Honda’s Bold Move for 2016!

Honda is launching its Bold Runabout Vehicle (otherwise abbreviated as BR-V!) on May 5th, 2016. The company is continuing its product offensive strategy and this will be the OEM’s fifth big launch in a timeslot of 3 years! (Amaze, New City, Mobilio, Jazz). The Japanese OEM is pinning a lot of hopes on this baby and the customers are also equally excited on the offering.

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Concept Teaser Image

About BR-V: It was initially previewed by Honda as a concept in the middle of 2015. Despite being categorized as a Compact-SUV, in Indonesia it is seen as a Crossover Utility Vehicle or CUV. The Honda BR-V is derived on the same platform as the second generation of Honda Mobilio; (which was itself based on the small eldest sibling namely Honda Brio) allowing to share mechanical components including powerplants. It is also based on the philosophy of “Active Solid Motion” to look premium and tougher in the class.

Currently popularity of Honda’s portfolio is limited to Tier-1 and Tier-2 cities. With BR-V, the company would also want to strengthen its reach to the rural consumer (the Ground Clearance 201 mm will help for the purpose). Also the Premium SUV segment in particular has grown stupendously in past few years. It started off when Mahindra launched its XUV 5oo in 2011 at a price point of Rs.10.8 lakhs. Renault was quick to jump in the game and found immense success with Duster. Partner Nissan to launched its own version through Terrano. However, no one could churn volumes like Hyundai did with Creta. The market was speculative of the high price point of the Creta and the initial sales predictions did not go >4000 nos for the Korean offering. But 63,900 Creta’s were sold in just 10 months and it attained an average sale of 6,390 units/mth! It helped the overall segment to itself to grow at staggering 39% YoY. The stats is as mentioned –

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BR-V will prove to be extremely crucial for Honda. The Japanese OEM struggled with volumes in FY16 and it already has 2 non-performers in its pack (Mobilio & Brio). The OEM lost its 3rd position to Mahindra and could post a meager growth of 1.6% YoY. BR-V is already doing wonders for the OEM in the initial markets that it was launched. In Indonesia, it is currently the second best selling car! January 2016 was the first month for Honda BR-V delivery at Indonesia, it sold 6.627 units and become second best seller car in Indonesia below Toyota Avanza and above Toyota Kijang Innova. Even in Feb’16, BRV sold 5,575 units and commanded a 6.3% Market Share.

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The most crucial aspect of the launch in India will be its pricing. While we expect the car to be priced near to Hyundai’s Creta; the Indonesian price comparison might be helpful – BRV is available only in petrol and the prices is as mentioned:

  • 1.5L S – 226,500,000 IDR (Rs. 11,41,711)
  • 1.5L E – 236,500,000 IDR (Rs. 11,92.118)
  • 1.5L Prestige – 261.500.000 IDR (Rs. 13,18,135)

Hence we expect the top diesel-spec variant to cost near Rs.15 Lakhs. However, it can turnaround the segment if the initial pricing is lower than as expected above!

Journey from Hero Honda to Hero v/s Honda

In 1984, Hero Cycles graduated from a Bicycle maker to a Motorcycle manufacturer by collaborating with Honda Motor Company Ltd of Japan. The first product post the collaboration agreement was launched in 1985 – named Hero Honda CD100. The rest we can say was history – By 2001, Hero Honda grew to be the world’s largest 2 wheeler company! The association churned many such milestones in the Indian market and became a household name pretty quickly. Like every marriage, this association had some bitter experiences in between and later could simply not cope up with the increasing differences. While Hero wanted to taste a bit of exports market and strengthen its inhouse R&D; Honda found it demeaning its global operations. The duo decided to separate ways and dissolve their Joint Venture in December 2010. The 26-year long pact ended on a quiet note with strong individual aspirations to dominate the local market.

