Top 10 trends in passenger vehicles in 2020
26 Dec 2020
1 min read
- PV market has shown robust growth in the past two months, with year-on-year growth rate of 31% in September 2020;
- There is growing adoption of electric vehicles in the Indian market: The EV market is growing rapidly, achieving a growth rate of 44% with about 1 million units sold in FY20;
- The mid-SUV segment has shown the fastest recovery in the post-Covid-19 world: The mid-SUV is the only segment in PVs with a positive CAGR of 27% in post-Covid-19 sales (the combined April to September 2020 sales);