Tata Nexon Extends Lead Over Maruti Brezza In October 2023 Sub-4m SUV Sales
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Tata Nexon Extends Lead Over Maruti Brezza In October 2023 Sub-4m SUV Sales

Tata Nexon Extends Lead Over Maruti Brezza In October 2023 Sub-4m SUV Sales

The Kia Sonet experienced the best month-on-month sales growth for the festive period

Tata Nexon, Maruti Brezza, Hyundai Venue

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.

Read More on : Maruti Brezza on road price