India's auto segment is booming like never before.
It's just the second month of the New Year and already there have been a number of car launches and upgrades.
Price is no longer king. Maruti now has a new strategy to score over rivals.
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.