That is the shift that we are seeing. If you see the replacement cycle every five or six years, the next segment is becoming bigger. Say, 10 years back, the average price of cars would have been ₹3.5 lakh. In FY16, it was around ₹5.5 lakh. Today, it is ₹9-9.5 lakh. This should move up to the ₹10-15 lakh segment and that will become stronger. (Accordingly), our portfolio is also shifting, said Tata Motors passenger vehicles managing director Shailesh Chandra.
