The sedan market in India has witnessed a steep decline over the past decade due to a significant rise in SUV demand. While SUVs captured a 50.4 percent market share in FY24, the sedan segment fell below 10 percent. Notably, models such as the Hyundai Verna and Honda City saw drastic sales drops, with the Volkswagen Virtus being an exception.Will premium sedans survive in India: Winners, reasons analysed
August 13, 2024
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The sedan market in India has witnessed a steep decline over the past decade due to a significant rise in SUV demand. While SUVs captured a 50.4 percent market share in FY24, the sedan segment fell below 10 percent. Notably, models such as the Hyundai Verna and Honda City saw drastic sales drops, with the Volkswagen Virtus being an exception.
