Utility vehicles are set to overtake hatchbacks as the top-selling automobile segment in India next year, suggest sales trends, thanks to buyers’ growing preference for the modern, spacious and safer sport-utility vehicles.
Utility vehicles accounted for 40% of the total passenger-vehicle segment in September, driven by new SUVs Kia Seltos, Hyundai Venue, MG Hector and Maruti Suzuki XL6. That was just five percentage points behind hatchbacks, the small cars that had 60-70% share a decade ago.
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IHS Markit, a market forecasting firm, expects the gap between the two segments to narrow to two percentage points by the end of this year — with utility vehicles taking 38% and hatchbacks at 40%.
Source: Economic Times
