As expected; SUVs was the best performing segment and recorded the lowest YoY fall. Also Sedans registered the highest dip.
- SUV/Crossovers have shown quick revival and gained market share
- Largely helped by Hyundai Creta, KIA Seltos and Tata Nexon
- Hatchback too had gained market share due to pent up demand
- MUV segment is largely stable due to strong performance by Ertiga+XL6 and Renault Triber
- Sedan suffered massively across the sub segments
Electric Passenger Cars Performance –
- Entry of Tata Nexon and MG eZS has changed the dynamics of EV landscape in 2020
- Improved technology and SUV/Crossover silhouette is winning customer with its own charm
Average price increase from BS4 to BS6 in each segments for the two years will be interesting to know.
The decline in Sedan is reflecting a sectoral change in young buyers attitude. But timely updates and including state of the art design and creature comfort features and attributing enhanced prestige of ownership has resulted in the change.
A good sedan like that of Camry, Jetta, etc with class and aspirational value needed. Maruti attempted with Ciaz, but cdnt sustain .