February 2024 Most Detailed All Cars Sales Analysis, YoY, MoM Change | V3Cars

In this February 2024 all car sales analysis article, we’ll look at the YoY and MoM change in sales figures for each car, brand, segment and body style. We’ll also include last 6 month sales figures of each car, brand, segment and body-style to give you an idea about the longer term trend in vehicle sales. This is the most detailed full car sales analysis and the only report you need to predict the direction of the Indian passenger car sector. Let’s start with the segment wise sales data.

February 2024 Detailed Car Sales Analysis

February 2024 — Car Segment-wise Sales Analysis

Here we will look at the sales figures of each of the car segment sales in February 2024 and find out which segments are expanding and which ones are shrinking.

February 2024 Car Segment-wise MoM Sales Change

The following table presents the MoM change of each car segment sales in February 2024:

SEGMENT-WISE FEB 2024 CAR SALES

MOM CHANGE

S.No.

Segment

Feb 2024

Jan 2024

Change

% Change

Trend

1

B2

1,54,494

1,67,857

-13,363

-7.96%

2

B1

65,019

67,049

-2,030

-3.03%

3

C1

61,101

61,856

-755

-1.22%

4

D1

35,895

36,980

-1,085

-2.93%

5

A

32,263

33,635

-1,372

-4.08%

6

C2

19,204

21,970

-2,766

-12.59%

7

D2

4,202

4,124

78

1.89%

Segment-wise Insights - MoM Change:

  • Top Gainers:
    • Segment D2 is the only segment that experienced growth, with a 1.89% increase, translating to 78 more units sold.
  • Top Losers:
    • Segment C2 faced the most significant decline with a -12.59% decrease, which means 2,766 fewer units were sold.
    • Segment B2, the largest segment by volume, also saw a substantial drop of -7.96%, equating to 13,363 fewer units sold MoM.
  • Stable Performers:
    • Segment C1 had the smallest decrease of -1.22%, losing 755 units compared to the previous month.
    • Segments A and D1 also showed relatively small declines of -4.08% and -2.93% respectively.

Overall, the data indicates a general downward trend in sales across most segments, with only Segment D2 showing an increase. The significant drops in Segments C2 and B2 suggest a shift in consumer preference or market dynamics that could be impacting these particular car segments.

February 2024 Car Segment-wise YoY Sales Change

The following table presents the YoY change of each car segment sales in February 2024:

SEGMENT-WISE FEB 2024 CAR SALES

YOY CHANGE

S.No.

Segment

Feb 2024

Feb 2023

Change

% Change

Trend

1

B2

1,54,494

1,41,061

13,433

9.52%

2

B1

65,019

68,311

-3,292

-4.82%

3

C1

61,101

42,369

18,732

44.21%

4

D1

35,895

20,203

15,692

77.67%

5

A

32,263

39,443

-7,180

-18.2%

6

C2

19,204

18,282

922

5.04%

7

D2

4,202

4,576

-374

-8.17%

Segment-wise Insights - YoY Change:

  • Top Gainers:
    • Segment D1 shows the most significant growth with a 77.67% increase, which translates to 15,692 more units sold.
    • Segment C1 also exhibits strong growth with a 44.21% increase, amounting to 18,732 additional units sold.
    • Segment B2 has a notable increase of 9.52%, selling 13,433 more units.
  • Top Losers:
    • Segment A experienced the largest decline with an -18.2% decrease, resulting in 7,180 fewer units sold.
    • Segment D2 also saw a decrease of -8.17%, with 374 fewer units sold.
  • Stable Performers:
    • Segment C2 had a moderate increase of 5.04%, selling 922 more units.
    • Segment B1 showed a smaller decline of -4.82%, with 3,292 fewer units sold.

These insights indicate that while some segments like D1 and C1 are experiencing significant growth, others such as A and D2 are facing declines. The overall trend suggests a shift in consumer preferences, with higher growth in the middle segments (C1 and B2) compared to the entry-level (A) and the higher-end (D2) segments.

