Save for the Tata Nexon and Renault Kiger, all different SUVs recorded a decline in month-on-month (MoM) gross sales
The subcompact SUV gross sales figures for December 2023 revealed that the general MoM demand of the section went down by over 15.85 %. Leading the charts are sub-4m SUVs from Tata, Maruti, and Hyundai with over 10,000 unit gross sales every. Let’s take a look on the detailed gross sales report for every SUV within the desk under.
Sub-compact SUVs & crossovers
December 2023
November 2023
MoM Growth
Market share present(%)
Market share (% final 12 months)
YoY mkt share (%)
Average gross sales (6 months)
Tata Nexon
15284
14916
2.46
33.89
26.04
7.85
13559
Maruti Brezza
12844
13393
-4.09
28.48
24.2
4.28
14356
Hyundai Venue
10383
11180
-7.12
23.02
17.9
5.12
11264
Mahindra XUV300
3550
4673
-24.03
7.87
10.48
-2.61
4853
Nissan Magnite
2150
2454
-12.38
4.76
4.36
0.4
2452
Renault Kiger
865
530
63.2
1.91
4.52
-2.61
1040
Kia Sonet
10
6433
-99.84
0.02
12.47
-12.45
5666
Total
45086
53579
-15.85
99.95
Key Takeaways
The Tata Nexon crossed the gross sales mark of 15,000 items in December 2023 and it not solely maintained its high place within the subcompact SUV gross sales chart, but it surely was additionally the best-selling automotive in India final month. Tata’s just lately facelifted subcompact SUV witnessed a MoM gross sales development of about 2.5 % final month. Please word that these figures embrace the gross sales of each Tata Nexon and Tata Nexon EV.
Maruti Brezza was the second best-selling sub-4m in December 2023, identical because the earlier month. However, it confronted an MoM lack of over 4 %, which was greater than 1,500 items fewer than its common gross sales of the final six mont
The Hyundai Venue additionally skilled a drop in MoM demand with almost 800 fewer gross sales. It nonetheless managed to cross the ten,000 unit gross sales mark in December 2023.
The subsequent best-selling mannequin of the section was the Mahindra XUV300, crossing over 3,500 unit gross sales. The subcompact SUV confronted a MoM decline of over 24 % in December 2023 gross sales. The XUV300 can also be set to endure a makeover in 2024, and up to date spy pictures additionally reveal new options for the facelifted SUV.
The Nissan Magnite crossed the gross sales mark of two,000 items in December 2023 registering a decline of greater than 12 % in month-to-month gross sales. The Renault Kiger however has not crossed 1,000 unit gross sales final month, nevertheless it nonetheless registered a MoM development of 63 %.
The Kia Sonet’s figures for December 2023 replicate the truth that the sub-4m SUV is about to enter the market in January 2024. As such, the older mannequin’s manufacturing is stopped as soon as pending orders are accomplished.
Except for the Tata Tiago, all other hatchbacks in the list have shown positive growth compared to the previous month
The compact and mid-size hatchback segment remains highly popular, and based on October 2023 sales, Maruti Suzuki continues to lead the market. The Maruti Wagon R and Maruti Swift were the top-selling hatchbacks last month. This report presents the sales data for both midsize and compact hatchbacks. Let’s delve into the detailed sales report.
Models
October 2023
October 2022
September 2023
Maruti Wagon R
22,080
17,945
16,250
Maruti Swift
20,598
17,231
14,703
Hyundai Grand i10 Nios
6,552
8,855
5,223
Tata Tiago
5,356
7,187
6,789
Maruti Celerio
4,317
4,296
3,246
Maruti Ignis
2,374
4,743
2,056
Key Takeaways
The top-selling cars in October 2023, the Maruti Wagon R and Maruti Swift, are the most popular hatchbacks in the country by a significant margin. Both achieved monthly sales of over 20,000 units, showing notable improvement in both month-on-month (MoM) and year-on-year (YoY) aspects.
The Wagon R alone surpassed the combined sales of Hyundai Grand i10 Nios, Tata Tiago, Maruti Celerio, and Maruti Ignis. Meanwhile, the Swift is expected to receive a major update next year, as it has already been seen testing in India.
The next best-selling hatchback on the list, the Hyundai Grand i10 Nios, secured the third position on the sales chart with over 6,500 units sold. While the Hyundai hatchback experienced a positive Month-on-Month (MoM) growth, its year-on-year (YoY) sales declined by 26 percent. It appears to be losing ground to the new Hyundai Exter, which shares the same underpinnings but features SUV-like proportions.
The Tata Tiago is the only hatchback in the list that has experienced declines in both MoM and YoY sales. Tata sold over 5,300 units of the Tiago in October 2023. Note that these figures also include the sales of the Tata Tiago EV.
The Maruti Celerio secured the fifth spot in the sales table by surpassing 4,300 unit sales in October 2023. The Celerio saw positive growth in both MoM and YoY sales.
While Maruti Ignis showed a 15 percent MoM growth in October 2023, its YoY sales decreased by 50 percent. It occupied the last spot in the sales table with around 2,300 unit sales last month. This aged hatchback is usually available with attractive discounts if you’re interested in getting one.
