April 2024 Cars Sales Analysis - MPV YoY, MoM Change, 6-Month Trend | V3Cars

In this April 2024 car sales analysis article, we’ll look at the YoY and MoM change in sales figures of all MPVs in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales. Lastly, the table with monthly sales of all MPVs for the last 6 months will give you an idea about their 6-month sales trend.

MPV sales

MPV Segment April 2024 Car Sales - YoY Change

  • Top Gainers:
    • Maruti Suzuki Ertiga: The Ertiga experienced a significant year-over-year increase of 144.83% in sales. This substantial growth could be attributed to factors such as updates in design, features, or increased demand for MPVs in the market.
    • Toyota Innova Crysta + HyCross: The Innova Crysta and HyCross saw a notable year-over-year increase of 46.85% in sales. Toyota's strong brand reputation for reliability and versatility likely contributed to the continued success of this model.
    • Maruti Suzuki Eeco: The Eeco witnessed a year-over-year increase of 14.81% in sales. This could be due to its affordability, practicality, and suitability for various purposes such as commercial use or transportation.
  • Top Losers:
    • Kia Carens: The Carens faced a significant year-over-year decrease of 12.76% in sales. This decline could be attributed to various factors such as market competition, changing consumer preferences, or specific issues with the model.
    • Renault Triber: The Triber saw a notable year-over-year decrease of 19.62% in sales. Despite its versatile seating arrangement and compact size, factors such as increasing competition in the segment or lack of updates may have contributed to the decline.
  • Other Insights:
    • Segment Dynamics: The MPV segment exhibits varied performance, with some models experiencing growth while others face declines. Understanding these dynamics is crucial for manufacturers to tailor their strategies and offerings effectively.
    • Brand Performance: Maruti Suzuki dominates the top gainer list with two models, indicating the brand's strong presence and popularity in the MPV segment. Toyota also maintains its position with the Innova Crysta + HyCross, showcasing the brand's reliability and appeal in this category.
    • Emerging Players: While established brands like Maruti Suzuki and Toyota dominate the MPV segment, newcomers like Kia and Citroen are also making their mark with models such as the Carens and C3 Aircross, respectively. Their performance highlights the increasing competition in the MPV market.
    • In conclusion, while some MPV models demonstrate growth in sales, others face challenges. Manufacturers need to analyze market trends, consumer preferences, and competitive dynamics to adapt their strategies and offerings to stay competitive in the MPV segment.

MPV APRIL 2024 CAR SALES

YOY CHANGE

S.No.

