The common man is ending the budget to buy a car due to inflation.
Due to this, the focus of the companies is now on the production of SUVs and sedans.
The segment of small budget cars may end in no time.
New Delhi. Vehicles that fulfill the dream of buying a small budget car or say a middle class car seem to be disappearing from the market these days. Apart from one or two cars, there are very few cars left in the market that cater to this segment. Small budget car i.e. on road which car is available up to 5 lakh rupees. But now only vehicles like Alto or S Preso are left in this category and automobile companies are also not planning to launch such vehicles.
Many types of cars were showcased and launched during the Auto Expo too, but there was no mention of small cars or say cars up to 5 lakhs. The biggest reason behind this is believed to be inflation. The person who used to dream of buying a car by upgrading from a two wheeler and used to take such vehicles, is now seen to be under the burden of inflation and his buying capacity is over. Companies are also accepting this thing and their entire focus has remained only on the upper middle class. A simple example of this can be seen only by looking at Maruti’s cell. If compared to the sale of December 2021 in 2022, a decline of 40 percent has been recorded in it.
Demand for sedans and SUVs
These days the SUV segment is the most in demand in the Indian market. After this people are liking sedan more. The reason for this is the comfort and more seating capacity. Keeping this in view, the focus of the car companies is also on these two segments. After this, the full focus of the companies is on the hatchback because the hatchback is the first choice of city ride and youth.
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car manufacturing expensive deal
Now let’s talk about manufacturing, its cost is continuously increasing. Rules like air bags and pollution norms add to the cost of the car. In such a situation, it is difficult to make a small car and then sell it in a budget. That’s why car companies are paying attention only to those cars, whose buyer will not make much difference by increasing a few rupees.
Tags: auto news, cars, Bike News, Maruti Alto 800
FIRST PUBLISHED : January 20, 2023, 07:30 IST