Maruti Ertiga is the ONLY MPV to Clock Remarkable Growth in FY20

Maruti Ertiga is highly loved around the Indian middle-class households and cab aggregators for the flexibility and cabin space it offers at an affordable price tag. It starts at a fairly low price tag of Rs. 7.59 lakh and goes all the way up to Rs. 10.13 lakh. With these attributes on its side, it is the only MPV in the country to register a remarkable growth in fiscal 2020. Having a look at the sales figures revealed that Maruti sold a total of 90,547 units of the car in the financial year 2020. However, in FY 2019, the carmaker could only sell 65,263 units of the MPV.

The Ertiga is priced very competitively at a starting price of Rs. 7.59 lakh.

With these figures, Ertiga registered a growth of 39 per cent, which is the highest recorded for an MPV for fiscal 2020, since all other MPVs have registered a drop in sales. Mahindra Bolero, which was once the most sold car of the country registered a sales drop of 30 per cent. The Innova Crysta is often referred to as the king of MPV space. However, Toyota could only sell 53,686 units of the car in FY’20, whereas the carmaker sold 77,294 copies of the MPV in FY’19, thus registering a dip of 31 per cent.

The Ertiga is said to be a tough competition for the Mahindra Marrazzo, which observed a sales loss of 47 per cent. Talking of the other contenders in the MPV creed like the Hexa, Xylo, BR-V, GO+, and Lodgy, these cars registered a drop of more 60 per cent. However, a 100 per cent sales drop was observed for the Tata Sumo. If the total units of MPVs sold in FY’19 are compared to the total unit of these MPVs sold in FY’20, it is a hike of 1 per cent. In FY’2019 Indians bought only 2,81,594 MPVs, while in FY’20 the figures rose to 2,83,583 units. Therefore it can be said that the automobile industry is not facing a slump, instead, it is just rejecting the outdated products from the market.