The phase’s month-to-month gross sales have gone up by over 10 %, with greater than 6,600 items bought in March 2024
It looks as if the compact sedan phase ended the monetary yr 2023-2024 on a constructive word as steered by March 2024 gross sales. The Volkswagen Virtus leads the gross sales chart, carefully adopted by the Hyundai Verna. Except the Honda City, nearly all compact sedans have proven constructive month-on-month (MoM) progress final month. Here’s a breakdown of how every sedan carried out in March 2024 gross sales.
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Compact sedans |
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March 2024 |
February 2024 |
MoM Growth |
Market share present(%) |
Market share (% final yr) |
YoY mkt share (%) |
Average gross sales (6 months) |
|
|
Volkswagen Virtus |
1847 |
1631 |
13.24 |
27.87 |
17.71 |
10.16 |
1741 |
|
Hyundai Verna |
1716 |
1680 |
2.14 |
25.89 |
37.12 |
-11.23 |
1865 |
|
Skoda Slavia |
1358 |
1028 |
32.1 |
20.49 |
15.56 |
4.93 |
1584 |
|
Honda City |
1116 |
1184 |
-5.74 |
16.84 |
26.62 |
-9.78 |
1318 |
|
Maruti Suzuki Ciaz |
590 |
481 |
22.66 |
8.9 |
2.96 |
5.94 |
633 |
|
Total |
6627 |
6004 |
10.37 |
99.99 |
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Key Takeaways
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With over 1,800 items bought, the Volkswagen Virtus was the best-selling compact sedan in March 2024. The Virtus recorded month-to-month gross sales progress of over 13 %, and it has almost 28 % market share within the phase.
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The Hyundai Verna narrowly missed surpassing the Virtus’ gross sales by simply 131 items. Despite sustaining constant month-on-month gross sales with over 1,700 dispatches, its year-on-year (YoY) market share declined by greater than 11 %.
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Skoda’s compact sedan, the Slavia, attracted greater than 1,300 patrons in March 2024. Despite registering the very best 32 % progress in month-on-month (MoM) gross sales, the Slavia’s gross sales final month had been nonetheless over 200 items lower than its common gross sales during the last six months.
Also Check Out: Tata Punch Became The Best-selling Car In India For The First Time In March 2024
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The Honda City is the one compact sedan right here which took successful in month-to-month gross sales, nonetheless it nonetheless crossed the gross sales mark of 1,000 items. The City’s YoY market share additionally went down by almost 10 %. We suspect this drop in output was because of the change in variant-wise options that had been introduced in April 2024, and the Honda sedan ought to return to its ordinary gross sales output quickly.
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The Maruti Ciaz, now thought-about a dated mannequin within the phase, emerged because the least promoting compact sedan in March 2024. Despite attracting lower than 600 patrons final month, its month-to-month gross sales elevated by over 100 items.
Read More on : Hyundai Verna on road price