The market for mid-size SUVs is growing rapidly, which is forcing automakers to introduce new models in the category in order to take a fair share of the market share. Soon, the Mahindra XUV300 facelift, 2022 Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, Hyundai Venue N Line, and will join the competition. These previously mentioned models are soon to be released. Additionally, it is evident from these new models that consumers want to buy more than just conventional cars. For example, strong hybrid versions of the Grand Vitara and Hyryder are seeing significant bookings, while the Venue N Line will be a sportier SUV.
The Society of Automobile Manufacturers estimates that between April and July 2022, 2.96 lakh utility vehicles with a length under four metres and a price under Rs 20 lakh were sold. In the same period last year, there were 212,758 units sold. 601,662 units of utility vehicles were sold overall during the time period under consideration. Shashank Srivastava, Senior Executive Director of Marketing & Sales at Maruti Suzuki, estimates that the number of vehicles sold in India last year totaled roughly 5.4 lakh, or about 18% of the total automobile market. He had stated that starting the following month, Nexa showrooms would begin selling Maruti Suzuki's brand-new Grand Vitara. The market for diesel SUVs will decrease from its current 51%, according to Srivastava.
Toyota Kirloskar will shortly introduce its hybrid SUV, the Hyryder. The model will leave its Karnataka manufacturing facility. Due to longer wait times, Toyota Kirloskar has announced that it would temporarily halt accepting booking requests for the Innova Crysta diesel. The business claimed it was working hard to get the model to individuals who had already made reservations. Orders for the Innova Crysta with a gasoline engine will still be accepted by Toyota Kirloskar. Hyundai Motor India, the country's second-largest automaker, will introduce the Venue N Line and has begun taking reservations for the vehicle.