Five years post the split, Honda Motorcycles did everything possible in the book to overtake the ex (Hero MotoCorp’s) dominance in the Indian market – though the effort was monumental and appreciable, the Japanese has still a long way to achieve the feat. The efforts taken by Honda for the attempt to become the market leader was mind-boggling. In past 5 years, it expanded its outlets from mere 800 nos to 4,500 sales outlets! In 2015, Honda’s global sales of all products was 28 million units out of which global 2wheeler sales stood at 17 million units. Today, 25% of the total Honda two-wheelers sold across the world come from India. 3 manufacturing plants were opened in last 4 years! – Plants opened at Tapukara Rajasthan (in 2011), Narsapura Karnataka (in 2013) and scooters only plant at Vithalpur Gujarat (2016). These drastic steps allowed HMSI to climb to a market share of over 26% and stand as a real threat to the Indian Leader (Hero Motocorp). See the climb for yourself here –

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Source: Business Standard

The competition was intensified with Hero Motocorp’s response in said time and the Indian MNC challenged HMSI in their own game – by attacking the baseline (scooters). Hero’s retaliation shook the Japanese major quite hard and the scooter market share statistics changed within 6-month time frame! –

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Source: Business Standard

In September last year, Hero expanded its scooter offering with the launch of two products — Duet and Maestro Edge. Until then, the country’s largest two-wheeler maker had two scooters to offer: Pleasure and Maestro. These scooters were indigenously developed by Hero’s R&D and the long term plan is to dominate the scooter market as well. Other players jumped into the game as well and have gained pretty significantly in past 1 year – say TVS’s Jupiter and Yamaha’s Fascino were instrumental in the growth story of their respective OEMs in the previous fiscal. The latest OEM-wise ranking and Market Share data is here –

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*FY16 (Apr’15-Feb’16) and FY15 (Apr’14-Feb’15)

Hero aware of the path ahead, has taken drastic measures to improve its R&D. It has set-up its first dedicated Rs 850-crore R&D centre last month. The 247-acre facility near Jaipur will have 600 engineers by the end of this year. Hero had a tiny three-acre R&D setup before the Jaipur centre came up. The centre will be led by Hero’s chief technology officer Markus Braunsperger, who came from BMW in 2014 after a 25-year-long stint in R&D, production and strategy roles.

See how both the biggies fare on various factors as on date:

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Source: Business Standard

While both Hero & Honda have intensified their efforts to command dominance in the domestic two wheeler market; the consumers are at advantage as they’ll receive world class products and their demand will be given paramount importance. We at Auto Punditz are happy to see the way two-wheeler industry is shaping in the subcontinent and wish that the better OEM will win the race!

Indian Car Sales Figures – March 2016

Last FY (Apr’15-Mar’16), passenger vehicle sales in India registered a stellar growth of 7.87% – reportedly highest in past 5 years! The growth was undoubtedly fueled by new launches (say Creta, Kwid, Baleno, TUV300, Jazz, KUV100, etc). Let’s compare the performance of OEM’s if the new launches were not there –

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  • In the above chart, Maruti yet again proves why it has remained the market leader for decades now in the sub-continent. It has been able to register a 5.2% growth even if the Nexa (S-Cross & Baleno) and Brezza volumes are taken away. This year Maruti also neared its all-time highest Market Share and closed at 47% MS. The Market Share increase in this tough business scenario has just been appreciable and their focus on their entire portfolio has been the key.  A look at the leader’s game :
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Source: Business Standard
  • Hyundai had a tremendous year as well – while Grand i10, Elite i20 broke new records in sales, Creta was able to set higher benchmarks in Premium-SUV category this Financial Year.
  • FY15 was pretty tough for Mahindra and had moved M&M to the forth spot; however M&M turned the table in FY16 and was able to successfully launch 3 new products this FY – TUV 300, KUV100 & Nuvosport. But the concern area remains on the dependency on the new models. Without the new launched, Mahindra would experienced a fall of 11.4% in sales!
  • The story for Honda remains similar to Mahindra, and the Japanese MNC was able to sustain volumes only due to the New Jazz! If we take out Jazz numbers; Honda would have de-grew 20.3% YoY!
  • One Product Wonders played the game for Ford & Renault. Kwid and Aspire helped the respective OEMs to grow or else they would have been in a tough position in the Indian market.

