The Tata Nexon witnessed a month-on-month drop in gross sales of over 20 % however nonetheless shipped over 10,000 items
The subcompact SUV gross sales figures for April 2024 revealed that the general MoM demand of the section stayed steady, however solely as a result of the expansion of some fashions offset the decline of others. Leading the charts are sub-4m SUVs from Maruti and Tata with over 10,000 unit gross sales every. Let’s take a look on the detailed gross sales report for every subcompact SUV within the desk beneath.
Sub-compact SUVs & crossovers
April 2024
March 2024
MoM Growth
Market share present (%)
Market share (% final yr)
YoY mkt share (%)
Average Sales (6 months)
Maruti Brezza
17113
14614
17.1
32.43
21.23
11.2
14662
Tata Nexon
11168
14058
-20.55
21.16
26.91
-5.75
15454
Hyundai Venue
9120
9614
-5.13
17.28
18.51
-1.23
10587
Kia Sonet
7901
8750
-9.7
14.97
17.47
-2.5
7053
Mahindra XUV300
4003
2072
93.19
7.58
9.08
-1.5
4033
Nissan Magnite
2404
2701
-10.99
4.55
4.69
-0.14
2583
Renault Kiger
1059
1050
0.85
2
2.08
-0.08
859
Total
52768
52859
-0.17
Key Takeaways
With over 17,000 items retailed, the Maruti Brezza remained the best-selling subcompact SUV within the section, the very best tally for the sub-4m SUV in over a yr. It recorded a progress of practically 17.1 % in MoM gross sales, at the moment holding the very best market share % of over 32 % within the section.
Tata Nexon’s gross sales in April 2024 fell by greater than 20 %, promoting shut to six,000 items fewer in comparison with the Maruti Brezza. It was nonetheless the one different sub-4m SUV to cross 10,000 unit gross sales for the earlier month.
The Hyundai Venue additionally skilled a drop in MoM demand with practically 500 fewer gross sales. It nonetheless managed to safe the third place.
Despite a decline of practically 10 % in month-to-month gross sales, Kia nonetheless dispatched over 7,900 items of the Sonet in April 2024. This determine is over 850 items greater than its common gross sales over the previous six months.
The subsequent best-selling mannequin of the section was the Mahindra XUV300, crossing over 4,000 unit gross sales. The subcompact SUV achieved the very best MoM progress of over 93 % in April 2024 gross sales. Its facelift substitute was launched on the finish of April, the Mahindra XUV 3XO.
The Renault Kiger was the least in style subcompact SUV in April 2024 and it solely discovered over 1,000 consumers final month. However, its efficiency final month’s efficiency was higher than common gross sales of the final six months. Meanwhile, its mechanical sibling the Nissan Magnite loved over 2,400 unit gross sales for a similar month.
The month-on-month gross sales for the Maruti Grand Vitara, Toyota Hyryder and Honda Elevate dropped considerably
The model-wise gross sales and manufacturing knowledge for April 2024 is out and we’ve compiled the efficiency of the hotly contested compact SUV phase. As an entire, the phase witnessed notably fewer models shipped than March 2024. Here’s the total mannequin sensible gross sales figures for the phase:
April 2024
March 2024
MoM Growth
Market share present(%)
Market share (% final 12 months)
YoY mkt share (%)
Average gross sales (6 months)
Hyundai Creta
15447
16458
-6.14
39.76
45.31
-5.55
13180
Maruti Grand Vitara
7651
11232
-31.88
19.69
24.73
-5.04
10239
Kia Seltos
6734
7912
-14.88
17.33
23.04
-5.71
9095
Toyota Hyryder
3252
5965
-45.48
8.37
8.35
0.02
4846
Volkswagen Taigun
1758
1588
10.7
4.52
4.85
-0.33
1766
Honda Elevate
1731
3277
-47.17
4.45
0
4.45
4189
Skoda Kushaq
1159
1293
-10.36
2.98
6.9
-3.92
1725
MG Astor
1019
1274
-20.01
2.62
2.24
0.38
952
Citroen C3 Aircross
93
211
-55.92
0.23
0
0.23
193
Total
38844
49210
-21.06
Key Takeaways
The complete compact SUV phase witnessed a drop in demand for the month of April, shrunk by one-fifth, however nonetheless loved near 40,000 unit gross sales.
Hyundai continues to dominate the phase with the Creta which was the one SUV to realize greater than 10,000 unit gross sales final month. Its month-on-month (MoM) demand dropped by over 6 %, however nonetheless loved gross sales of over 15,000 models. Its calls for embody the gross sales of the Creta N Line.
