The figures are in and they are truly impressive (given the horrible market condition). The Mahindra and Mahindra Scorpio wins the top spot defeating the Renault Duster and the Ford Ecosport. We are actually surprised, we thought that the Eco Sport was very good looking and very well priced and Ford was actually having difficulty in ramping up their production (which is perhaps one reason for lower sales volume). Nevertheless amidst all the extreme gloominess the SUV market has managed to remain in (relatively) better shape.
Unlike FY13, when the utility vehicle (UV) segment was growing by over 50%
to half a million units, the segment has been struggling since the
beginning of FY14 due to constant rise in diesel prices. The UV segment,
between April and February of FY14, posted a decline of 5% year-on-year
to 4.77 lakh unit.
Unlike FY13, when the utility vehicle (UV) segment was growing by over 50%
to half a million units, the segment has been struggling since the
beginning of FY14 due to constant rise in diesel prices. The UV segment,
between April and February of FY14, posted a decline of 5% year-on-year
to 4.77 lakh unit.
regards
