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.
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.
Volkswagen bought round 3,500 automobiles in March 2024 respectively, going through a decline in each MoM and YoY gross sales.
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.
Mid-size SUVs
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
Key Takeaways
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.
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.
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.
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.
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.
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.
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.
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.
Hyundai Creta overtook the Maruti choices to turn out to be the second best-selling automobile in March 2024
In March 2024, the Tata Punch, for the primary time ever, was the best-selling automobile in India. The Punch was carefully adopted by the Hyundai Creta which overtook the Maruti Wagon R, Maruti Dzire, and Maruti Swift. Here’s how every mannequin within the listing of prime 15 best-selling automobiles carried out in March 2024.
Models
March 2024
March 2023
February 2024
Tata Punch
17,547
10,894
18,438
Hyundai Creta
16,458
14,026
15,276
Maruti Wagon R
16,368
17,305
19,412
Maruti Dzire
15,894
13,394
15,837
Maruti Swift
15,728
17,559
13,165
Maruti Baleno
15,588
16,168
17,517
Mahindra Scorpio
15,151
8,788
15,051
Maruti Ertiga
14,888
9,028
15,519
Maruti Brezza
14,614
16,227
15,765
Tata Nexon
14,058
14,769
14,395
Maruti Fronx
12,531
–
14,168
Maruti Eeco
12,019
11,995
12,147
Maruti Grand Vitara
11,232
10,045
11,002
Mahindra Bolero
10,347
9,546
10,113
Toyota Innova Crysta
9,900
8,075
8,481
Key Takeaways
The Tata Punch, with greater than 17,500 dispatches, was the best-selling automobile in March 2024. However, its month-to-month gross sales decreased by 891 models in comparison with February 2024, although it registered a big development of 61 p.c in year-on-year (YoY) gross sales. Please be aware that these figures embrace the gross sales of each Tata Punch and Tata Punch EV.
The Hyundai Creta compact SUV turned the second best-selling automobile final month, with gross sales of almost 16,500 models. The Creta registered a constructive development of over 1,000 models in month-to-month gross sales and almost 2,500 models within the year-on-year (YoY) comparability.
With a decline of 16 p.c in month-on-month (MoM) gross sales, the Maruti Wagon R slipped from the primary to the third spot within the gross sales desk. More than 16,000 models of the Maruti Wagon R had been offered in March 2024, which is simply 937 models lower than in March 2023.
The Maruti Dzire maintained a constant demand in MoM gross sales, with almost 15,900 models dispatched final month. Maruti’s subcompact sedan additionally registered a development of 19 p.c on YoY gross sales.
Closely following the Dzire, greater than 15,700 models of the Maruti Swift had been dispatched final month. Though the hatchback’s month-to-month gross sales elevated by 19 p.c in March 2024, its YoY gross sales dipped by 10 p.c. In case you’re trying to purchase a new Swift quickly, do be aware that the next-generation of the hatchback is ready to reach within the coming months.
The Maruti Baleno is the one premium hatchback which made it to the listing of prime 15 best-selling automobiles in March 2024. Maruti offered nearly 15,600 models of the Baleno final month, regardless of losses of 11 p.c and 4 p.c in each MoM and YoY gross sales, respectively.
The Mahindra Scorpios additionally crossed the gross sales mark of 15,000 models in March 2024, sustaining a constant efficiency in month-to-month gross sales. The Mahindra SUV registered the best 72 p.c development in yearly gross sales. These figures embrace the gross sales of each Mahindra Scorpio N and Mahindra Scorpio Classic.
With over 14,800 dispatches, the Maruti Ertiga was the eight highest promoting mannequin in March 2024. The MPV’s yearly gross sales went up by over 5,800 models, although its month-to-month gross sales went down by over 631 models.
Though Maruti Brezza’s MoM gross sales declined by 7 p.c final month, its March 2024 gross sales had been nonetheless 556 models greater than that of its direct rival, the Tata Nexon. The Tata Nexon then again, maintained a constant efficiency in each month-to-month and yearly gross sales, crossing the gross sales mark of 14,000 models. Note, the Nexon’s tally consists of gross sales of the Nexon EV as nicely.