February 2024 Car Segment-wise 6-Month Sales Trend

The following table will help you understand which car segments are in an uptrend and which ones are on a slippery slope:

SEGMENT-WISE 6 MONTH SALES TREND

SEPT 2023 - FEB 2024

Segment

Sept 2023

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Average

B2

1,54,610

1,56,789

1,42,061

1,23,932

1,67,857

1,54,494

1,49,960

B1

58,057

72,277

58,137

44,699

67,049

65,019

60,873

C1

63,472

65,482

57,153

55,099

61,856

61,101

60,697

D1

34,898

36,890

32,110

31,130

36,980

35,895

34,663

A

26,511

33,765

23,708

14,086

33,635

32,263

27,328

C2

21,721

22,438

19,085

14,285

21,970

19,204

19,785

D2

3,567

3,212

2,614

3,973

4,124

4,202

3,654

  • Segment B2 is the largest in terms of volume, with an average of 149,960 units sold over the six months. Despite fluctuations, it maintained its position as the segment with the highest sales.
  • Segment B1 and C1 show consistent performance with averages close to 60,873 and 60,697 units, respectively. These segments appear to be stable choices among consumers.
  • Segment D1 has the lowest average sales at 34,663 units, but it shows less volatility compared to other segments, indicating a niche but consistent customer base.
  • Segment A experienced the most significant drop in December 2023, which could indicate seasonal trends or a shift in consumer preference during that period.
  • Segment C2 shows the lowest sales in December 2023, similar to Segment A, suggesting possible market influences affecting these segments during the year-end.
  • Segment D2, while being the smallest segment, shows a slight increase in February 2024, hinting at a potential uptick in interest for this category.

Overall, the data suggests that while the B2 segment dominates the market, other segments like B1 and C1 also maintain a significant share. The A and C2 segments might be more sensitive to market changes or seasonal influences. The D1 and D2 segments, although smaller, show signs of steady demand.

February 2024 — Car Bodystyle-wise Sales Analysis

Here we will look at the sales figures of each of the car body style sales in February 2024 and find out which body styles are growing in demand and which ones are declining.

February 2024 Car Bodystyle-wise MoM Sales Change

The following table presents the MoM change of each car body style sales in February 2024:

BODY-WISE FEB 2024 CAR SALES 

MOM CHANGE

S.No.

Body Style

Feb 2024

Jan 2024

Change

% Change

Trend

1

SUV

1,96,234

2,06,634

-10,400

-5.03%

2

Hatch

95,501

1,02,716

-7,215

-7.02%

3

MPV

48,608

49,941

-1,333

-2.67%

4

Sedan

31,590

33,891

-2,301

-6.79%

5

Pickup

245

289

-44

-15.22%

  • Top Losers:
    • Pickup trucks experienced the largest percentage decrease with a -15.22% drop, although the volume change was small, with 44 fewer units sold.
    • Hatchbacks saw a significant decrease of -7.02%, with 7,215 fewer units sold, indicating a notable shift in consumer preference or market conditions.
    • Sedans also faced a decline of -6.79%, translating to 2,301 fewer units sold.
  • Stable Performers:
    • SUVs, despite being the largest category by volume, saw a decrease of -5.03%, which equates to 10,400 fewer units sold.
    • MPVs showed the smallest decline of -2.67%, losing 1,333 units compared to the previous month.

Overall, the data indicates a general downward trend across all body styles, with the most significant impact on pickup trucks in terms of percentage change. The SUV category, while still leading in volume, has also seen a noticeable decrease, suggesting a potential cooling in the market demand for this body style.

February 2024 Car Bodystyle-wise YoY Sales Change

The following table presents the YoY change of each car body style sales in February 2024:

BODY-WISE FEB 2024 CAR SALES

YOY CHANGE

S.No.

Body Style

Feb 2024

Feb 2023

Change

% Change

Trend

1

SUV

1,96,234

1,47,174

49,060

33.33%

2

Hatch

95,501

1,17,529

-22,028

-18.74%

3

MPV

48,608

34,140

14,468

42.38%

4

Sedan

31,590

35,387

-3,797

-10.73%

5

Pickup

245

15

230

1533.33%

  • Top Gainers:
    • Pickup trucks, although a small category, show an extraordinary percentage increase of 1533.33%, with sales rising from 15 to 245 units.
    • MPVs have seen a significant rise of 42.38%, with 14,468 more units sold, indicating a growing consumer interest in this segment.
    • SUVs also continue to be popular, with a 33.33% increase, adding 49,060 units sold compared to the previous year.
  • Top Losers:
    • Hatchbacks experienced the largest decline in sales with an -18.74% decrease, selling 22,028 fewer units.
    • Sedans also saw a decrease of -10.73%, with 3,797 fewer units sold.

