Global SUV trend may soon see a shift. Here's why
India, March 6 -- The automotive industry's resilience in recent years amidst various crises can be largely attributed to the popularity and profitability of SUVs. Surpassing electric cars, pickup trucks, and emerging markets, SUVs have emerged as the dominant force in global vehicle sales. They not only drive revenue growth but also significantly contribute to profits. However, the sustainability of this trend and potential threats to this segment are subjects of debate.
In 2021, SUVs accounted for nearly 42 per cent of global new vehicle sales, excluding light commercial vehicles, with approximately 31.9 million units sold worldwide, marking a 13 per cent increase from 2020. This trend is mirrored in India, where SUVs are driving recor...
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