The Kia Sonet experienced the best month-on-month sales growth for the festive period
The demand for sub-4m SUVs increased during the festive period in October 2023, with the Tata Nexon and Maruti Brezza leading the sales charts by crossing the 16,000 sales mark. Here are the model-wise sales details from the previous month:
Sub-compact SUVs & crossovers
October 2023
September 2023
MoM Growth
Market share current(%)
Market share (% last year)
YoY mkt share (%)
Average sales (6 months)
Tata Nexon
16887
15325
10.19
28.44
26.12
2.32
13163
Maruti Brezza
16050
15001
6.99
27.03
18.86
8.17
13655
Hyundai Venue
11581
12204
-5.1
19.5
18.19
1.31
10893
Kia Sonet
6493
4984
30.27
10.93
14.44
-3.51
6511
Mahindra XUV300
4865
4961
-1.93
8.19
11.92
-3.73
4961
Nissan Magnite
2573
2454
4.84
4.33
5.34
-1.01
2487
Renault Kiger
912
980
-6.93
1.53
5.09
-3.56
1279
Total
59361
55909
6.17
Key Takeaways
Tata Nexon’s demand in October 2023 grew by over 10 percent month-on-month (MoM). This includes the sales of the Nexon EV as well. The Nexon facelift received positive feedback with its refreshed design, added comforts, and new features.
Maruti Brezza remains highly popular with 16,050 units sold, experiencing MoM growth of just under 7 percent. It holds a 27 percent market share, marking an improvement of over 8 percent year-on-year (YoY).
Hyundai Venue is the only other model in the segment to exceed 10,000 monthly sales, although its MoM sales performance dropped by 5 percent. The Kia Sonet saw the highest MoM sales growth in October 2023 at 30 percent with close to 6,500 units sold.
The Mahindra XUV300 maintained steady demand during the festive period with just under 5,000 units sold in the previous month.
Nissan Magnite’s demand rose by close to 5 percent during October 2023 with just over 2,500 units, while the Renault Kiger continues to see sales of less than 1,000 units. The Kiger’s MoM performance was nearly 7 percent lower and currently holds a market share of less than 2 percent.
Overall, the subcompact SUV space saw an MoM growth of just over 6 percent.
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.
Sub-compact SUVs & crossovers
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
Key Takeaways
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%.
The Hyundai Venue climbed to the second spot on the sales table by selling2,800 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.
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.
Nissan sold over 2,500 units of the Magnite in August 2023, which is consistent with its average sales in the last six months.
Most brands have registered positive month-on-month (MoM) sales growth
The car sales figures for July 2023 are out, and Maruti Suzuki remains the top-selling carmaker in India, with a significant growth rate. Apart from Maruti, only three other carmakers – Toyota, Volkswagen, and Mahindra – have achieved a month-on-month (MoM) growth of over 10 percent. The sales distribution for the top-performing car manufacturers in India is listed in the table below:
Brands
July 2023
June 2023
MoM Growth (%)
July 2022
YoY Growth (%)
Maruti Suzuki
1,52,126
1,33,027
14.4%
1,42,850
6.5%
Hyundai
50,701
50,001
1.4%
50,500
0.4%
Tata
47,630
47,240
0.8%
47,506
0.3%
Mahindra
36,205
32,585
11.1%
27,771
30.4%
Toyota
20,759
18,237
13.8%
19,693
5.4%
Kia
20,002
19,391
3.2%
22,022
-9.2%
MG
5,012
5,125
-2.2%
4,013
24.9%
Honda
4,864
5,080
-4.3%
6,784
-28.3%
Skoda
4,207
3,966
6.1%
4,447
-5.4%
Volkswagen
3,814
3,394
12.4%
2,915
30.8%
Key Takeaways
Maruti Suzuki surpassed the 1.5 lakh sales mark, achieving the highest MoM growth of over 14 percent. The gap between Maruti and the second best-selling carmaker, Hyundai, is over 1 lakh units. In fact, Maruti sells more cars per month than the next three best-selling carmakers combined.
Hyundai continues to be the second best-selling car manufacturer in India, surpassing 50,000 unit sales in July 2023. There is strong demand for Hyundai cars, likely due to the launch of the new Exter micro-SUV.
Tata has shown consistency in both MoM and YoY sales. The Indian carmaker is expanding its production capacity and working on facelifts for Nexon, Harrier, and Safari, which are expected to be launched next year.
Mahindra has achieved an MoM growth of 11 percent and a YoY growth of 30.4 percent. Mahindra plans to increase its production capacity in the next six months to reduce waiting periods on its SUVs.
Toyota has surpassed Kia to become the fifth best-selling carmaker in India, selling over 20,000 units in July 2023. The automaker is currently experiencing high waiting periods on its MPVs.
Kia achieved a positive MoM sales growth of 3.2 percent, but saw a YoY sales decrease of over 2,000 units. It slipped to the sixth spot in the sales table. The launch of the updated Seltos is expected to reignite sales for Kia.
MG is the next best-selling carmaker with over 5,000 vehicles sold. Its MoM sales declined by 2 percent, but it showed a YoY growth of nearly 25 percent.
Honda experienced a decline in both MoM and YoY sales. It saw a loss of over 4 percent in MoM sales and a 28.3 percent decrease in YoY sales. However, the launch of the new Elevate SUV could improve its results significantly.
Both Skoda and Volkswagen made it to the top 10 list for July 2023 sales, although their sales figures were not as impressive. Together, they did not even reach the 10,000 unit sales mark. However, Volkswagen achieved the highest YoY growth of 30.8 percent.
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