India & The SUV Romance: Will It Stand The Test Of Time? | Mad About Markets | CNBC-TV18

Almost every other car on the road is an SUV and Indian carmakers are launching more and more of these models to cater to the rising demand.

According to Data Bridge, the global sports utility vehicle or SUV market was valued at $34.7 billion in 2021 and is expected to reach $105.25 billion by 2029, registering a CAGR of 14.88 percent between 2022 and 2029.

If you look at other large markets, more than every 5 out of 10 passenger vehicles in the US market are SUVs. In China and Europe, SUV account for 45-48 percent of the total passenger vehicle market and the Indian market is also mirroring the trend in global markets SUVs account for 38 percent of all passenger vehicles in India, and this growth has been phenomenal.

In this episode of Mad About Markets, Shashank Srivastava, executive director of Maruti Suzuk, Tarun Garg, director of sales and marketing at Hyundai Motor India; Gaurav Gupta the Chief Commercial officer of MG Motor India and Bertrand D'souza, Editor in Chief of Overdrive India, speak on the SUV drive in India & what's fuelling its growth. Listen in.

#SUVs #SUVmarketinindia #cnbctv18 #businessnewstoday #businessnewstoday #businessnewsinenglish #sharemarkettoday

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