SUVs set to race past sedans, hatchbacks in sub-₹10L space
Financial Express Mumbai|July 30, 2023
AFTER OVERTAKING PREMIUM sedans in sales, sport utility vehicles (SUVs) are now in hot chase of sub-₹10 lakh hatchbacks. Even though top-selling cars in Q1FY24 have been sub-₹10 lakh hatchbacks - with Maruti Suzuki Wagon R, Baleno and Swift the bestselling models - SUVs are attracting an increasing number of customers even in the sub-₹10 lakh space.
VIKRAM CHAUDHARY
SUVs set to race past sedans, hatchbacks in sub-₹10L space

The Q1FY24 sales data released by the Society of Indian Automobile Manufacturers (SIAM) shows that while hatchbacks and sedans put together (in the sub-₹10 lakh space) saw 0.44% decline over the same period last year (from 382,768 units in Q1FY23 to 381,073 units in Q1FY24), SUVS in this price range grew 20% (from 232,226 units in Q1FY23 to 278,514 units in Q1FY24).

Thus, the sales gap between these body types (hatchbacks plus sedans vis-à-vis SUVs) has been reduced from 150,542 units in Q1FY23 to just 102,559 units this year.

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