The Maruti Grand Vitara had the most important MoM losses by way of unit gross sales dropping by greater than 30 %, and the April 2024 gross sales tally stood at a bit of over 7,600 models. In comparability, the common gross sales of the final 6 months for this compact SUV are over 10,000 models.
It wasn’t a great month for the opposite model of the Grand Vitara SUV both, because the Toyota Hyryder gross sales dropped by over 45 % MoM and was the fourth highest-selling mannequin of the phase.
Kia witnessed a drop in MoM demand for the Seltos by nearly 15 %, with a tally effectively beneath its 6-month common gross sales of round 9,000 models.
The Volkswagen Taigun was the one compact SUV with a constructive MoM development, 10 %, for April 2024 gross sales as its tally crossed 1,700 models. Meanwhile, its Skoda-badged sibling, the Kushaq suffered a ten % MoM drop in gross sales with lower than 1,200 models offered.
Production for the Honda Elevate almost halved in April in comparison with March, probably in preparation for the MY2024 updates that improved the SUV’s general security package deal.
The MG Astor gross sales decreased by greater than half this earlier month, barely crossing the 1,000 unit gross sales mark.
At the underside of the phase’s month-to-month gross sales desk, we now have the Citroen C3 Aircross which didn’t even handle to ship 100 models in April.
Expect most of those gross sales figures to be nearer to their common figures within the following month.
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.
The Hyundai Venue was the one one within the section to get pleasure from month-on-month progress in gross sales which positioned it again forward of the Kia Sonet
In March 2024, the Maruti Brezza retained its prime spot within the gross sales tables and maintained its lead over the Tata Nexon. Although the section’s general month-on-month (MoM) gross sales decreased by almost 6 %, near 53,000 subcompact SUVs have been nonetheless offered within the nation final month. Here’s the detailed gross sales report of how every subcompact SUV carried out.
Sub-compact SUVs & crossovers
March 2024
February 2024
MoM Growth
Market share present(%)
Market share (% final 12 months)
YoY mkt share (%)
Average gross sales (6 months)
Maruti Brezza
14614
15765
-7.3
27.64
27.2
0.44
14726
Tata Nexon
14058
14395
-2.34
26.59
24.75
1.84
15665
Hyundai Venue
9614
8933
7.62
18.18
16.8
1.38
11019
Kia Sonet
8750
9102
-3.86
16.55
14.54
2.01
6425
Nissan Magnite
2701
2755
-1.96
5.1
5.46
-0.36
2542
Mahindra XUV300
2072
4218
-50.87
3.91
8.59
-4.68
4514
Renault Kiger
1050
1047
0.28
1.98
2.62
-0.64
847
Total
52859
56215
-5.96
Key Takeaways
With over 14,500 models retailed, the Maruti Brezza remained the best-selling subcompact SUV within the section, regardless of experiencing a lack of greater than 7 % in month-on-month (MoM) gross sales. The Brezza nonetheless maintains the very best market share of just about 28 % within the section.
Tata Nexon’s gross sales in March 2024 fell quick by over 500 models in comparison with the Maruti Brezza, thus sustaining its place because the second best-selling compact SUV within the section. Following the Brezza, the Nexon is the one subcompact SUV right here to surpass the ten,000-unit gross sales mark. Please word that these figures embody each Tata Nexon and Tata Nexon EV gross sales.
The Hyundai Venue, the third best-selling sub-4m SUV, attracted greater than 9,500 consumers in March 2024. It recorded a progress of almost 8 % in MoM gross sales, at the moment holding over 18 % of market share within the section. It’s vital to notice that the Venue’s tally right here combines the gross sales of each Hyundai Venue and Venue N Line.
Despite a decline of almost 8 % in month-to-month gross sales, Kia nonetheless dispatched over 8,500 models of the Sonet in March 2024. This determine is over 2,000 models increased than its common gross sales over the previous six months.
The Mahindra XUV300 took the most important hit of over 50 % in MoM gross sales, and it solely managed to cross the gross sales mark of two,000 models. The essential motive for this decline is that Mahindra is getting ready for the introduction of its facelifted model, the XUV 3XO.
The Renault Kiger was the least promoting subcompact SUV in March 2024 and it solely discovered over 1,000 consumers final month. However, its efficiency final month’s efficiency was higher than common gross sales of the final six months. Meanwhile, its mechanical sibling the Nissan Magnite loved over 2,700 unit gross sales for a similar month for a comparatively steady demand.
