Entry-Level Hatchbacks Losing Share For 5 Straight Years, SUVs Growth Continues: Report
New Delhi: India’s automobile market is witnessing a fundamental shift in buyer preferences, with SUVs firmly overtaking hatchbacks as the country’s preferred passenger vehicles. According to a recent SOIC Research report titled “Premiumisation: India’s Next Consumption Wave,” entry-level hatchbacks have been losing market share consecutively for the past five years, signalling a broader change in…