The on going positive sentiment in the sales of SUV has hit a bump with sales of SUV’s (Sports Utility Vehicles) declining rapidly after the November month of current fiscal. Even the segment leaders like Vitara Brezza and Hyundai‘s Creta couldn’t stand against the hit and witnessed fall in the sales.
In the last five years Indian vehicle market has seen a good surge in the sales of the sales of SUV’s. In the fiscal 2015-16, the share of SUV’s in the total PV’s (passenger Vehicles) was about 21%, this jumped to 25% in the next fiscal. Further, the positive trend continued in the FY2017-18 with SUV’s share jumping to 28%.
But, as per the data of April-January period of current fiscal this share has shrunk to 27.2, alluding to a fall in sales.
Suzuki Vitara Brezza which is the market leader in the Indian SUV segment saw a dip in sales from 14,378 units in November to 9,667 in December. Although a positive bounce back in January sales was seen with 13,172 units sold in the month. The next best performing SUV-Hyundai Creta sold 9,677 units in November; 7,631 in December and 10,034 units in January.
While the overall sales of cars has plummeted since November but the most impacted segment was SUV’s. In January the overall car sales decreased by 2.6% while SUV sales went down by 3.5%. In December, 2% less cars were sold compared to 2.3% less SUV’s in the same month.