Model-wise Figures for Mar’16 –

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March 2016 car sales data

HIGHLIGHTS:

  • Brezza shipments were initiated last month and in the first month itself, it overtook Ecosport and TUV300’s numbers. Maruti has near to 1800 sales outlets – so just only 1 Brezza to each outlet would have helped Brezza garner 1800 shipments! As on date Maruti has received 40,000 bookings for Brezza (near to 22 bookings/outlet). Considering the initial response, we see the Compact-SUV to be the next big thing this year!
  • Mahindra did the makeover to Quanto and termed it Nuvosport (find any resemblance to the name Ecosport?). Around 1299 Nuvosport’s were dispatched in the first month and the SUV was launched on 4th April. Can it fight the mighty Ecosport & Brezza (also the sibling TUV300)?
  • Renault’s Kwid could make a grand entry in Top 5 with sales of 9743 units. It is also the highest ever a Renault car has been placed in the list of best-selling cars for the month. Nearly two-thirds of Renault’s total current sales currently come from the Kwid.
  • Celerio, New Endeavour and Camry grew notably in Mar’16 vis-a-vis Mar’15. While the diesel option is working wonders for Celerio, the New Endeavour has become the real competition to the mighty Fortuner (which incidentally degrew 71%)!
  • Tiago numbers were Zero. We wonder how.

March 2016 Car Sales – Snapshot

OEM-wise Sales Data

March traditionally is a good month for the Auto Industry and it did experience a growth of over 5%! Renault, Ford & Mahindra stood as the biggest gainers of March and again fueled by the stellar new product performance. Kwid, Aspire & KUV100 proved to be the saviors for the respective OEMs and helped them gain a double digit growth in the tough business environment. Amongst the luxury car makers, Volvo stood out in the crowd with a respectable YoY growth. The Swedish car maker launched the S60 Cross Country last month and currently has 7 models in its portfolio (S60 sedan, S80 saloon, V40 luxury hatchback, V40 Cross Country, XC60 SUV and XC90—the 6 seater SUV). We are sure that the surge in business shall encourage the Swedish OEM to assemble cars in India (Unlike other luxury car firms Volvo doesn’t assemble any model locally. All of them are fully imported.). In luxury segment, Mercedes again led the pack with the highest volume in luxury cars segment. Mar’16 also saw the launch of Mercedes Benz S100 from the German Luxury car maker.

March 2016 also witnessed the end of the financial year – hence a lot of these OEMs would have tried to rationalize their target achievement and would’ve pushed for more volumes. We also present the entire Financial Year performance of these OEM’s here –

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Biggest Gainers of FY16
  • Renault drove to the top backed by Kwid’s success and delivers a >65% growth in FY16! The French Automaker is now trying hard to gain volumes in the higher margin maker Duster for sustainability.
  • Porsche though with low volumes,  makes itself visible in the growth department – the luxury SUV models (particularly Cayenne) has helped it significantly.
  • Hyundai & Maruti emerge as the only 2 Carmakers to have a double-digit Market Share in India! Both of them combined command a Market Share of envious 64%. While other OEMs have put everything to gain a piece of Indian Market, these 2 OEMs are holding their fort pretty well and are giving a tough fight to the bigger OEMs.
  • Maruti has reached its ever highest Market Share in past 10 years and the Nexa strategy has paid it off quite well! The Indo-Japanese car maker don’t stop surprising us with the tricks they got to offer for the Indian Market – the latest addition being the compact-SUV Brezza which will shoot their hold of Market Share in the coming months.
  • It was a comeback year for the homegrown SUV-major Mahindra. The Indian MNC dethroned Honda from the third spot with a good margin. Mahindra’s product-offensive strategy (launch of TUV300, KUV100)worked wonders for the company and the volume jump helped it strengthen its slot in the third place!

A look at the Top 10 sellers of March 2016 (detailed model-wise data to be posted shortly) –

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Source: ET

Indian 2 Wheeler Sales Figures – Feb 2016

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Source: AutocarPro

Feb’16 saw a positive surprise from the Two-wheeler stable as the industry grew a healthy 12.76%. As healthy monsoon is expected this year; we foresee the momentum to continue and build up strongly in coming months. Bajaj’s INS Vikrant byproduct V 15’s shipment started off last month and 1,442 units were shipped to dealers in the first lot. Also notable launch of February was the Street Twin from Triumph – it will be the entry level offering from Britain’s largest motorcycle manufacturer. Launched at Rs.6.9 Lakhs, this 900cc bike contributed to 76% of Triumph’s sale last month! A look at the model-wise sales –

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Royal Enfield, Yamaha & Bajaj led the pack with stupendous YoY growth figures. Also these statistics were quite trivial for Feb –

