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Sub-INR 5 lakh cars shrink to just 0.3% of market from 34% 8 years ago

10 months ago Auto economictimes
With vehicle prices going up sharply in past few years amid claims of high commodity prices and more expenditure due to safety norms, the share of entry level cars - those priced under INR 5 lakh - has crashed from 33.6% in 2015 to 0.3% in 2023. What auto companies don't tell you is that they have graduated to bigger cars to earn fatter margins. Read more at: economictimes

Tags : Sub 5 lakh car tata renault new delhi maruti suzuki maruti hatchback

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