Car companies like Maruti Suzuki, Hyundai and Toyota are preparing to launch their new models. Talking about new cars, preparations are on to launch Maruti Grand Vitara, Toyota Highrider and new Hyundai Tucson around September this year.
FADA President, Vinkesh Gulati said that the last two years have been very bad for the Indian Automobile Sector. Automobile companies had to shut down their production and sales were also down for several months due to the closure of showrooms. Automobile companies and dealers had to bear the direct loss of this.
Sales will increase in the festive season
He said that since the beginning of this year, the sales of vehicles are showing a strong trend. Interestingly, the sales have been increasing despite a steady increase in vehicle prices for the past few months. The automobile market is also not seen to be affected by the rising fuel prices. He said vehicle sales are expected to peak in the coming festive months.
Demand for SUV cars increased
Gulati said SUV cars will dominate the new car models. 90 percent of the new cars to be launched will be SUV models. He said that the number of customers at car dealerships is continuously increasing. Most of these customers are showing interest in buying SUV or compact SUV cars.
At present, there is a long waiting time for the delivery of new cars. However, despite this people are ready to wait 4-6 months for their favorite car. According to the information, delivery of about 6.5 lakh cars is pending in India. This includes 3.5 lakh cars from Maruti and 3 lakh cars from Tata, Mahindra, Hyundai and Toyota to be delivered to the customers.
Two wheeler sales down
The FADA President also said that the stagnant sale of two wheelers is a matter of concern. He said that there are many reasons behind the low sales of two wheelers. Due to the high price of petrol, now it has become expensive to ride bikes and scooters. Apart from this, there has been a huge increase in the prices of the bikes in the last two years. That’s why now people are getting attracted towards electric vehicles. It is economical to drive an electric scooter as compared to a petrol bike or scooter.
Due to the FAME-II subsidy and subsidies given by the state governments, the cost of electric vehicles has come down to almost equal to that of petrol vehicles. The FADA President said that the change from BS-IV to BS-VI has made two wheelers very expensive.