SUVs take over as hatchbacks lose steam in India
India's auto market is shifting gears as SUVs now account for 52% of car sales, while entry-level hatchbacks have declined for five straight years, according to an SOIC Research report. Rising incomes, changing aspirations, and premiumisation trends are driving the shift, with automakers like Mahindra and Tata Motors focusing heavily on larger, feature-rich SUVs.