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    Carmakers in India Are Making More Revenue Per Vehicle, Across Categories - The Economic Times

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    Carmakers in India are generating more revenue per vehicle across categories due to higher prices and a shift toward SUVs. While overall sales volumes have declined, companies like Maruti Suzuki and Tata Motors have seen revenues hold steady or double since 2019 due to price increases. Lower-volume brands such as Hyundai and Kia have also boosted revenue per vehicle thanks to consumers opting for pricier models and SUVs.

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    Carmakers in India Are Making More Revenue Per Vehicle, Across Categories - The Economic Times

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    Carmakers in India are generating more revenue per vehicle across categories due to higher prices and a shift toward SUVs. While overall sales volumes have declined, companies like Maruti Suzuki and Tata Motors have seen revenues hold steady or double since 2019 due to price increases. Lower-volume brands such as Hyundai and Kia have also boosted revenue per vehicle thanks to consumers opting for pricier models and SUVs.

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    Carmakers in India are making more revenue per vehicle, across categories - The Economic Times

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    Carmakers in India are generating more revenue per vehicle across categories due to higher prices and a shift toward SUVs. While overall sales volumes have declined, companies like Maruti Suzuki and Tata Motors have seen revenues hold steady or double since 2019 due to price increases. Lower-volume brands such as Hyundai and Kia have also boosted revenue per vehicle thanks to consumers opting for pricier models and SUVs.

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    4 views3 pages

    Carmakers in India Are Making More Revenue Per Vehicle, Across Categories - The Economic Times

    Uploaded by

    Star
    Carmakers in India are generating more revenue per vehicle across categories due to higher prices and a shift toward SUVs. While overall sales volumes have declined, companies like Maruti Suzuki and Tata Motors have seen revenues hold steady or double since 2019 due to price increases. Lower-volume brands such as Hyundai and Kia have also boosted revenue per vehicle thanks to consumers opting for pricier models and SUVs.

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    7/13/22, 12:57 PM Carmakers in India are making more revenue per vehicle, across categories - The Economic Times

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    Business News › Industry › Auto › Auto News › Carmakers in India are making more revenue per vehicle, across categories

    Breaking News: Rupee hits record low for a third straight session

    Carmakers in India are making more revenue per


    vehicle, across categories
    ET Bureau Last Updated: Jul 12, 2022, 05:35 PM IST
    SHARE FONT SIZE SAVE PRINT COMMENT

    Synopsis

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    In FY22, Maruti Suzuki, despite selling 11% lower volumes than in FY19, had delivered

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    almost similar revenue, whereas Tata Motors, which has a strong tailwind in its volumes,
    saw its revenue double since FY19, even as the volumes grew 76%.

    The total industry volume for the


    Reuters

    passenger vehicle market must have


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    dropped to a decade low over the last
    few years, but higher price realizations
    have meant revenues for top car makers
    Finance
    have returned to pre-Covid levels.


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    The shift towards higher-priced
    vehicles and SUVs has meant that the
    lower market share companies such as Hyundai and Kia are making more
    revenue per vehicle.


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    In FY22, Maruti Suzuki NSE 0.49 % , despite selling 11% lower volumes than
    in FY19, had delivered almost similar revenue, whereas Tata Motors
    NSE -0.36 % , which has a strong tailwind in its volumes, saw its revenue
    double since FY19, even as the volumes grew 76%.

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    7/13/22, 12:57 PM Carmakers in India are making more revenue per vehicle, across categories - The Economic Times


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    https://economictimes.indiatimes.com/industry/auto/auto-news/carmakers-in-india-are-making-more-revenue-per-vehicle-across-categories/article… 2/7
    7/13/22, 12:57 PM Carmakers in India are making more revenue per vehicle, across categories - The Economic Times


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