The phase’s month-on-month (MoM) demand remained constant in March 2024
In March 2024, Mahindra’s trio of SUVs accounted for greater than 70 % of the overall midsize SUV gross sales. Close to 30,000 midsize SUVs had been bought final month. Here’s the detailed gross sales report of how every of them carried out final month.
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Mid-size SUVs |
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|
March 2024 |
February 2024 |
MoM Growth |
Market share present(%) |
Market share (% final 12 months) |
YoY mkt share (%) |
Average gross sales (6 months) |
|
|
Mahindra Scorpio |
15151 |
15051 |
0.66 |
50.98 |
68.93 |
-17.95 |
13051 |
|
Mahindra XUV700 |
6611 |
6546 |
0.99 |
22.24 |
40.05 |
-17.81 |
7451 |
|
Tata Safari |
2063 |
2648 |
-22.09 |
6.94 |
14.82 |
-7.88 |
1951 |
|
Tata Harrier |
2054 |
2562 |
-19.82 |
6.91 |
20.08 |
-13.17 |
1957 |
|
MG Hector |
1887 |
1826 |
3.34 |
6.34 |
32.19 |
-25.85 |
2219 |
|
Hyundai Alcazar |
1420 |
1290 |
10.07 |
4.77 |
19.75 |
-14.98 |
1633 |
|
Jeep Compass |
329 |
204 |
61.27 |
1.1 |
3.09 |
-1.99 |
290 |
|
Hyundai Tucson |
110 |
157 |
-29.93 |
0.37 |
4.55 |
-4.18 |
184 |
|
Volkswagen Tiguan |
94 |
102 |
-7.84 |
0.31 |
1.03 |
-0.72 |
155 |
|
Citroen C5 Aircross |
0 |
0 |
#DIV/0! |
0 |
0.4 |
-0.4 |
3 |
|
Total |
29719 |
30386 |
-2.19 |
99.96 |
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Key Takeaways
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With greater than 15,000 models dispatched, Mahindra Scorpio remained on the prime of the gross sales desk. Its March 2024 gross sales alone was greater than the gross sales of all different midsize SUVs mixed. The Scorpio presently has over 50 % market share within the phase. Note that these figures embrace the gross sales of each Mahindra Scorpio Classic and Mahindra Scorpio N.
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The Mahindra XUV700 discovered greater than 6,500 takers in March 2024, with which its month-to-month gross sales remained constant. However, XUV700’s gross sales final month’s gross sales was nonetheless over 800 models lower than its common gross sales of the previous six months.
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The Tata Safari and Tata Harrier collectively crossed the gross sales mark of 4,000 models in March 2024. Both Safari and Harrier skilled month-to-month losses of twenty-two % and practically 20 %, respectively. Both Tata SUVs presently have near 7 % market share every.
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MG dispatched practically 1,900 models of the Hector and its month-to-month gross sales barely grew by greater than 3 %. However, Hector’s year-on-year (YoY) market share declined by practically 26 % in March 2024. These figures embrace the gross sales of each Hector and Hector Plus SUVs.
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The Hyundai Alcazar attracted greater than 1,400 consumers in March 2024, recording a development of near 10 % in month-to-month gross sales. However, Alcazar additionally misplaced 15 % of its market share on a YoY foundation.
Also Check Out: Hyundai Creta And Maruti Grand Vitara Together Accounted For Over 50% Of Total Compact SUV Sales in March 2024
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Though Jeep Compass’ month-to-month gross sales grew by over 60 %, it nonetheless solely managed to search out simply over 300 takers in March 2024.
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With the best MoM decline of 30 %, simply over 100 models of the Hyundai Tucson had been bought in March 2024. On the opposite hand, the Volkswagen Taigun couldn’t even cross the gross sales mark of 100 models, and it additionally recorded shut to eight % loss in month-to-month gross sales.
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At final, the Citroen C5 Aircross couldn’t even discover a single purchaser from the previous 2 months. It remained on the backside of the gross sales chart.
Read More on : Mahindra Scorpio N Automatic