Sales of premium SUVs run out of steam as sales drop 18% this fiscal

Sales of premium SUVs run out of steam as sales drop 18% this fiscal

Consumer fatigue for large sport-utility vehicles (SUVs) seems to be setting in, with sales of premium models priced upwards of Rs 20 lakh such as Hyundai Tucson, Toyota Fortuner and Jeep Meridian falling by 18% in the first five months of this fiscal year. The blazing post-pandemic growth of the Indian car industry in the … Read more