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SUVs Beat Small Cars: Top Choice of Indians
But on the other hand SUV segment has witness the fastest growth rate in 2011, though it’s much more expensive for an aam janta of India. Its sales rate has increased by 32 percent last year and has also created the demand for much higher both India-made and imported models. SUVs are nearly thrice expensive than an entry-level car.
An analysis of Society of Indian Automobile Manufacturers (SIAM) states that Indian car buyers are making a decision of choosing a premium car and buying an SUV.
Though there were high interest rates and hike in petrol prices, the demand for expensive cars was not devalued. Sedans which has a market share of 19 percent saw a demand rise of 15 percent in 2011. This demand was powered by the premium models like the Hyundai Verna, V W Vento and Chevrolet Cruze.
