India UV market share to increase to 51-53% soon from around 39% in FY21: Report - Economic Times

Research by CRISIL shows that the share of UVs in the overall domestic passenger vehicle (PV) segment increased to 48% in the 9MFY22 from 15% about two decades ago (FY02), around 3,300 bps rise.

The Indian market, which is often seen as a small cars market, has increasingly warmed up to utility vehicles (UVs), and the market share for UVs is only going to increase in the years to come, data … [+2280 chars]

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