This paper is published in Volume-10, Issue-5, 2024
Area
Micro-Economics
Author
Yashviraaj Mahajan
Org/Univ
Independent Researcher, India
Pub. Date
26 September, 2024
Paper ID
V10I5-1243
Publisher
Keywords
SUV's, Passenger Vehicles, Automobiles, Growth Of SUV's, Demand of SUV's, Shift To SUV's, Indian Automobile Market

Citationsacebook

IEEE
Yashviraaj Mahajan. Shift of Indian Passenger Vehicles’ Demand to SUV's, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Yashviraaj Mahajan (2024). Shift of Indian Passenger Vehicles’ Demand to SUV's. International Journal of Advance Research, Ideas and Innovations in Technology, 10(5) www.IJARIIT.com.

MLA
Yashviraaj Mahajan. "Shift of Indian Passenger Vehicles’ Demand to SUV's." International Journal of Advance Research, Ideas and Innovations in Technology 10.5 (2024). www.IJARIIT.com.

Abstract

The ever-growing market for passenger vehicles in India is currently going through a phase of increased demand for Sports Utility Vehicles (SUVs). The aim of this research is to analyse the data from previous researches and their conclusions and verify it and drawing our own conclusions through a survey of Indians who have the disposable income available to them for the purchase of passenger cars. The main reasons for this shift were found to be the greater reliability and ground clearance, the higher perceived safety of SUVs in comparison to other vehicles such as sedans and hatchbacks and the growth of hybrids and electric vehicles contributing to the growth of SUVs. For greater ease of understanding, the factors affecting this shift have been further classified into ‘Industry Trends’ and ‘Consumer Understanding’ heads.