maruti suzuki: 7-seater models riding high on boost from Indian families
ADVERTISEMENT
ADVERTISEMENT
Mumbai: Seating capacity matters when Indians choose their sport or multi-utility vehicle.Whether it's for accommodating visiting grandparents, planning weekend getaways with the extended family, or simply enjoying extra comfort during long commutes, Indians are increasingly looking for space and flexibility in their personal vehicles. And seven-seaters are often the default choice when they are shopping for a large SUV or an MPV.In the segment for SUVs that are 4.5 meters or longer, seven-seaters now account for 78% of sales, up from 58% in 2022, even as the share of five-seater SUVs shrank to 18% from 43%, show data from auto-motive analytics and intelligence firm Jato Dynamics In MPVS longer than 4.0 meters, seven-seaters command 86% of the market. It's not just the big joint families that are buying these vehicles that can accommodate more people. Even smaller, nuclear families are now choosing seven-seaters for their flexibility, whether it's accommodating guests or embarking on long road journeys, said Nalinikanth Gollagunta, chief executive of the Automotive Division at M&M, the manufacturer of the Scorpio and XUV 700 SUVs.Partho Banerjee, senior executive officer at Maruti Suzuki , said young buyers are increasingly choosing MPVs for evolving family needs and versatility.'The average age for one of our highest selling MPVs, Ertiga (a seven-seater), has fallen from 40 years to 37 years as per internal data in the last five years,' he said.The seven-seater models make up nearly the entire MPV portfolio for Maruti Suzuki with Ertiga leading the segment. The seven-seater trend reflects a deeper lifestyle evolution, said Ravi Bhatia, president Jato Dynamics. 'This shift in configuration demand is not cyclical, it's structural.'While SUVs continue to dominate sales, consumers, especially families, are also increasingly considering the space and flexibility that MPVs offer. They now account for 11% of the auto industry sales volume compared with 8% in FY22.MPVs are also becoming more feature-rich, attracting younger buyers too.Hardeep Singh Brar, senior vice president and national head of sales and marketing at Kia India, said its MPV Carens offers features typically reserved for SUVs, like connected car technology, ventilated seats and a sunroof. MPVs now account for 25-27% of Kia's sales in India, he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Shades of grey: Inside the world of pre-IPO trading
The grey market in equity trading is in the limelight after retail investors were taken to the cleaners during the mega ₹12,500-crore initial public offering (IPO) of HDB Financial Services—among the most sought-after. Mint takes a look at this dark corner of Dalal Street. What is the grey market in equities? It's the unofficial market where stocks are bought and sold before they complete the IPO process and are officially listed on exchanges. This market is not regulated by any official body like the Securities and Exchange Board of India (Sebi), and business is done without the involvement of recognized stock exchanges like the NSE or BSE. There is no digital bookkeeping. Transactions are conducted in cash, often with dealers exchanging small slips of paper. Some websites and online forums allow investors to trade in the grey market, though the primary functioning remains via word of mouth and mutual trust. What is grey market premium (GMP)? GMP refers to the difference between the issue price of an IPO and the price at which the shares are being traded in the grey market. A high GMP means investors are willing to pay a premium for the shares, reflecting optimism about the firm (or the listing). The GMP has emerged as among the most keenly tracked metrics for assessing IPOs, but this should not be taken as gospel truth. HDB Financial shares were changing hands for ₹1,225 and above in the grey market. However, the firm later set the upper end of the price band at ₹740—resulting in a 40% plunge in the GMP, jolting investors. What are the types of trading in this market? In share-based deals, a seller agrees to sell shares allotted to them at an agreed price. Application-based deals are of two types. First, 'kostak rate'—the amount a grey market participant pays to someone selling his IPO application. The applicant gets the money irrespective of whether he gets the shares. Second, 'subject to sauda': payout occurs only if the seller is allotted shares. Do such markets exist only in India? No. Pre-IPO shares are traded in many markets, including Wall Street, but the process is more streamlined. In many cases, only accredited investors can deal in unlisted shares. In the US, retail investors can use a number of dedicated online platforms to buy and sell unlisted shares. Major brokers also provide access to pre-IPO shares to high-value clients. Sometimes there is a minimum investment criteria. There are also some exchange-traded funds (ETFs) which invest in privately held companies. How should Indians approach this market? Most experts recommend retail investors steer clear of the grey market due to the risks. The short supply of pre-IPO shares, which are held by a small group of insiders, makes the market extremely illiquid, which means prices can swing wildly—an impediment to valuing a company reasonably. The GMP of an issue should not be the sole criteria for deciding whether to apply for an IPO. However, when paired with other sources of credible information, it can aid investors' decision-making process.
