Right now, the 'Lower D' or LD segment -- which the industry defines as a sedan that costs between Rs 1.5 million and Rs 2 million, is longer than 4.5 metres, and powered by an engine of 1.8 litre or larger -- has barely three cars, all of which have been around for over a decade in India.Nevertheless, at least one foreign auto player is looking to bet big on the segment.
from Rediff News https://ift.tt/2SWU5wt
Sunday, 11 November 2018
Carmakers believe market for pricier sedans is at tipping point
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