Nearly 70% of passenger vehicles sold in India are Utility Vehicles as SUVs drive growth
In FY2026-27, nearly 70% of passenger vehicles sold in India were utility vehicles, according to JM Financial. The segment's volumes grew 31% year-on-year, contributing to a 22% overall increase in passenger vehicle sales in September 2026. This trend underscores the rising dominance of utility vehicles in India's automobile market, with expectations for continued growth during the festive season.