  • Hero Motocorp again emerged as India’s largest 2-wheeler manufacturer with a Market Share of 39.4%
  • Honda Motorcycles India was a close second with a 25.7% Market Share. Hence the Top 2 manufacturers (Hero+Honda) over 65% of 2-wheeler Market share in India!
  • Honda’s dependency on scooters still prevail – Activa alone contributes to 60% of Honda’s sale in India!
  • Yamaha slowly strengthening its foothold in scooters and is reaping benefits – Fascino becomes its 2nd best selling product (after the FZ) and the scooterette portfolio (Fascino+Ray+Alpha) overtakes the bike sales (Saluto+FZ+R15+SZ) in Feb’16! Scooters contribution to Yamaha sales was 50.3%!
  • Bajaj still sets benchmark in premium bikes category – the Avenger portfolio crossed 30k units in Feb’16 (more than the Discover sales)! No wonder it has been one of the most profitable 2-wheeler entities in India.
  • Bajaj also has the entry level CT making an entry into the Top 10 list!
  • Harley’s cheapest offering – the Street 750 contributes to over 58% of Feb’16 sales for Harley Davidson in India. Also notable was Fat Boy’s performance last month – hefty 161% YoY growth!
  • Hero’s 3 entry level bikes – HF Deluxe, Splendor & Passion contributed to over 70% of Hero Motocorp’s sales! Also these stand tall in the Top 5 selling 2-wheelers list as well.
  • Hero loses out in the scooters race and none of Hero’s scooter offering could make an entry to the Top 10 list. Also TVS’s Jupiter emerges as the only scooter apart from Activa to be on the Top 10 table!
  • Moped (XL Super) proves to be the unicorn in TVS’s stable and still lists as the 5th selling 2-wheeler in India. However, Honda hopes to turn things around in this segment with Navi (dispatches started from 19 Mar’16).  Interesting name (NAVI – New Additional Value for India) and an interesting concept indeed (India’s first crossover two-wheeler)!
  • Mahindra’s flagship offering Mojo could sell only 96 units in Feb’16 – the condition remains similarly concerning for its other siblings. M&M is trying to revive volumes with the new Gusto 125, but things remain hazy for this manufacturer.
  • Continental GT remains the only offering from RE to suffer continuous de-growth! The cafe racer concept is yet to catch the fancy of Indian biking enthusiasts.
Honda Navi
Honda Navi (Shot from the Auto Expo)

Top 10 models in Feb’16 v/s Feb’15 –

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Koenigsegg’s Regera – 2nd 1500 bhp Monster.

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Little was it know to the world that Bugatti’s Chiron will have a competitor ever so soon!! 2 days!!

Though we don’t have the luxury to drive these cars & really tell you how they feel to drive, We would like to present you with some Comparison about these  2  1500 bhp monsters.

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Both these cars take their owners for a Ransom.. Regerra – 12.71 Crore Rupees & Chiron – 17.4 Crore Rupees.

 

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Both these cars should be the Best of Production Hypercars the World has seen.

2017 Bugatti Chiron: The $2.6-Million, 1500-hp, 310mph Monster!

When Wolfgang Dürheimer (President, Bugatti Automobiles) was asked to plan a successor of Bugatti Veyron, he knew that he had to better the best and produce something invincible. Chiron was the outcome! So, do you think Chiron has all the ingredients to become the worlds fastest street-legal production car? The statistics on paper some how does –

  • Powered by an 8.0-liter quad-turbo W-16 engine
  • 1,500 Bhp
  • 1600 Nm torque
  • 310 mph speedometer (500 km/h)

The aforementioned specifications indeed has all the necessary hardware to outrun the outgoing Veyron and break the record for the fastest street-legal production car. The super car will cost a whopping $2.6 million (Rs.17.41 crores).

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This is what President Bugatti Automobiles had to say

Bugatti says the 2000kg Chiron is “the world’s first production sports car with 1500 hp.” It’s best to simply shelve any expectations of modesty on Bugatti’s part. After all, when the car you’re replacing produced 1200 horsepower, hit 258 mph, and cost more than 17 Crores , adding an extra 300 horsepower, 3 mph of governed top speed, and half a million to the window sticker matters. The Chiron’s redesigned 8.0-liter quad-turbocharged W-16 engine produces 1500 horsepower, 300 more than the outgoing Veyron Super Sport.

So wonderstruck! We are completely confident that the Chiron will trump the Veyron in all departments. It is undoubtedly an engineering masterpiece and the aficionados should be properly enthralled; atleast those who have the means to buy one!

