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compact vehicles: India's love for sub-4 metre compact cars fades as SUVs gain ground

Indias preference for compact vehicles under 4 meters in length is declining, with their market share dropping from 62% in 2021 to 50% in 2023. The number of models in this segment has also decreased. Shifting consumer tastes, including a preference for larger vehicles, are prompting automakers to rethink strategies. The popularity of entry-level SUVs has grown, overlapping with premium hatches and sedans. New safety requirements and challenges in designing small cars are also affecting the mark...
Ravi Bhatia Maruti Suzuki Shashank Srivastava Tata Motors Compact Vehicles Taxation Regime

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