SUV Dominance Deepens in India, Hatchback Segment Weakens in FY26

• India's PV market hit record 4.707 million units in FY26, up 8.46% y-o-y, driven by SUVs.
• SUV segment grew 12.66% y-o-y, accounting for most incremental volumes and reaching 56.72% market share.
• Hatchback segment declined 3.14% y-o-y, with its market share dropping to 20.99% due to affordability issues and shifting preferences.
• New launches and updates like Maruti Suzuki Victoris, Tata Sierra, and Hyundai Venue facelift fueled SUV growth.
• SUVs dominated sales charts, with 15 out of 25 best-selling cars in FY26 being SUVs, despite Maruti Suzuki Dzire (sedan) being the top seller.