SUV & MPV Propelling Growth of Automobile Market in China
SUVs and MPVs are becoming immensely popular in the Chinese market, due to an increase in the per capita income of people and the level of comfort provided by bigger vehicles. Further, even manufacturers prefer to produce SUVs as they are treated more leniently by government rules on fuel efficiency and emissions, which makes them less expensive to produce. According to a new report by RNCOS, “Booming Automobile Sector in China”, manufacturers are focusing on meeting the above demand by...
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