Utility vehicles: Little gas beyond Maruti and Hyundai

Decoding the hype Utility vehicles (UVs*) under Rs 15 lakh are the fastest-growing segment in the car industry, and the segment on which the industry's growth ambitions and investments are pinned. However, ET Prime analysis indicates that an outsize share of this growth comes from only three models, Brezza and Ertiga from Maruti and Creta from Hyundai, respectively. Most automakers are consolidating their portfolio, as they realise that the