All automotive manufacturers besides Mahindra skilled a decline in month-on-month (MoM) gross sales in comparison with March 2024
In April 2024, Maruti, as at all times, took the highest spot for being the best-selling automotive model in India, with Hyundai, Tata, Mahindra, and Kia additionally securing spots within the high 5. While few manufacturers recorded optimistic year-on-year (YoY) development, all however Mahindra confronted month-over-month (MoM) gross sales loss. Let’s take a more in-depth have a look at the efficiency of every model in April 2024 gross sales.
|
Brand |
April 2024 |
March 2024 |
MoM Growth % |
April 2023 |
YoY Growth % |
|
Maruti Suzuki |
1,37,952 |
1,52,718 |
-9.7% |
1,37,320 |
0.5% |
|
Hyundai |
50,201 |
53,001 |
-5.3% |
49,701 |
1.0% |
|
Tata |
47,885 |
50,105 |
-4.4% |
47,010 |
1.9% |
|
Mahindra |
41,008 |
40,631 |
0.9% |
34,694 |
18.2% |
|
Kia |
19,968 |
21,400 |
-6.7% |
23,216 |
-14.0% |
|
Toyota |
18,700 |
25,119 |
-25.6% |
14,162 |
32.0% |
|
MG |
4,485 |
4,648 |
-3.5% |
4,551 |
-1.5% |
|
Honda |
4,351 |
7,071 |
-38.5% |
5,313 |
-18.1% |
|
Renault |
3,707 |
4,225 |
-12.3% |
4,323 |
-14.2% |
|
Volkswagen |
3,049 |
3,529 |
-13.6% |
3,032 |
0.6% |
Key Takeaways
-
Maruti Suzuki continued to be the top-selling automotive model in India in April 2024. The automaker retailed greater than 1.37 lakh models, which is greater than the mixed gross sales of Hyundai and Tata. Though the model noticed a decline of almost 9.7 % in month-on-month (MoM) gross sales, its year-on-year (YoY) development was roughly solely 0.5 %.
-
Hyundai stays forward of Tata because the second-best-selling automotive model in April 2024 with over 50,000 unit gross sales. The Korean automaker noticed a unfavourable development of 5.3 % and a optimistic development of 1 % in each MoM and YoY gross sales, respectively.
-
Tata’s MoM gross sales dipped by greater than 3,000 models (approx) final month, the Indian automaker registered a development of 1.9 % in YoY gross sales.
-
Mahindra dispatched greater than 41,000 SUVs final month. It was the one model on this checklist that had optimistic MoM development however solely a measly 0.9 %. However, its yearly gross sales have elevated by virtually 18.2 %. We anticipate this tally to go increased in coming months following the launch of the Mahindra XUV 3XO.
-
Kia witnessed a decline of virtually 6.7 and 14 % in MoM and YoY gross sales with over 20,000 automobiles bought in April 2024.
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With over 19,000 automobiles bought, Toyota registered the very best YoY development on this checklist of 32 %. However, it noticed a decline of 25.6 % gross sales in MoM development.
-
Though MG bought over 4,500 automobiles in April 2024 with a month-to-month decline of round 3.5 %, its yearly gross sales dropped by 1.5 %.
-
Honda noticed the very best MoM decline of 38.5 %. The gross sales dipped by virtually 2,700 models in April 2024. The Japanese automaker additionally recorded a YoY decline of almost 18.1 %. This drop is probably going as a result of introduction of MY2024 updates throughout the lineup in April and can possible go as much as the standard gross sales of over 5,000 models a month.
-
Renault additionally managed to cross the gross sales mark of three,700 models final month, but it surely confronted a decline of 14.2 % in YoY gross sales.
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Volkswagen bought round 3,500 automobiles in March 2024 respectively, going through a decline in each MoM and YoY gross sales.