So how does the Chiron sound? Play the video –

Source: Bugatti, CarandDriver & Motor Trend

uber MOTO – Bike Taxi!

Yesterday Uber announced its foray into bike taxi segment and have termed it Uber Moto. This move will make India as the second market where the world’s most valuable startup, Uber Inc will offer motorbike taxi! It is barely a week before that Uber had announced launch of its bike taxi service in Bangkok. Bangalore is chosen as the test city where the services will be initiated and the market will be explored. Uber has been very flexible in testing its India-centric innovations – earlier cash payments, later launching auto services and now bike taxis. Uber will be leaving no stone unturned to build India as one of its biggest market in terms of revenue. Just within few hours of announcement from Uber, India’s biggest taxi aggregator Ola declared its entry into bike taxis.

2UberMOTO, will have a base fare of Rs.15 and will charge Rs.3 per km apart from Rs.1 for every minute of the ride time. Ola will charge Rs.2 for every km apart from Rs.1 per minute ride time charge, on a base fare of Rs.30.

We had predicted the rise in trend of Bike Taxis previously here. Bangalore is seen as the breeding ground for bike taxi providers and is already home to over seven such start ups (Mu Ride, Pilot, Streetryderr, Rapido, HeadLYT, Hey Bob and Pillionaire). Bangalore is one of the most congested cities in India and two wheelers have earned their reputation as the fastest mode of transportation in the growing metropolitan. Bike Taxis have already tasted success in similar conditions in other Asian Markets (specifically Indonesia) and India seems to have a huge potential. The other city which has attracted service providers has been Gurgaon – Bikxie Pink, M-Taxi, N.O.W Bike Taxi, Rideji and Baxi have already established their operations here.

India’s infrastructure, road safety, weather conditions and government regulations will be the biggest challenges for these startups. However, we are sure that the consumer demand will slowly ward off these challenges and will nurture such initiatives. As per the state transport department, Bangalore had 3.8-million two-wheelers, including motor bikes, scooters and mopeds, compared to 1.1-million cars as of March 2015. India is also one of the largest markets for two wheelers with sales more than doubling to 16 million in 2015 up from 7 million in 2008. The availability of such numbers of two wheelers should enable easy access to bike drivers.

Indian Car Sales Figures – February 2016

February 2016 saw the hosting of  the biggest Automotive Exhibition in Asia with the hopes of spearheading the good times for the industry in the subcontinent. But, the absence of big (rather exciting) launches and the increased ‘cess’ proved to have an adverse effect on the consumer sentiment. The only notable showcases in the last month’s auto expo was the Brezza/Ignis from Maruti, BR-V from Honda and Hexa/Kite S from Tata.

The OEMs to taste growth in Feb’16 were primarily fueled with new ‘performing’ products in their portfolio – say Baleno for Maruti, Creta for Hyundai, KUV100 for Mahindra & Kwid for Renault. While other OEMs took the beating for not having a ‘FRESH’ offering! Renault & Honda have eventually launched refreshed avatars of their successful, yet currently ailing Duster and Amaze in Mar’16 – will the makeover help? Wait for Apr’16 for the answer.

