Auto sector shifts gears to premium models as high segment 2Ws, PVs take over
The Business Guardian|March 27, 2024
The Indian automobile sector is riding high on premiumisation as trends show in two-wheelers and passenger vehicles. A study of model-wise data for twowheelers (2Ws) and PVs for FY24 (year-to-date) shows that the growth in domestic motorcycles has been driven largely by the 125cc and above segments with the 125cc segment up 15 per cent yoy, 150-250cc segment up 22per cent YoY and the 250cc plus segment up 19 per cent YoY. On the other hand, the 100cc segment continues to underperform the industry and is up about 9 per cent.
NIVEDITA MUKHERJEE

For Maruti Suzuki, the Fronx and Grand Vitara models continue to drive UV growth, while for Mahindra and Mahindra's (MM) biggest growth driver in UVs in FY24 has been Scorpio and for Hyundai, the launch of Exter has helped boost volumes in the compact SUV segment without materially cannibalising Venue sales, a report by Motilal Oswal Financial Service showed on Tuesday.

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