone in February, with the milestone developing in lower than three years of its launch in March 2016. The Vitara Brezza holds a sizeable 44 p.c of the UV market share within the nation.
At No. 2, the Hyundai Creta too maintains its place with gross sales on the uptick and clocking 10,206 items (February 2018: 9,278). Hyundai has just lately added extra options to the favored crossover and has launched a segment-first characteristic of ventilated seats in a brand new top-of-the-line SX Government variant, priced at a premium of round Rs 30,000.
Making a constructive buzz ever since its launch in November 2018, the newest Maruti Ertiga makes its manner into the February tally, ousting the Ford EcoSport. The MPV went on to promote 7,975 items and given its contemporary attraction in a well-balanced new bundle, this Maruti has the potential to set new milestones for the corporate.
At No. four, the rugged Mahindra Bolero drops one place, the liquidity crunch clearly having impacted gross sales of this workhorse. The Bolero offered 7,974 items in February, as in opposition to eight,001 items offered in the identical month final 12 months. Apparently, with new security laws set to kick in from October 2019, Mahindra is within the works to offer a significant replace to the Bolero to ensure that it to adapt to the upcoming crash-and pedestrian-safety norms.
The Toyota Innova Crysta closes the Prime 5 UV tally with an uptick in gross sales volumes, albeit with a drop in a single place. The MPV offered 6,634 items (February 2018: 6,127).