Maruti Suzuki India to launch four SUVs in two years
The country's largest passenger vehicles manufacturer Maruti SuzukiBSE -1.48 % India is planning to launch four Sports Utility Vehicles (SUVs) over the next two years.
According to ET Now, the company is expected to launch a crossover version of the SX4 sometime next year. Along with that Maruti is also aiming for an XA Alpha launch by 2015. The concept car XA Alpha was first unveiled at the Auto Expo 2012.
The other two models that the auto major is believed to be working on are a sub-4 metre Vitara and an SUV version of the Swift Dzire. These launches will aim to capture the fast growing SUV segment in the country.
Meanwhile Renault SA has found the Goldilocks spot for India's rising middle classes with its Duster compact SUV: just big enough, safe enough and cheap enough to send sales in the South Asian country surging.
In the seven months since it began selling the sport- utility vehicle in July, Renault shipped 27,285 units to India, compared with 3,964 for all its other models for the year ended March.
Indian car buyers bought 57 per cent more SUVs in the first 10 months of the fiscal year, Society of Indian Automobile Manufacturers data show, spurring carmakers to rush new models to showrooms.
It was reported in January that Mahindra & Mahindra, which has launched its premium sports utility vehicle Rexton in India, is still studying the market to find an appropriate time to launch SUV Korando from the SsangYong stable.
M&M has also hiked the capacities of some its best selling brands - Quanto, XUV500 and Rexton. With the increase in capacity for these three products, Mahindra hopes to bring down the waiting period for these popular products and thereby facilitate its customers in getting early deliveries of their products. In addition, the bookings for these brands have been opened across more centres in India.
Mahindra's Quanto has garnered bookings of more than 12000 units within the first two months of its launch while deliveries for the XUV500 are as per schedule. Maruti Suzuki India to launch four SUVs in two years - The Economic Times