INDIA
Global Crossover Trend
Europe’s Crossover craze finds echoes in India’s slipping car market
Published: Mon, 04 Feb 2013 18:55:43 GMT
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Even the most casual glance at last year’s Indian car market points to some interesting similarities with recent car sales developments in West Europe’s ebbing new car market: consumers’ seemingly unwavering fondness for the industry’s latest SUV-Crossovers.

While India’s overall car buying public appears to have lost much of its earlier displayed willingness to take on new debt at a time of flagging consumer confidence, to some the SUV-Crossover segment appears to have lost little of its earlier attraction.

Popularity of SUV-Crossovers has fired traders imaginations

Signs that India’s car buying taste is changing are easily identified.

While last year’s sales of Maruti’s top-selling Alto dropped almost 8 per cent to some 286,800 units, accompanied by a fall of almost 9 per cent from Maruti’s Wagon R, most SUV-Crossover posted substantial sales gains...more

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