Passenger vehicle growth to moderate on weakness in entry level car segment and high base effect ...Middle East

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Passenger vehicle growth to moderate on weakness in entry level car segment and high base effect
New Delhi: Domestic passenger vehicle industry growth is expected to moderate to 4.5% in FY2025E due to weakness in the entry-level car segment and high base effect, Kotak Institutional Equities said in a report. Volume growth is expected to moderate in FY2025E to 4.5% yoy owing to high base effect, receding order book in SUV segments across most of the OEMs, and sustained pressure in demand trends of entry-level hatchback volumes. “We expect the SUV segment to continue to outperform. We expect market share of Maruti Suzuki to decline in FY2025E due to newer launches by competitors across SUV segments whereas we expect Tata Motors to gain market share as it will strengthen its positioning i

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