Size matters: Smaller cars ceding ground to bigger, pricey models

Share of entry-level cars (up to Rs 5 lakh) declines to 4-year low; those above Rs 10 lakh gain

Size matters on the road. Small is not dominating India’s car market any more. The share of cars priced up to Rs 5 lakh in the passenger vehicle market has fallen to 10.5 per cent in the first 11 months of 2021-22, compared with 26 per cent in 2018-19 (FY19), the lowest in four years, according to data from in­dustry sources. Even the share of those in the price range between Rs 5 lakh and Rs 7.5 lakh has dropped to 32.4 per cent in the same period, from 34.9 per cent.  

Interestingly, the share of pricier models – those