February 2024 Cars Sales Analysis - Hatchback YoY, MoM Change, 6-Month Trend | V3Cars

In this February 2024 car sales analysis article, we’ll look at the YoY and MoM change in sales figures of all hatchbacks 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 hatchbacks for the last 6 months will give you an idea about their 6-month sales trend.

Hatchback February 2024 Sales

Hatchbacks Segment February 2024 Car Sales - YoY Change

  • Top Gainers:
    • Tata Altroz has shown a significant increase of 15.50%, indicating a growing consumer base.
    • Maruti Suzuki WagonR also sees a healthy growth of 14.94%, reinforcing its position as a preferred choice in the hatchback segment.
  • Top Losers:
    • Hyundai Grand i10 Nios and Maruti Nexa Ignis have experienced the most substantial declines at -48.66% and -55.57% respectively, suggesting a major shift in consumer preferences away from these models.
    • Maruti Suzuki Alto K10 and Hyundai i20 also saw considerable decreases of -35.28% and -44.75%, which could be due to various factors such as the introduction of new models or changes in market dynamics.
  • Stable Performers:
    • Toyota Glanza has a modest growth of 8.48%, indicating steady market acceptance.
  • New Entries:
    • MG Comet EV and Hyundai Ioniq 5 are new entrants in the market, with the MG Comet EV showing promising initial figures. This could reflect the increasing interest in electric vehicles within the hatchback category.

Overall, the data suggests a dynamic hatchback market with significant shifts in consumer preferences. The growth in electric vehicle sales points towards a trend of electrification in the automotive industry. Brands experiencing a decline may need to investigate the underlying causes and adapt their strategies to remain competitive.

HATCHBACKS FEBRUARY 2024 CAR SALES

YOY CHANGE

S.No.

Brand

Model

Segment

Feb 2024

Feb 2023

Change

%Change

Trend

1

Maruti Suzuki

WagonR

B1

19,412

16,889

2,523

14.94%

2

Maruti Nexa

Baleno

B2

17,517

18,592

-1,075

-5.78%

3

Maruti Suzuki

Swift

B1

13,165

18,412

-5,247

-28.50%

4

Maruti Suzuki

Alto K10

A

11,723

18,114

-6,391

-35.28%

5

Tata

Tiago

B1

6,947

7,457

-510

-6.84%

6

Hyundai

i20

B2

5,131

9,287

-4,156

-44.75%

7

Hyundai

Grand i10 Nios

B1

4,947

9,635

-4,688

-48.66%

8

Toyota

Glanza

B2

4,581

4,223

358

8.48%

9

Tata

Altroz

B2

4,568

3,955

613

15.50%

10

Maruti Suzuki

Celerio

A

3,586

4,458

-872

-19.56%

11

Maruti Nexa

Ignis

B1

2,110

4,749

-2,639

-55.57%

12

MG

Comet EV

A

920

-

920

-

-

13

Renault

Kwid

A

828

1,758

-930

-52.90%

14

Hyundai

Ioniq 5

C2

66

-

66

-

-

Hatchback Segment February 2024 Car Sales - MoM Change

  • Top Gainers:
    • MG Comet EV stands out with a significant increase of 82.18%, indicating a strong consumer shift towards electric vehicles in the hatchback segment.
    • Toyota Glanza also shows a robust growth of 22.49%, suggesting an increasing market acceptance.
  • Top Losers:
    • Hyundai i20 and Hyundai Grand i10 Nios have experienced the largest declines at -27.56% and -27.94% respectively, which could be due to various factors such as market saturation or the introduction of competing models.
    • Maruti Suzuki Swift and Maruti Suzuki Celerio also saw considerable decreases of -14.35% and -18.61%, possibly indicating a need for product refreshes or changes in consumer preferences.
  • Stable Performers:
    • Maruti Suzuki WagonR and Tata Tiago have shown positive growth of 9.33% and 7.17% respectively, maintaining their positions as reliable choices in the hatchback category.

The data suggests that while traditional fuel-based hatchbacks are experiencing a mix of growth and decline, there is a notable surge in the sales of electric models like the MG Comet EV. This could reflect a broader trend in the automotive industry towards electrification. The MoM changes provide a snapshot of the short-term market dynamics and can help manufacturers adjust their strategies accordingly.

HATCHBACKS FEBRUARY 2024 CAR SALES

MOM CHANGE

S.No.

Brand

Model

Segment

Feb 2024

Jan 2024

Change

%Change

Trend

1

Maruti Suzuki

WagonR

B1

19,412

17,756

1,656

9.33%

2

Maruti Nexa

Baleno

B2

17,517

19,630

-2,113

-10.76%

3

Maruti Suzuki

Swift

B1

13,165

15,370

-2,205

-14.35%

4

Maruti Suzuki

Alto K10

A

11,723

12,395

-672

-5.42%

5

Tata

Tiago

B1

6,947

6,482

465

7.17%

6

Hyundai

i20

B2

5,131

7,083

-1,952

-27.56%

7

Hyundai

Grand i10 Nios

B1

4,947

6,865

-1,918

-27.94%

8

Toyota

Glanza

B2

4,581

3,740

841

22.49%

9

Tata

Altroz

B2

4,568

4,935

-367

-7.44%

10

Maruti Suzuki

Celerio

A

3,586

4,406

-820

-18.61%

11

Maruti Nexa

Ignis

B1

2,110

2,598

-488

-18.78%

12

MG

Comet EV

A

920

505

415

82.18%

13

Renault

Kwid

A

828

856

-28

-3.27%

14

Hyundai

Ioniq 5

C2

66

95

-29

-30.53%

Hatchback Cars — 6-Month Sales Trend (September 2023 - February 2024)

HATCHBACK CARS 6 MONTH SALES TREND

SEPTEMBER 2023 - FEBRUARY 2024

Brand

Model

Segment

Sep 2023

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

6 Month Avg

Maruti Suzuki

WagonR

B1

16,250

22,080

16,567

8,578

17,756

19,412

16,774

Maruti Nexa

Baleno

B2

18,417

16,594

12,961

10,669

19,630

17,517

15,965

Maruti Suzuki

Swift

B1

14,703

20,598

15,311

11,843

15,370

13,165

15,165

Maruti Suzuki

Alto K10

A

7,791

11,200

8,076

2,497

12,395

11,723

8,947

Hyundai

i20

B2

6,481

7,212

5,727

4,574

7,083

5,131

6,035

Tata

Tiago

B1

6,789

5,356

5,508

4,852

6,482

6,947

5,989

Hyundai

Grand i10 Nios

B1

5,223

6,552

4,708

5,247

6,865

4,947

5,590

Tata

Altroz

B2

6,684

5,984

4,955

4,081

4,935

4,568

5,201

Toyota

Glanza

B2

4,727

4,724

3,950

4,088

3,740

4,581

4,302

Maruti Suzuki

Celerio

A

3,246

4,317

2,215

247

4,406

3,586

3,003

Maruti Nexa

Ignis

B1

2,056

2,374

1,660

392

2,598

2,110

1,865

MG

Comet EV

A

1,020

1,036

698

791

505

920

828

Renault

Kwid

A

747

869

610

457

856

828

728

Hyundai

Ioniq 5

C2

176

117

96

81

95

66

105

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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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