These trends suggest a strong consumer shift towards larger vehicles like SUVs and MPVs, while smaller body styles like hatchbacks and sedans are seeing a decline in popularity. The dramatic increase in pickup sales, although on a small base, could indicate a niche market that is rapidly expanding.

February 2024 Car Bodystyle-wise 6-Month Sales Trend

The following table will give you an idea about a longer term trend of each car body style over a 6-month period:

BODY-WISE 6 MONTH SALES TREND

SEP 2023 - FEB 2024

Body-Type

Sept 2023

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Average

SUV

1,90,709

2,01,183

1,80,011

1,61,566

2,06,634

1,96,234

1,89,394

Hatch

94,310

1,09,013

83,042

58,397

1,02,716

95,501

90,497

MPV

46,452

48,755

40,936

38,069

49,941

48,608

45,460

Sedan

31,222

31,721

30,665

28,850

33,891

31,590

31,377

Pickup

143

181

214

322

289

245

232

February 2024 — Car & Brand-wise Sales Analysis

Here we will look at the sales figures of each car and brand sales in February 2024 and find out which cars and brands are in an uptrend and which ones are in a downtrend.

February 2024 Car & Brand-wise MoM Sales Change

The following table presents the MoM change of each car and brand sales in February 2024:

MODEL-WISE MOM SALES COMPARISON

JAN - FEB 2024

Model

Segment

Body-Type

Feb 2024

Feb 2024

Change

%Change

Volkswagen

3,019

3,267

-248

-7.59

Virtus

C2

Sedan

1,631

1,879

-248

-13.20

Taigun

C1

SUV

1,286

1,275

11

0.86

Tiguan

C2

SUV

102

113

-11

-9.73

Toyota

23,300

23,197

103

0.44

Innova Crysta/HyCross

D1

MPV

8,481

9,400

-919

-9.78

Hyryder

C1

SUV

5,601

5,543

58

1.05

Glanza

B2

Hatch

4,581

3,740

841

22.49

Fortuner

D2

SUV

3,395

3,213

182

5.66

Rumion

D1

MPV

730

639

91

14.24

Hilux

D2

Pickup

245

289

-44

-15.22

Camry

D2

Sedan

210

312

-102

-32.69

Vellfire

D2

MPV

57

61

-4

-6.56

Tata

51,270

53,635

-2,365

-4.41

Punch

B1

SUV

18,438

17,978

460

2.56

Nexon

B2

SUV

14,395

17,182

-2,787

-16.22

Tiago

B1

Hatch

6,947

6,482

465

7.17

Altroz

B2

Hatch

4,568

4,935

-367

-7.44

Safari

D1

SUV

2,648

2,893

-245

-8.47

Harrier

C2

SUV

2,562

2,626

-64

-2.44

Tigor

B2

Sedan

1,712

1,539

173

11.24

Skoda

2,254

2,377

-123

-5.17

Kushaq

C1

SUV

1,137

1,082

55

5.08

Slavia

C2

Sedan

1,028

1,242

-214

-17.23

Kodiaq

D1

SUV

89

53

36

67.92

Renault

4,080

3,826

254

6.64

Triber

B2

MPV

2,205

2,220

-15

-0.68

Kiger

B2

SUV

1,047

750

297

39.60

Kwid

A

Hatch

828

856

-28

-3.27

Nissan

2,755

2,863

-108

-3.77

Magnite

B2

SUV

2,755

2,863

-108

-3.77

MG

4,532

3,825

707

18.48

Hector + Hector Plus

D1

SUV

1,826

1,817

9

0.50

Astor

C1

SUV

1,036

966

70

7.25

Comet EV

A

Hatch

920

505

415

82.18

ZS EV

C1

SUV

582

398

184

46.23

Gloster

D2

SUV

168

139

29

20.86

Maruti Suzuki

1,60,272

1,66,802

-6,530

-3.91

WagonR

B1

Hatch

19,412

17,756

1,656

9.33

Dzire

B2

Sedan

15,837

16,773

-936

-5.58

Brezza

B2