Brand

Model

Segment

Apr 2024

Apr 2023

Change

%Change

Trend

1

Maruti Suzuki

Ertiga

C1

13,544

5,532

8,012

144.83%

2

Maruti Suzuki

Eeco

A

12,060

10,504

1,556

14.81%

3

Toyota

Innova Crysta + HyCross

D1

7,103

4,837

2,266

46.85%

4

Kia

Carens

C2

5,328

6,107

-779

-12.76%

5

Maruti Nexa

XL6

C2

3,509

2,860

649

22.69%

6

Renault

Triber

B2

1,671

2,079

-408

-19.62%

7

Toyota

Rumion

D1

1,192

-

1,192

-

-

8

Maruti Suzuki

Invicto

D1

193

-

193

-

-

9

Citroen

C3 Aircross

C1

93

-

93

-

-

10

Mahindra

Marazzo

C2

20

0

20

-

-

11

Toyota

Vellfire

D2

5

146

-141

-96.58%

MPV Segment April 2024 Car Sales - MoM Change

  • Top Gainers:
    • Kia Carens: The Carens experienced a significant month-over-month increase of 12.48% in sales. This suggests that the model gained popularity or perhaps benefited from promotional activities or incentives during this period.
    • Toyota Rumion: The Rumion saw a substantial month-over-month increase of 73.26% in sales. This surge could be attributed to factors such as marketing campaigns, dealer promotions, or special offers that boosted demand for the model.
    • Maruti Suzuki Eeco: Although the increase is marginal, the Eeco witnessed a slight month-over-month growth of 0.34% in sales. This could be due to its affordability and practicality, making it a preferred choice for certain consumer segments.
  • Top Losers:
    • Toyota Innova Crysta + HyCross: The Innova Crysta and HyCross faced a significant month-over-month decrease of 28.25% in sales. This decline could be attributed to various factors such as market saturation, changing consumer preferences, or specific issues with the model.
    • Maruti Nexa XL6: The XL6 saw a notable month-over-month decrease of 22.11% in sales. Despite its features and offerings, factors such as competition from other models or changes in consumer demand may have contributed to the decline.
    • Citroen C3 Aircross: The C3 Aircross experienced a significant month-over-month decrease of 55.92% in sales. This steep decline could be due to various factors such as limited availability, lack of consumer awareness, or specific issues with the model.
  • Other Insights:
    • Segment Dynamics: The MoM changes in MPV sales highlight the volatility and fluctuation in this segment. Factors such as seasonal variations, promotional activities, and market dynamics can significantly impact sales performance within a short period.
    • Brand Performance: Maruti Suzuki maintains a strong presence with two models on the list, indicating the brand's continued popularity in the MPV segment. However, other brands like Toyota and Kia also demonstrate their competitiveness with models like the Innova Crysta and Carens, respectively.
    • Model-Specific Factors: Understanding the specific factors influencing each model's sales performance is crucial for manufacturers to devise appropriate strategies. Factors such as pricing, features, marketing initiatives, and customer feedback play vital roles in shaping sales trends.
    • In conclusion, while some MPV models experience growth in sales on a month-over-month basis, others face challenges. Manufacturers need to closely monitor market trends, consumer preferences, and competitive dynamics to adapt their strategies and offerings effectively in the MPV segment.

MPV APRIL 2024 CAR SALES

MOM CHANGE

S.No.

Brand

Model

Segment

Apr 2024

Mar 2024

Change

%Change

Trend

1

Maruti Suzuki

Ertiga

C1

13,544

14,888

-1,344

-9.03%

2

Maruti Suzuki

Eeco

A

12,060

12,019

41

0.34%

3

Toyota

Innova Crysta + HyCross

D1

7,103

9,900

-2,797

-28.25%

4

Kia

Carens

C2

5,328

4,737

591

12.48%

5

Maruti Nexa

XL6

C2

3,509

4,505

-996

-22.11%

6

Renault

Triber

B2

1,671

2,247

-576

-25.63%

7

Toyota

Rumion

D1

1,192

688

504

73.26%

8

Maruti Suzuki

Invicto

D1

193

348

-155

-44.54%

9

Citroen

C3 Aircross

C1

93

211

-118

-55.92%

10

Mahindra

Marazzo

C2

20

51

-31

-60.78%

11

Toyota

Vellfire

D2

5

38

-33

-86.84%

MPV Cars — 6-Month Sales Trend (Nov 2023 - Apr 2024)

MPV CARS 6 MONTH SALES TREND

Nov 2023 - Apr 2024

Brand

Model

Segment

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Mar 2024

Apr 2024

6 Month Avg

Maruti Suzuki

Ertiga

C1

12,857

12,975

14,632

15,519

14,888

13,544

14,069

Maruti Suzuki

Eeco

A

10,226

10,034

12,019

12,147

12,019

12,060

11,418

Toyota

Innova Crysta + HyCross

D1

6,910

7,832

9,400

8,481

9,900

7,103

8,271

Kia

Carens

C2

4,620

2,563

5,848

4,832

4,737

5,328

4,655

Maruti Nexa

XL6

C2

3,472

2,226

4,363

4,093

4,505

3,509

3,695

Renault

Triber

B2

1,312

666

2,220

2,205

2,247

1,671

1,720

Toyota

Rumion

D1

718

833

639

730

688

1,192

800

Maruti Suzuki

Invicto

D1

470

502

496

366

348

193

396

Citroen

C3 Aircross

C1

249

339

231

127

211

93

208

Mahindra

Marazzo

C2

49

62

32

51

51

20

44

Toyota

Vellfire

D2

53

37

61

57

38

5

42

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ABOUT THE AUTHOR

Prathu Sharma

Engineer by upbringing, artist by passion, motorhead because ,why not! Likes to know about everything related to technology, switches between american muscle and german innovation depending on the day. Wants to own 69' Mustang Mach 1 and to drive BMW M3 87'someday.

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