Connect with us

News

bye bye hatchbacks automotive makers placing the brakes on small vehicles in india

Published

on

bye bye hatchbacks automotive makers placing the brakes on small vehicles in india

Bye bye hatchbacks? automobile makers placing the brakes on small automobiles in India

New Delhi: International automobile corporations are pulling the plug on their hatchback fashions in India because the demand within the small automobile section has come down. Whereas Japanese auto firm Nissan stopped its hatchback mannequin Datsun final month, the ultimate batch of the Volkswagen Polo automobile has been produced. The following to exit of the market could be the Honda Jazz.

With the highest gamers exiting with their hatchbacks and focusing extra on utility automobiles, the competitors can be seen between the highest 3 gamers – Maruti Suzuki, Hyundai Motor India and Tata Motors, For a number of the automotive gamers, their small automobiles are now not interesting to the shoppers, as a substitute, the demand for sport utility automobiles (SUVs) has spiked in current instances.

The SUV gross sales overtook hatchbacks as the biggest section in India within the earlier fiscal 12 months (FY22).

“Hatchbacks are going out of style. There are particular areas of the world (the place) sure shapes have disappeared, so it doesn’t make sense to reinvest,” stated Thomas Schaeffer, the worldwide chief government of Skoda Auto. The automobile producer had not too long ago invested 1 billion euros and is lining up extra for India.

Nissan, which relaunched its Datsun in January 2014 for India, made its method into international locations together with Indonesia, Russia and South Africa. The corporate produced about 470,000 models of the Datsun in its new avatar during the last 7 years worldwide, however could not make a notable mark. The mannequin contributed 2 per cent of its whole gross sales globally in 2016.

The post bye bye hatchbacks automotive makers placing the brakes on small vehicles in india appeared first on India Express Online.

Advertisement

Source: Around the Globe

Advertisement
Click to comment

Leave a Reply

Your email address will not be published.