SUV

15,765

15,303

462

3.02

Ertiga

C1

MPV

15,519

14,632

887

6.06

Swift

B1

Hatch

13,165

15,370

-2,205

-14.35

Eeco

A

MPV

12,147

12,019

128

1.06

Alto K10

A

Hatch

11,723

12,395

-672

-5.42

Celerio

A

Hatch

3,586

4,406

-820

-18.61

S-Presso

A

SUV

3,059

3,454

-395

-11.44

Invicto

D1

MPV

366

496

-130

-26.21

Baleno

B2

Hatch

17,517

19,630

-2,113

-10.76

Fronx

B2

SUV

14,168

13,643

525

3.85

Grand Vitara

C1

SUV

11,002

13,438

-2,436

-18.13

XL6

C2

MPV

4,093

4,363

-270

-6.19

Ignis

B1

Hatch

2,110

2,598

-488

-18.78

Ciaz

C2

Sedan

481

363

118

32.51

Jimny

B2

SUV

322

163

159

97.55

Mahindra

42,401

43,068

-667

-1.55

Scorpio N + Classic

D1

SUV

15,051

14,293

758

5.30

Bolero + Neo

B2

SUV

10,113

9,964

149

1.50

XUV700

D1

SUV

6,546

7,206

-660

-9.16

Thar

B2

SUV

5,812

6,059

-247

-4.08

XUV300

B2

SUV

4,218

4,817

-599

-12.44

XUV400

B2

SUV

610

697

-87

-12.48

Marazzo

C2

MPV

51

32

19

59.38

Kia

20,200

23,769

-3,569

-15.02

Sonet

B2

SUV

9,102

11,530

-2,428

-21.06

Seltos

C1

SUV

6,265

6,391

-126

-1.97

Carens

C2

MPV

4,832

5,848

-1,016

-17.37

EV6

D1

SUV

1

0

1

 

Jeep

331

396

-65

-16.41

Compass

C2

SUV

204

286

-82

-28.67

Meridian

D2

SUV

127

110

17

15.45

Wrangler

D2

SUV

-

-

0

 

Hyundai

50,201

57,115

-6,914

-12.11

Creta

C1

SUV

15,276

13,212

2,064

15.62

Venue

B2

SUV

8,933

11,831

-2,898

-24.49

Exter

B2

SUV

7,582

8,229

-647

-7.86

i20

B2

Hatch

5,131

7,083

-1,952

-27.56

Xcent + Aura

B2

Sedan

5,053

5,516

-463

-8.39

Grand i10 Nios

B1

Hatch

4,947

6,865

-1,918

-27.94

Verna

C2

Sedan

1,680

2,172

-492

-22.65

Alcazar

C2

SUV

1,290

1,827

-537

-29.39

Tucson

D1

SUV

157

183

-26

-14.21

Kona

C1

SUV

86

102

-16

-15.69

Ioniq 5

C2

Hatch

66

95

-29

-30.53

Honda

7,142

8,681

-1,539

-17.73

Elevate

C1

SUV

3,184

4,586

-1,402

-30.57

Amaze

B2

Sedan

2,774

2,972

-198

-6.66

City

C2

Sedan

1,184

1,123

61

5.43

Citroen

421

650

-229

-35.23

C3

B2

SUV

211

234

-23

-9.83

C3 Aircross

C1

MPV

127

231

-104

-45.02

EC3

B2

SUV

83

184

-101

-54.89

C5 Aircross

C2

SUV

0

1

-1

-100.00

  • Top Gainers:
    • Jimny from Maruti Suzuki showed the highest percentage increase of 97.55%, although on a smaller base.
    • Comet EV from MG had a significant increase of 82.18%, indicating a strong consumer interest in this model.
    • Glanza from Toyota experienced a 22.49% increase, the highest among the hatchbacks.
  • Top Losers:
    • EC3 from Citroen faced the most substantial percentage decrease of -54.89%.
    • Sonet from Kia also saw a significant drop of -21.06%, the highest among SUVs.
    • Camry from Toyota experienced a -32.69% decrease, the largest among sedans.
  • Stable Performers:
    • Taigun from Volkswagen and Hyryder from Toyota showed slight increases of 0.86% and 1.05% respectively.
    • Hector + Hector Plus from MG remained relatively stable with a 0.50% increase.