All compact SUVs recorded a optimistic month-on-month (MoM) development in March 2024 gross sales
The Hyundai Creta, as ordinary, dominated compact SUV gross sales in March 2024, with the Maruti Grand Vitara following in second place. The section skilled an general development of round 10 p.c final month, with over 49,000 compact SUVs bought. Let’s see how every compact SUV carried out in March 2024 gross sales.
Compact SUVs & crossovers
March 2024
February 2024
MoM Growth
Market share present(%)
Market share (% final yr)
YoY mkt share (%)
Average gross sales (6 months)
Hyundai Creta
16458
15276
7.73
33.44
42.66
-9.22
12557
Maruti Grand Vitara
11232
11002
2.09
22.82
30.55
-7.73
10323
Kia Seltos
7912
6265
26.28
16.07
19.93
-3.86
9536
Toyota Hyryder
5965
5601
6.49
12.12
10.56
1.56
4486
Honda Elevate
3277
3184
2.92
6.65
0
6.65
4591
Volkswagen Taigun
1588
1286
23.48
3.22
6.01
-2.79
1766
Skoda Kushaq
1293
1137
13.72
2.62
6.84
-4.22
1887
MG Astor
1274
1036
22.97
2.58
3.5
-0.92
890
Citroen C3 Aircross
211
127
66.14
0.42
0
0.42
158
Total
49210
44914
9.56
Key Takeaways
The Hyundai Creta continued its domination because the top-selling compact SUV within the nation. Close to 16,500 items of the facelifted Creta have been bought in March 2024, and practically 8 p.c development was recorded in month-to-month gross sales. Though Creta’s year-on-year (YoY) market share went down by over 9 p.c, its March 2024 gross sales was nonetheless round 3,900 items greater than its common gross sales of the final six months.
After the Creta, the Maruti Grand Vitara was the one compact SUV to cross the ten,000 items gross sales mark. Maruti dispatched greater than 11,000 items of the Grand Vitara in March, sustaining the constant month-to-month demand.
With greater than 7,900 items bought, the Kia Seltos’ MoM gross sales went up by greater than 26 p.c in March 2024. However, this determine was nonetheless round 1,600 items decrease than its common gross sales of the previous six months.
The Toyota Hyrder, the mechanical sibling of the Grand Vitara, discovered shut to six,000 patrons in March 2024. No month-to-month losses reported for Toyota’s compact SUV final month.
Honda Elevate additionally maintained a constant MoM demand crossing the gross sales mark of three,000 items. However, it nonetheless fell wanting round 1,300 items in comparison with its common gross sales of the previous six months.
Volkswagen bought 300 extra items of the Taigun compact SUV in March 2024, with its whole gross sales crossing 1,500 items. Taigun’s YoY market share nevertheless declined by practically 3 p.c.
Just just like the Taigun, the Skoda Kushaq additionally registered a optimistic development of over 13 p.c in March 2024, with near 1,300 items retailed. Its YoY market share additionally took a success of greater than 4 p.c.
The MG Astor recorded a MoM development of near 23 p.c, and managed to cross the gross sales mark of 1,000 items.
The Citroen C3 Aircross remained the least promoting compact SUV in March 2024 because it discovered simply over 200 takers final month.
Most automotive manufacturers have registered a optimistic month-on-month (MoM) gross sales progress in final month’s gross sales
The brand-wise gross sales report for March 2024 is out, and as typical, Maruti Suzuki stays the best-selling automotive model in India, with Hyundai, Tata, Mahindra, and Toyota additionally securing spots within the high 5. While most manufacturers recorded optimistic month-over-month (MoM) progress final month, just a few confronted year-on-year (YoY) gross sales losses. Let’s take a more in-depth take a look at the efficiency of every model in March 2024 gross sales.
Brand
March 2024
February 2024
MoM Growth %
March 2023
YoY Growth %
Maruti Suzuki
1,52,718
1,60,272
-4.7
1,32,763
15
Hyundai
53,001
50,201
5.6
50,600
4.7
Tata
50,105
51,270
-2.3
44,047
13.8
Mahindra
40,631
42,401
-4.2
35,976
12.9
Toyota
25,119
23,300
7.8
18,670
34.5
Kia
21,400
20,200
5.9
21,501
-0.5
Honda
7,071
7,142
-1
6,692
5.7
MG
4,648
4,532
2.6
6,051
-23.2
Renault
4,225
4,080
3.6
5,389
-21.6
Volkswagen
3,529
3,019
16.9
3,900
-9.5
Key Takeaways
In March 2024, Maruti Suzuki alone offered greater than 1.5 lakh automobiles in India, surpassing the mixed gross sales of Hyundai, Tata, and Mahindra. Although Maruti’s MoM gross sales declined by almost 5 p.c, it nonetheless achieved a 15 p.c progress in YoY gross sales.
