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SUV surge no bubble; sustained moderate growth likely

Last Updated: Thursday, April 04, 2013, 13:11

According to SIAM data, Passenger Cars segment has shrunk from 78.9 percent in FY11 to 70.6 percent till February 2013. In the same period, UV and multi-purpose vehicles (MPVs) segment has grown from 21.1 to 29.4 percent.

Robust SUV sales to boost passenger car market

Last Updated: Wednesday, April 03, 2013, 12:27

Several new models are scheduled to be launched in the UV space in the near term.