Time of India
3 hours ago
- Time of India
Scorpio Daily Horoscope Today, June 30, 2025: Your healing becomes someone else's light
Today brings a chance to see that what you've struggled with may now become something that helps others. A quiet shift is happening within you—a release of old pain, a new sense of peace. You are not who you were yesterday. Let yourself honour this transformation. The day invites you to reflect, not react. You may notice your responses changing—and this is growth. Let life be more about healing today than hustling. What you've healed becomes your quiet strength. Scorpio Love Horoscope Today In love, emotional depth becomes your gift today. If you're in a relationship, share something you once kept hidden. Vulnerability creates real connection. If you're single, let your past pains be lessons, not barriers. Someone may be drawn to your quiet wisdom. Don't perform love—be love. Speak kindly, listen gently. You have a unique way of making people feel seen. Today, allow love to meet you in your truth, not in your perfection. The right hearts understand your depth. Scorpio Career Horoscope Today Career-wise, this is a day to trust your inner compass. You may receive feedback that feels personal—breathe and reflect. Not every opinion deserves your energy. Focus on what feels meaningful. A project you've been healing from—a past disappointment or missed chance—could now turn into inspiration. Share your learnings, not just your results. Your story has value in the workplace too. This is a day to lead with quiet authority and show that strength doesn't always shout. Scorpio Money Horoscope Today Financially, healing your relationship with money begins with forgiveness. You might remember a past mistake—an impulsive purchase or lost investment. Today, forgive yourself and move forward with clarity. Avoid emotional spending. Instead, make one small decision that builds your future. A wise purchase or saved amount, no matter how small, can bring back your confidence. Money responds best to care, not fear. Let your wealth journey reflect your healing—step by step, choice by choice. Scorpio Health Horoscope Today Health may feel sensitive today, especially in the lower back, shoulders, or digestive system—areas that carry tension and emotion. Drink herbal teas, stretch, journal, or rest. Healing doesn't always look dramatic. It looks like stillness, acceptance, and consistent care. Give your body permission to slow down. What heals in silence today becomes your resilience tomorrow. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Hindustan Times
3 hours ago
- Hindustan Times
Capricorn Horoscope for 30 June 2025: Your official success may be backed by a hike in the role
Jun 30, 2025 04:09 AM IST Capricorn (Dec 22-Jan 21) Daily Horoscope Prediction says, Nothing matches your courage Fix love issues and keep a watch on the activities at work that will lead to career growth. Minor financial issues will come up and health is also a concern. Capricorn Horoscope Today: Read our expert astrological predictions to find out what the stars have in store for you.(Freepik) Spare time for the lover and you both will share all emotions together. Ensure you deliver good results at the office. Both health and wealth demand more attention. Avoid egos in the relationship and be sensitive towards the partner. Your lover will trust your commitment, and it is also good to spend more time together. Some love affairs will develop minor issues over egos, but you need to take the initiative to settle them before the day ends. Married females will have communication issues with the parents of their spouse today. If you have recently broken your heart, this is the right time to find a good match. Capricorn Career Horoscope Today Your official success will be backed by a hike in the role. Some lucky natives can expect additional responsibilities that may give them opportunities to grow. Continue putting in hard work, and you may also expect a hike in salary or promotion. Your negotiation skills will work out in handling foreign clients. Those who handle managerial roles should be careful to take up new projects in the second part of the day. Businessmen will also be lucky to sign new partnership deals that will help in business expansions. Capricorn Money Horoscope Today Minor monetary issues may stop you from taking crucial financial decisions today. Do not spend a large amount on luxury items. You should also be careful about financial discussions with friends, which may turn into arguments. Some females will be successful in inheriting a part of the ancestral property, but this may create a ruckus in the relationship with relatives and siblings. Capricorn Health Horoscope Today Minor health issues may come up but they won't impact the routine life. There will be viral fever, sore throat, or pain in joints. Seniors will require consulting a doctor for digestion issues and children may also have oral health issues today. Always prefer people with positive vibes to stay mentally healthy. You also need to drink plenty of water today while skipping alcohol and aerated drinks. Capricorn Sign Attributes Strength: Intelligent, Practical, Trustworthy, Generous, Optimistic Weakness: Persistent, Stubborn, Suspicious Symbol: Goat Element: Earth Body Part: Bones & Skin Sign Ruler: Saturn Lucky Day: Saturday Lucky Color: Grey Lucky Number: 4 Lucky Stone: Amethyst Capricorn Sign Compatibility Chart Natural affinity: Taurus, Virgo, Scorpio, Pisces Good compatibility: Cancer, Capricorn Fair compatibility: Gemini, Leo, Sagittarius, Aquarius Less compatibility: Aries, Libra By: Dr. J. N. Pandey Vedic Astrology & Vastu Expert Website: E-mail: djnpandey@ Phone: 91-9811107060 (WhatsApp Only)
