MARUTI SUZUKI'S PREMIUM hatchback model Baleno may have come out strong, figuring as the country's second-largest selling car in FY23 - it sold 202,901 units, with a 5.2% share of overall passenger vehicles - but the overall segment it represents is losing steam.
Premium hatchbacks fall in the sub-4 metre vehicle category, which attracts lower duty, and, therefore, can be priced competitively. However, compact sports utility vehicles, which are again sub-4 metre vehicles, are competing effectively with premium hatchbacks.
Apart from Baleno, other popular models in this segment are Swift and Ignis from Maruti's stable, Hyundai Grand i10 and i20, Tata Altroz and Toyota Glanza.
This story is from the April 23, 2023 edition of Financial Express Mumbai.
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This story is from the April 23, 2023 edition of Financial Express Mumbai.
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