New Delhi, Nov 4 (PTI) Sports utility vehicles are driving the growth of the domestic passenger vehicle segment with customers looking to upgrade to bigger cars rather than downgrade to smaller ones due to reduced prices post GST rate cut, according to a top Hyundai Motor India executive.

The company, which introduced an all-new version of its compact SUV Venue on Tuesday, said hatchbacks and sedans are part of the overall product mix, but are no longer the driving force behind the 43 lakh-unit-a-year domestic passenger vehicle segment.

Last week, Maruti Suzuki Chairman R C Bhargava stated that the GST rate reduction has sparked the revival of small cars, proving wrong the perception that Indian consumers have moved up to aspirational and bigger segments, and some of the car manufacturer

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