Maruti’s sub-4m crossover, the Fronx, confronted a decline of 12 p.c in MoM gross sales. Maruti dispatched greater than 12,500 models of the Fronx in March 2024. The Fronx has additionally bought a brand new competitor within the type of Toyota Urban Cruiser Taisor, which is a rebadged model of the Fronx, launched in April solely.
With over 12,000 models retailed, the Maruti Eeco was one other constant performer final month.
The Maruti Grand Vitara crossed the gross sales mark of 11,000 models final month, with no losses in month-to-month and yearly gross sales. However its March 2024 gross sales nonetheless fell wanting over 5,000 models in comparison with its section rival, the Hyundai Creta.
Another Mahindra within the listing, the Bolero, attracted greater than 10,000 consumers in March 2024. Its YoY gross sales elevated by 8 p.c final month. Please be aware that these numbers embrace the gross sales figures of each Mahindra Bolero and Bolero Neo.
Last on this listing and in addition the priciest mannequin right here, the Toyota Innova Crysta discovered 9,900 consumers in March 2024. The diesel-only MPV loved respectable development, as itsMoM and YoY gross sales went up by 17 p.c and 23 p.c, respectively.
Most automobile manufacturers skilled decline in month-on-month (MoM) gross sales in comparison with January 2024
In February 2024, Maruti like all the time took the highest spot for being one of the best promoting automobile model in India. Last month, Tata climbed as much as the second spot beating Hyundai, the fourth time ever. Save for Mahindra, MG, and Renault, all different manufacturers talked about right here have skilled decline in month-to-month gross sales. Let’s take a look on the gross sales efficiency of every model for final month.
Brand
February 2024
January 2024
MoM Growth %
February 2023
YoY Growth %
Maruti Suzuki
1,60,272
1,66,802
-3.9
1,47,467
8.7
Tata
51,270
53,635
-4.4
42,865
19.6
Hyundai
50,201
57,115
-12.1
46,968
6.9
Mahindra
42,401
43,068
-1.5
30,221
40.3
Toyota
23,300
23,197
0.4
15,267
52.6
Kia
20,200
23,769
-15
24,600
-17.9
Honda
7,142
8,681
-17.7
6,086
17.4
MG
4,532
3,825
18.5
4,193
8.1
Renault
4,080
3,826
6.6
6,616
-38.3
Volkswagen
3,019
3,267
-7.6
3,313
-8.9
Key Takeaways
Maruti Suzuki continued to be the top-selling automobile model in India in February 2024. The automaker retailed greater than 1.60 lakh items final month, which is greater than the mixed gross sales of Tata, Hyundai, and Mahindra. Though the model noticed a decline of practically 4 p.c in month-on-month (MoM) gross sales, its year-on-year (YoY) progress was roughly 9 p.c.
Tata overtook Hyundai in February 2024 gross sales by promoting greater than 50,000 vehicles in February 2024. The model additionally registered a YoY progress of practically 20 p.c.
Hyundai’s MoM gross sales declined by over 12 p.c in February 2024, although it nonetheless crossed the 50,000-unit mark.
Even although Mahindra’s MoM gross sales dipped by 1.5 p.c final month, the automaker bought greater than 42,000 SUVs in February. The Indian automaker additionally registered important progress of over 40 p.c in YoY gross sales.
Toyota additionally climbed as much as the fifth spot within the gross sales desk overtaking Kia, by promoting 23,000-odd items final month. Its MoM demand grew by a small margin, whereas it additionally witnessed the best YoY progress of practically 53 p.c.
Kia’s month-to-month gross sales declined by 15 p.c in February 2024. The automaker retailed over 20,000 vehicles final month, however noticed a downfall of practically 18 p.c in yearly gross sales.
Though Honda registered a YoY progress of practically 17.5 p.c final month, its February gross sales nonetheless fell brief by over 1,500 items in comparison with January 2024.
MG is the one automaker right here to witness a constructive progress in each MoM and YoY gross sales of 18.5 p.c and over 8 p.c, respectively. The carmaker retailed greater than 4,500 in February 2024.
Though Renault witnessed the most important decline of greater than 38 p.c in yearly gross sales, it managed to promote greater than 4,000 vehicles final month. The model registered a MoM progress of near 7 p.c.
With slightly over 3,000 items dispatched, Volkswagen took the final spot on the gross sales chart. The German automake’s MoM and YoY figures dipped by over 7.5 p.c and practically 9 p.c, respectively.
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