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The SUV segment continues to dominate the Indian automotive market, contributing the highest sales volume and YoY growth. MUVs also showed positive growth, thanks to popular models like the Maruti Suzuki Ertiga. However, hatchbacks and sedans are losing m
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The automotive market in September 2024 demonstrated varied performance across brands, body types, and models. Maruti Suzuki continues to dominate, with multiple models in the top rankings, especially in the Multi-Utility Vehicle (MUV), Hatchback, and Sports Utility Vehicle (SUV) segments. However, brands like Mahindra, Hyundai, Tata, and Kia also made notable contributions, especially in the SUV segment. The overall market exhibited a mixture of positive and negative year-over-year (YoY) growth across models.
The Ertiga MUV showed strong performance, ranking as the top-selling model for September 2024. Its substantial YoY growth reflects a continued consumer preference for practical family vehicles with spacious interiors.
The Swift remains a key player in the hatchback market, maintaining steady demand with a 10.46% YoY growth, which reflects the brand's strength in the entry-level car segment.
The Creta continues to be Hyundai's flagship model in the SUV segment, with an impressive YoY growth of 25.04%. This highlights the growing popularity of compact SUVs in India.
The Brezza's growth remains modest, but it still holds a strong position in the SUV segment. Its incremental growth indicates steady demand for this urban SUV.
Mahindra's Scorpio saw robust growth, highlighting its strong presence in the mid-sized SUV segment. Its rugged design and off-road capabilities continue to appeal to Indian consumers.
Analysis: Kia's Sonet showed exceptional performance, more than doubling its sales over the year. This model's rapid growth reflects Kia’s growing footprint in the compact SUV space.
The XUV 3OO’s significant rise in sales underscores Mahindra's successful strategy in the compact SUV market, likely due to updated features and competitive pricing.
The Thar saw impressive growth, fueled by increasing consumer demand for adventure-ready SUVs, further amplified by its off-road credentials and rugged styling.
The Carens displayed strong growth, indicating a rising preference for larger family SUVs, with a focus on comfort and practicality.
Toyota's Hyryder continues to see a healthy rise in sales, showing strong consumer confidence in Toyota's hybrid technology and fuel-efficient vehicles.
Tata Nexon experienced a significant decline in sales, possibly due to increased competition in the compact SUV segment and newer entrants capturing market share.
Analysis: Despite its previous success, the Baleno saw a notable decrease in sales, indicating increased competition in the hatchback market, possibly from newer models.
Analysis: The Kia Seltos also experienced a significant decline, perhaps due to the entry of more affordable competitors in the SUV market.
Rank | OEM | Bodystyle | Model | Sep'24 | Sep'23 | Y-o-Y% |
1 | Maruti Suzuki | MUV | Ertiga | 17,441 | 13,528 | 28.92 |
2 | Maruti Suzuki | Hatchback | Swift | 16,241 | 14,703 | 10.46 |
3 | Hyundai | SUV | Creta | 15,902 | 12,717 | 25.04 |
4 | Maruti Suzuki | SUV | Brezza | 15,322 | 15,001 | 2.13 |
5 | Mahindra | SUV | Scorpio | 14,438 | 11,846 | 21.88 |
6 | Maruti Suzuki | Hatchback | Baleno | 14,292 | 18,417 | -22.39 |
7 | Maruti Suzuki | SUV | Fronx | 13,874 | 11,455 | 21.11 |
8 | Tata | SUV | Punch | 13,711 | 13,036 | 5.17 |
9 | Maruti Suzuki | Hatchback | Wagon R | 13,339 | 16,250 | -17.91 |
10 | Maruti Suzuki | SUV | Eeco | 11,908 | 11,147 | 6.82 |
11 | Tata | SUV | Nexon | 11,470 | 15,325 | -25.15 |
12 | Maruti Suzuki | Sedan | Dezire | 10,853 | 13,880 | -21.8 |
13 | Kia | SUV | Sonet | 10,335 | 4,984 | 107.36 |
14 | Maruti Suzuki | SUV | Grand Vitara | 10,267 | 11,736 | -12.51 |
15 | Hyundai | SUV | Venue | 10,259 | 12,204 | -15.93 |
16 | Mahindra | SUV | XUV 700 | 9,646 | 8,555 | 12.75 |
17 | Mahindra | SUV | XUV 3XO | 9,000 | 4,961 | 81.41 |
18 | Mahindra | SUV | Thar | 8,843 | 5,417 | 63.24 |
19 | Maruti Suzuki | Hatchback | Alto | 8,655 | 7,791 | 11.08 |
20 | Mahindra | SUV | Bolero | 8,180 | 9,519 | -14.06 |
21 | Toyota | MUV | Innova + Hycross | 8,052 | 8,900 | -9.52 |
22 | Kia | SUV | Seltos | 6,959 | 10,558 | -34.08 |
23 | Hyundai | SUV | Exter | 6,908 | 8,647 | -20.11 |
24 | Kia | SUV | Carens | 6,217 | 4,330 | 43.57 |
25 | Toyota | MUV | Hyryder | 5,385 | 3,804 | 41.56 |
Maruti Suzuki remains the market leader, with multiple models in the top 10. However, while some of its models like the Ertiga and Swift saw growth, others like the Baleno and Wagon R experienced declines.
Mahindra had a strong showing, particularly with the Scorpio, XUV 700, and Thar, highlighting its dominance in the SUV category.
Hyundai continued to perform well with the Creta leading the charge, but the Venue saw a decline in sales.
Kia demonstrated impressive growth with models like the Sonet and Carens, indicating its strong positioning in the competitive SUV market.
September 2024 was a month of mixed results for the Indian automotive market. While SUVs continued to drive sales, there were some notable declines in hatchback and sedan segments. Maruti Suzuki maintained its leadership, but the rise of Mahindra, Kia, and Hyundai in the SUV space suggests increasing competition. The market is evolving, with a strong consumer preference for SUVs and MUVs over smaller body types.
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