Maruti continues to be in first place, with extra gross sales than Hyundai, Tata, and Mahindra mixed

With the beginning of the brand new yr, many carmakers registered an upward tick in gross sales, as recommended by the brand-wise break up of the January 2024 automobile gross sales figures. Like each month, Maruti remained on prime of the checklist of highest promoting automobiles, nonetheless, Tata misplaced its place which it gained in December 2023 to Hyundai. Here are the main points of the best promoting automobile manufacturers of January 2024.

Takeaways

• Maruti continues to be on prime, with gross sales of almost 1.67 lakh models in January 2024. The carmaker witnessed a giant month-over-month (MoM) development of just about 60 %, and its year-over-year (YoY) gross sales additionally elevated by greater than 13 %.

• Hyundai regained its second place on the checklist of highest automobiles this month. Its month-to-month gross sales grew by shut to34 % and yearly gross sales rose by 14 %.

• While Tata did fall to the third place, it nonetheless managed to get constructive development in each MoM (over 23 %) and YoY (virtually 12 %) gross sales figures, thus reaching complete gross sales of over 50,000 models.

• Mahindra’s gross sales crossed the 40,000 models mark in January 2024. Its MoM gross sales rose by 22.5 % and YoY figures grew by over 30 %.

• Kia’s month-to-month gross sales virtually doubled because it offered greater than 23,000 models in January 2024. But, in comparison with January 2023, its YoY gross sales figures declined by 17 %.

• Toyota noticed an enormous improve in its YoY gross sales this January (by over 82 %), whereas its month-to-month gross sales grew by 8.5 %. It can be the final model to cross the ten,000 models gross sales mark.

• Honda’s MoM and YoY gross sales had the same development in January. Its month-to-month gross sales elevated by virtually 10 %, and yearly gross sales witnessed a development of 11 %.

• Renault is the final model on the checklist which didn’t see any type of decline in gross sales. Its month-to-month gross sales virtually doubled, and yearly gross sales grew by over 27 %.

• MG is the one model which suffered losses in each month-to-month and yearly gross sales. Its MoM gross sales dropped by over 13 % and yearly gross sales fell by 7 %.

• Lastly, Volkswagen has taken the tenth place within the checklist of highest promoting manufacturers. While it did endure a lack of over 33 % in month-to-month gross sales, its yearly gross sales figures nonetheless managed to extend by over 12 %.