Hyundai surpassed Tata to develop into the second best-selling automotive model in March 2024. The Korean automaker offered round 53,000 automobiles final month, with optimistic progress of 5.6 p.c and 4.7 p.c in each MoM and YoY gross sales, respectively.
Tata slipped to the third spot within the gross sales desk, although it nonetheless crossed the gross sales mark of fifty,000 models final month. Though Tata’s MoM gross sales dipped by greater than 1,000 models final month, the Indian automaker registered a progress of 14 p.c in YoY gross sales.
Mahindra dispatched greater than 40,600 SUVs final month, taking successful of over 4 p.c in month-to-month gross sales. However, its yearly gross sales have elevated by nearly 13 p.c.
With over 25,000 automobiles offered, Toyota not solely registered almost 8 p.c progress in MoM gross sales, but it surely additionally registered the very best progress of 34.5 in YoY gross sales.
Kia additionally registered a progress of virtually 6 p.c in MoM gross sales with over 21,000 automobiles offered in March 2024. The Korean automaker additionally maintained a constant demand in YoY gross sales.
Honda was one other constant performer final month, as soon as once more surpassing the gross sales mark of seven,000 models in March 2024, with solely a 1 p.c decline in MoM gross sales. The Japanese automaker additionally recorded YoY progress of almost 6 p.c.
Though MG offered over 4,500 automobiles in March 2024 with a month-to-month progress of round 3 p.c, its yearly gross sales dropped by greater than 1,400 models in March 2024.
Renault additionally managed to cross the gross sales mark of 4,000 models final month, but it surely confronted a decline of almost 22 p.c in YoY gross sales.
At final, Volkswagen offered greater than 3,500 automobiles in March 2024 registering a progress of round 17 p.c in MoM gross sales. However, its YoY gross sales dipped by almost 10 p.c in March 2024.
Only two SUVs right here witnessed a development of their month-on-month (MoM) gross sales numbers
The sub-4m SUV section has seven key members together with the group favourites such because the Tata Nexon and Maruti Brezza. While the Nexon dominated the section’s gross sales chart within the final couple of months, February 2024 witnessed the Maruti SUV regain the highest spot. The section, total, witnessed gross sales of over 55,000 models but it surely was down by greater than 12.5 p.c in comparison with January 2024.
Here’s an in depth have a look at how these SUVs carried out in February 2024 gross sales:
Sub-compact SUVs & crossovers
February 2024
January 2024
MoM Growth
Market share present(%)
Market share (% final 12 months)
YoY mkt share (%)
Average gross sales (6 months)
Maruti Brezza
15765
15303
3.01
28.04
27.53
0.51
14527
Tata Nexon
14395
17182
-16.22
25.6
24.27
1.33
14607
Kia Sonet
9102
11530
-21.05
16.19
17.15
-0.96
5595
Hyundai Venue
8933
11831
-24.49
15.89
17.43
-1.54
11355
Mahindra XUV300
4218
4817
-12.43
7.5
6.64
0.86
4643
Nissan Magnite
2755
2863
-3.77
4.9
3.8
1.1
2504
Renault Kiger
1047
750
39.6
1.86
3.14
-1.28
828
Total
56215
64276
-12.54
Key Takeaways
With over 15,000 models shipped, the Maruti Brezza took again the crown of the best-selling sub-4m SUV. Its market share stood at a little bit over 28 p.c.
The Tata Nexon slipped to the second spot with whole gross sales of over 14,000 models. Its month-on-month (MoM) determine dipped by over 16 p.c and it did not even match its common 6-month gross sales numbers. Do word that the whole gross sales determine contains gross sales information of the Tata Nexon EV as nicely.
While the Kia Sonet’s February 2024 gross sales beat its common 6-month gross sales figures, the SUV witnessed a drop in its MoM quantity by greater than 21 p.c. Even its year-on-year (YoY) market share decreased by round 1 p.c.
The Hyundai Venue was shut on the heels of the Sonet because it registered whole gross sales of practically 9,000 models. Its market share stood near 16 p.c in February 2024. Note that the Venue’s gross sales figures additionally embody the gross sales information of the Hyundai Venue N Line.
