The demand for SUVs in the passenger vehicle (PV) market continued its upward trend in April 2023. The SUV segment dominated the market, with more than 157,000 units dispatched to dealerships by OEMs, resulting in a market share of over 47%. This is a 4% increase from the previous fiscal year.
The PV market recorded a significant increase of 13% in April 2023, selling 331,747 units compared to the same month in the previous year. Industry experts predict that the market share for SUVs could continue to rise and plateau at around 48-49%.
Let's take a look at the top 5 SUVs that ruled the sales charts in April 2023:
Tata Nexon - Leading the Way
The Tata Nexon remained the top-selling SUV, with 15,002 units sold in April 2023. The Nexon has been a consistent performer and has emerged as the most popular choice among buyers in the SUV segment. Its powerful engine, modern features, and stylish design make it a great value-for-money proposition.
Hyundai Creta - A Close Second
The Hyundai Creta was the second-best-selling SUV in April 2023, with 14,186 units sold. The Creta has been a popular choice among buyers since its launch and is known for its comfort, safety features, and spacious interiors.
Maruti Suzuki Brezza - Going Strong
The Maruti Suzuki Brezza continues to be a strong contender in the SUV segment, with 11,836 units sold in April 2023. Its reliability, fuel efficiency, and affordable pricing make it a top pick for buyers looking for a practical and economical SUV.
Tata Punch - Punching Above its Weight
The Tata Punch continues to make a mark in the SUV segment, with 10,934 units sold in April 2023. The Punch has a unique and sporty design, and its powerful engine and feature-packed interiors make it a value-for-money proposition.
Hyundai Venue - Keeping up the Pace
The Hyundai Venue has been a popular choice among buyers, with 10,342 units sold in April 2023. Its compact size, modern features, and stylish design make it a great pick for urban buyers looking for a stylish and efficient SUV.
SUVs continued their dominance in the PV market in April 2023, and the trend is expected to continue. The Tata Nexon emerged as the top-selling SUV, followed closely by the Hyundai Creta and the Maruti Suzuki Brezza. The Tata Punch and Hyundai Venue also put up impressive numbers and continue to be popular choices among buyers. As the demand for SUVs continues to rise, it will be interesting to see how the competition in the segment evolves.
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