Nissan Motor India has become the latest automaker this year to bet on compact sports utility vehicles (SUVs), the only segment of passenger vehicles where demand has been undented in the ongoing slowdown. Terrano, the new kid in town, will be priced below Rs10 lakh and officially launched in October, the company said at its formal unveiling on Tuesday. Pre-bookings will start in September. Nissan is banking on the growing demand for compact SUVs, even though the overall utility vehicle (UV) segment has started to decline. Between April and July this fiscal, UV volumes declined 1.03% in the domestic market, as per Society of Indian Automobile Manufacturers data.