The Nexon suffered the highest month-on-month loss in August 2023 sales, likely because customers are awaiting the launch of the facelift this month
In August 2023, the Maruti Brezza retained its title as the best-selling subcompact SUV, followed by the Hyundai Venue. These were the only two SUVs that sold more than 10,000 units in August. However, the overall sub-4m SUV segment experienced a decline of 9.4% compared to the previous month, with the Tata Nexon being the most affected. Let’s take a closer look at the sales figures of sub-4m SUV models in August 2023.
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Sub-compact SUVs & crossovers |
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August 2023 |
July 2023 |
MoM Growth |
Market share current(%) |
Market share (% last year) |
YoY mkt share (%) |
Average sales (6 months) |
|
|
Maruti Brezza |
14,572 |
16,543 |
-11.91 |
31.58 |
25.52 |
6.06 |
14,062 |
|
Hyundai Venue |
10,948 |
10,062 |
8.8 |
23.72 |
18.88 |
4.84 |
10,371 |
|
Tata Nexon |
8,049 |
12,349 |
-34.82 |
17.44 |
25.34 |
-7.9 |
14,047 |
|
Mahindra XUV300 |
4,992 |
4,533 |
10.12 |
10.81 |
7.26 |
3.55 |
4,792 |
|
Kia Sonet |
4,120 |
4,245 |
-2.94 |
8.92 |
13.17 |
-4.25 |
8,079 |
|
Nissan Magnite |
2,528 |
2,152 |
17.47 |
5.47 |
5.36 |
0.11 |
2,564 |
|
Renault Kiger |
929 |
1,043 |
-10.93 |
2.01 |
4.43 |
-2.42 |
1,522 |
|
Total |
46,138 |
50,927 |
-9.4 |
99.95 |
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Key Takeaways
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Despite a nearly 12% decline in sales compared to the previous month, the Maruti Brezza maintained its position as the best-selling subcompact SUV in August 2023. With over 14,500 units sold, this Maruti SUV also achieved a year-on-year growth of 6%.
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The Hyundai Venue climbed to the second spot on the sales table by selling 2,800 units more than the Tata Nexon. With a month-over-month growth of 8.8%, the Venue is the only subcompact SUV, after the Brezza, to exceed the 10,000-unit sales mark. Additionally, the Venue recently received a safety update, making it an attractive option for customers.
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Sales of the Nexon took a significant hit in August 2023, decreasing by 34.82%. This can be attributed to customers eagerly awaiting the launch of the Tata Nexon facelift and its updated electric version, scheduled for September 14. With new tech features and a refreshed design, it is expected that the Nexon will regain its momentum in the market.
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Nissan sold over 2,500 units of the Magnite in August 2023, which is consistent with its average sales in the last six months.
Read More on: Brezza Automatic