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February 2016 car sales data
  • India’s largest car manufacturer – Maruti Suzuki again played all its cards and could successfully cross the 1 Lakh figure yet again! Though it saw a YoY decline in sales of its stalwart Alto, Swift, Celerio, Wagon-R & Ritz; additional numbers from its so called premium brand Nexa (Baleno & S-Cross) helped the Japanese car maker project growth in Feb’16. Rather surprising was the impressive growth in Omni & Eeco (8% & 13% respectively!). All this was attained even though the company’s production was disrupted from the Jat agitation (as the production was temporarily suspended).
  • Korean Major Hyundai is basking on the glory of Creta’s blockbuster success. Also to be appreciated is the OEM’s response to customer demand and manufacture >8000 units of Creta from its production line. It clearly exhibits the automaker’s seriousness for the Indian market and also the sensitivity to cater to the demand. i20 shows no sign of weakness from the stiff competition of Baleno/Jazz and proudly posts >10k sales figure yet again! However, Eon starts to face the heat from the French K(w)id! Renault is slowly eating into Eon’s sales (similar to what Creta did to Duster!).
  • Mahindra leads by example to define what ‘Jugaad’ really means! First develop a 1.99 L engine for its top selling market (Delhi), then build a compact SUV for Urban consumer and then offer a pseudo SUV-hatch for the mass buyer! The Indian OEM simply puts the global MNCs to shame in terms of its speed of market response and consumer demand. KUV100 has strongly placed the SUV-major in the hatchback race and the carmaker is slowly experiencing the taste of sales of petrol cars! M&M is now all set to revamp its ailing (or call it failing) Quanto and have termed it as Nuvosport! But the real concern lies in the fact that Mahindra would have experienced a de-growth of 13% if TUV & KUV wouldn’t be there in its portfolio this year!
  • Honda continues its fluctuating performance. Many-a-times it is difficult to assess on the month on month variance in their sales statistics. Ex: City’s performance in Feb’16 saw a YoY degrowth of 25% and MoM degrowth of 39%! (from a sales of 8037 units in Jan’16 to 4880 units in Feb’16). Also interesting is to see the lesser demand Amaze project a MoM growth (17% growth) and the newer sibling Jazz experiencing a MoM degrowth (-29%). In overall, the variance has costed the Japanese OEM its third position and seems that it’ll be unable to recover the loss and stay behind M&M for a while now.
  • Tata started shipping the Tiago from Feb’16. But yet the overall numbers decline! Even with the promising line up and impressive launches (Zest & Bolt) in the past year, the Indian consumer seems unforgiving for the past quality glitches and the brand fails to deliver. Can Zica finally change the game for Tata?

Lets look at the Top 25 selling cars of Feb’16 –

2TRIVIA – Maruti has 10 products in top 20 selling cars, Hyundai has 3 offerings in Top 10 & Renault has a formidable entrant in Top 10!

Sales Estimate of Luxury Brands for Feb’16 –

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Renault Duster Refreshed!

Crumbling Sales Figures!! If you can look at the data below you can easily understand that the Monthly average sales of 2012 was 3956 which further went on to increase to 4284 in 2013. However, in 2014 the sales average went down by 1000 nos. to 3317 cars/mth. Why? Terrano was cannibalizing the siblings sale. In Year 2015 too, though a brief rise was seen in the numbers (Jan~Mar’15 Avg. 3435 nos/mth); the launch of Hyundai’s Creta made the Renault taste dust!

Renault Duster – Sales Volumes, mentioned below for a quick reference.

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New Refresh – Duster, Will it help?

Renault Duster haven’t been refreshed since it was first launched though an AWD version was introduced in September 2014. The bland interiors was again a sore point for the SUV. 

The New Refresh 2016 Renault Duster was launched yesterday. The New Duster get a Manual & AMT Variant alongside with Petrol & Diesel Variants. AWD is retained. There are some updates both on the exterior design front and on the mechanical side. There is also a new interior.

On the exterior front, the new Duster gets new headlights, new tail lamps and a new grille. You also get a new set of wheels, which could have looked a little better than they do. The new Duster also get updated front and rear bumpers with new skid plates that have been finished in silver and a new orange paint shade which in our opinion looks quite stunning.

On the interior front, the new Renault Duster facelift gets an updated dashboard with a new centre console and updated instrument binnacles in a new instrument cluster surround. The new Duster will also get an updated touchscreen infotainment system that comes with inbuilt navigation. The new Duster also gets cruise control for the first time along with climate control which is also a new addition to the compact SUV.

Mechanically, the Duster gets two engine options, a petrol and a diesel. The 1.5-litre petrol makes 102PS of peak power and 145Nm of peak torque. The 1.5-liter diesel on the other hand gets two states of tune, a 85Ps and a 110PS. The 110PS makes 245Nm of peak torque and is also the only engine option to get the AMT gearbox option. The 110PS version also gets a top of the line variant with all-wheel-drive.

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Visually the New Renault is appealing to the eye.

Will it relive the glory days and help Renault build sustainable numbers?

We all know Renault would want it to be the Next K(w)id on the block, but with very minor changes to the exteriors & interiors volumes should stabilize at 1500 odd units every month. Also expect the Terrano sales to plummet even further making the gain in numbers negligible.

Our Opinion:

The changes are minuscule and we doubt if it could stand tall in front of the in-demand Hyundai Creta! We also await the launch of Honda BR-V which will make the segment even more interesting.