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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