There is no study to indicate whether people are upgrading to SUV or not. Only thing clear is that small car’s sales are decreasing and SUVs are increasing. So, the company’s focus must be on new SUV launches.
If you look at the presentation highlighting the new launches eVX and New Swift looks promising. But, eWX, mini wagon EV looks ugly.
So, looks like company’s is trying to woo new small car customers. Then there are other products which may open new segments.
SUV launches are over and that’s concerning.
Yes, it looks like spending in lower segments is going down. Inflation is outstripping the salary growth. I agree, we should be looking cautiously at other companies catering to this segment.
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