Although the Mahindra XUV300 managed to cross the 4,000-unit gross sales mark, it did not transcend its common 6-month gross sales determine. Its market share stood at 7.5 p.c.
The mixed gross sales of the Nissan Magnite and Renault Kiger didn’t handle to transcend the 4,000-unit gross sales mark, placing each the SUVs behind the XUV300. That mentioned, the Kiger was the one different SUV (after the Brezza right here) to witness a optimistic MoM development of practically 40 p.c.
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.
The Tata Harrier and Safari witnessed robust progress of their month-on-month demand
In January 2024, the midsize SUV section skilled an general month-over-month (MoM) progress of almost 27 p.c. Most SUVs demonstrated constructive MoM gross sales progress final month with Mahindra’s Scorpio N and Scorpio Classic promoting almost twice as many items (collectively) than the subsequent highest-selling mid-size SUV – the Mahindra XUV700. Let’s see how every midsize SUV has carried out final month on this detailed gross sales report.
Mid-size SUVs
January 2024
December 2023
MoM Growth
Market share present(%)
Market share (% final 12 months)
YoY mkt share (%)
Average gross sales (6 months)
Mahindra Scorpio
14293
11355
25.87
45.74
83.27
-37.53
11564
Mahindra XUV700
7206
5881
22.53
23.06
55.29
-32.23
7274
Tata Safari
2893
2103
37.56
9.25
9.86
-0.61
1479
Tata Harrier
2626
1404
87.03
8.4
15.02
-6.62
1722
Hyundai Alcazar
1827
954
91.5
5.84
14.68
-8.84
1603
MG Hector
1817
2184
-16.8
5.81
23.32
-17.51
2305
Jeep Compass
286
246
16.26
0.91
4.63
-3.72
283
Hyundai Tucson
183
209
-12.44
0.58
1.72
-1.14
207
Volkswagen Tiguan
113
275
-58.9
0.36
0.68
-0.32
162
Citroen C5 Aircross
1
2
-50
0
0.15
-0.15
5
Total
31245
24613
26.94
99.95
Key Takeaways
The Mahindra Scorpio moniker has all the time been a high-selling SUV, with its numbers amplified because the figures are mixed for each the Scorpio N and Scorpio Classic variations. It claimed the highest spot because the best-selling midsize SUV in January 2024 with a present market share of over 45 p.c. The gross sales of the Mahindra Scorpio alone exceeded the mixed gross sales of the Tata Harrier, Safari, Hyundai Alcazar, MG Hector, Jeep Compass, Hyundai Tucson, Volkswagen Tiguan, and Citroen C5 Aircross. It’s vital to notice that these gross sales figures embody each the Mahindra Scorpio N and the Mahindra Scorpio Classic.
The Mahindra XUV700 was the second best-selling midsize SUV final month. With over 7,000 items retailed, its January 2024 gross sales stay constant to the typical gross sales of the previous six months, indicating constant demand available in the market.
Both Tata Harrier and Tata Safari registered a constructive progress in month-to-month gross sales, and Tata retailed over 5,500 items of each SUVs mixed. Their January 2024 gross sales had been additionally greater than the typical gross sales of the final six months.
In January, the Hyundai Alcazar witnessed the best month-over-month (MoM) progress, exceeding 91 p.c, with 1,827 items retailed. However, Alcazar’s year-on-year (YoY) market share decreased by almost 9 p.c.
MG additionally retailed over 1,800 items of the Hector midsize SUV, securing it the sixth spot within the gross sales desk. However, Hector’s month-over-month (MoM) gross sales decreased by almost 17 p.c in January. It’s vital to notice that these gross sales figures embody each the five-seater MG Hector and the three-row MG Hector Plus.
Despite sustaining constant gross sales efficiency during the last six months, the Jeep Compass solely attracted 286 patrons final month. Its YoY market share diminished by greater than 3 p.c, presently standing at lower than 1 p.c within the section.
The Tucson, Hyundai’s flagship ICE (inner combustion engine) powered SUV in India, skilled a decline of round 12.5 p.c in gross sales final month with lower than 200 items offered.
In January 2024 gross sales, the Volkswagen Tiguan took the ninth spot within the gross sales desk, experiencing the best MoM lack of round 59 p.c.
The Citroen C5 Aircross solely managed to seek out one purchaser in January 2024, making it the least offered mannequin in its section for the month.
