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Sub 4m SUV Sales Jan '24: Tata Punch Leads, Jimny Slumps, Sonet Surges, Segment Grows Strong
Tata Punch leads sub 4m SUV sales, and Maruti Jimny faces a 77.67% MoM decline in January 2024, highlighting market dynamics.
Key Highlights
- Tata Punch (ICE+EV) dominates with 17,978 units.
- Maruti Jimny records a significant 77.67% MoM decline.
- Sub 4m SUV segment sees 42.78% YoY growth.
- Renault Kiger faces a notable 34.95% YoY decline.
- Overall sales reach 1,20,312 units, emphasizing the dynamic nature of the market.
In January 2024, the sub 4m SUV segment experienced a significant decline, with Maruti Suzuki Jimny experiencing the largest decline at 77.67% MoM. Tata Motors, a major player, dominated the market with its sales figures for Nexon and Punch, including their electric counterparts Nexon EV and Punch EV. Thar also registered its best-ever figures in the segment.
YoY Growth Sub-Compact SUVs Chart
Sub-Compact SUVs | Jan-24 | Jan-23 | Diff | Growth % YoY | Share % Jan 24 |
Tata Punch / EV | 17,978 | 12,006 | 5,972 | 49.74 | 14.94 |
Tata Nexon / EV | 17,182 | 15,567 | 1,615 | 10.37 | 14.28 |
Maruti Brezza | 15,303 | 14,359 | 944 | 6.57 | 12.72 |
Maruti Fronx | 13,643 | 0 | 13,643 | - | 11.34 |
Hyundai Venue | 11,831 | 10,738 | 1,093 | 10.18 | 9.83 |
Kia Sonet | 11,530 | 9,261 | 2,269 | 24.50 | 9.58 |
Mahindra Bolero | 9,964 | 8,574 | 1,390 | 16.21 | 8.28 |
Hyundai Exter | 8,229 | 0 | 8,229 | - | 6.84 |
Mahindra Thar | 6,059 | 4,410 | 1,649 | 37.39 | 5.04 |
Mahindra XUV300 | 4,817 | 5,390 | -573 | -10.63 | 4 |
Nissan Magnite | 2,863 | 2,803 | 60 | 2.14 | 2.38 |
Renault Kiger | 750 | 1,153 | -403 | -34.95 | 0.62 |
Maruti Jimny | 163 | 0 | 163 | - | 0.14 |
Total | 1,20,312 | 84,261 | 36,051 | 42.78 | 100 |
Sub 4m SUV Sales January 2024
Tata Punch (ICE+EV) secured the top position in this fiercely competitive segment, selling a staggering 17,978 units. This marked a remarkable 49.74% YoY growth, emphasizing Tata's stronghold in the market. The recently launched Punch EV played a pivotal role in this achievement, contributing significantly to the overall sales.
Not far behind, Nexon (ICE+EV) claimed the second spot with 17,182 units sold, registering a commendable 10.37% YoY growth. The combined sales of Nexon and Punch, both internal combustion engine (ICE) and electric vehicle (EV) variants, accounted for almost 30% of the sub 4m SUV sales in January 2024.
Maruti Suzuki showcased its prowess by selling 15,303 units of Brezza and 13,643 units of Fronx, securing a total market share of 24.06% in the sub 4m SUV category. Brezza witnessed 6.57% YoY growth, while Fronx recorded an impressive 40.77% MoM growth.
Hyundai Venue and Kia Sonet, the dynamic South Korean duo, nearly matched in numbers with 11,831 and 11,530 units sold, respectively. Sonet stole the spotlight with a staggering 1,15,200% MoM growth, attributed to the pre-facelift model's low sales in December 2023 before the launch of the facelifted version.
MoM Growth Sub-Compact Suvs Chart
Sub-Compact SUVs | Jan-24 | Dec-23 | Diff | Growth % MoM | Share % Dec 23 |
Tata Punch / EV | 17,978 | 13,787 | 4,191 | 30.40 | 15.22 |
Tata Nexon / EV | 17,182 | 15,284 | 1,898 | 12.42 | 16.87 |
Maruti Brezza | 15,303 | 12,844 | 2,459 | 19.15 | 14.18 |
Maruti Fronx | 13,643 | 9,692 | 3,951 | 40.77 | 10.70 |
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