These insights suggest a dynamic market with varying performance across different models and segments. The data indicates a growing consumer interest in certain models, particularly electric vehicles like the Comet EV, while others are facing challenges in maintaining their sales momentum. The SUV segment remains competitive, with some models like the Sonet experiencing a downturn, while others like the Taigun and Hyryder are holding steady.

February 2024 Car & Brand-wise YoY Sales Change

The following table presents the YoY  change of each car and brand sales in February 2024:

MODEL-WISE YOY SALES COMPARISON

FEB 2023-2024

Model

Segment

Body-Type

Feb 2024

Feb 2023

Change

%Change

Volkswagen

3,019

3,313

-294

-8.87

Virtus

C2

Sedan

1,631

1,563

68

4.35

Taigun

C1

SUV

1,286

1,657

-371

-22.39

Tiguan

C2

SUV

102

93

9

9.68

Toyota

23,300

15,267

8,033

52.62

Innova Crysta/HyCross

D1

MPV

8,481

4,169

4,312

103.43

Hyryder

C1

SUV

5,601

3,307

2,294

69.37

Glanza

B2

Hatch

4,581

4,223

358

8.48

Fortuner

D2

SUV

3,395

3,426

-31

-0.90

Rumion

D1

MPV

730

-

730

-

Hilux

D2

Pickup

245

15

230

1533.33

Camry

D2

Sedan

210

67

143

213.43

Vellfire

D2

MPV

57

60

-3

-5.00

Tata

51,270

42,865

8,405

19.61

Punch

B1

SUV

18,438

11,169

7,269

65.08

Nexon

B2

SUV

14,395

13,914

481

3.46

Tiago

B1

Hatch

6,947

7,457

-510

-6.84

Altroz

B2

Hatch

4,568

3,955

613

15.50

Safari

D1

SUV

2,648

1,252

1,396

111.50

Harrier

C2

SUV

2,562

2,054

508

24.73

Tigor

B2

Sedan

1,712

3,064

-1,352

-44.13

Skoda

2,254

3,418

-1,164

-34.06

Kushaq

C1

SUV

1,137

1,783

-646

-36.23

Slavia

C2

Sedan

1,028

1,274

-246

-19.31

Kodiaq

D1

SUV

89

189

-100

-52.91

Octavia

D1

Sedan

-

82

-82

-100.00

Superb

D2

Sedan

-

90

-90

-100.00

Renault

4,080

6,616

-2,536

-38.33

Triber

B2

MPV

2,205

3,056

-851

-27.85

Kiger

B2

SUV

1,047

1,802

-755

-41.90

Kwid

A

Hatch

828

1,758

-930

-52.90

Nissan

2,755

2,184

571

26.14

Magnite

B2

SUV

2,755

2,184

571

26.14

MG

4,532

4,193

339

8.08

Hector + Hector Plus

D1

SUV

1,826

2,558

-732

-28.62

Astor

C1

SUV

1,036

1,020

16

1.57

Comet EV

A

Hatch

920

-

920

-

ZS EV

C1

SUV

582

514

68

13.23

Gloster

D2

SUV

168

101

67

66.34

Maruti Suzuki

1,60,272

1,47,467

12,805

8.68

WagonR

B1

Hatch

19,412

16,889

2,523

14.94

Dzire

B2

Sedan

15,837

16,798

-961

-5.72

Brezza

B2

SUV

15,765

15,787

-22

-0.14

Ertiga

C1

MPV

15,519

6,472

9,047

139.79

Swift

B1

Hatch

13,165

18,412

-5,247

-28.50

Eeco

A

MPV

12,147

11,352

795

7.00

Alto K10

A

Hatch

11,723

18,114

-6,391

-35.28

Celerio

A

Hatch

3,586

4,458

-872

-19.56

S-Presso

A

SUV

3,059

3,761

-702

-18.67

Invicto

D1

MPV

366

-

366

-

Baleno

B2

Hatch

17,517

18,592

-1,075

-5.78

Fronx

B2

SUV

14,168

-

14,168

-

Grand Vitara

C1

SUV

11,002

9,183

1,819

19.81

XL6

C2

MPV

4,093

2,108

1,985

94.17

Ignis

B1

Hatch

2,110

4,749

-2,639

-55.57

Ciaz

C2

Sedan

481

792

-311

-39.27

Jimny

B2

SUV

322

-

322

-

Mahindra

42,401

30,221

12,180

40.30

Scorpio N + Classic

D1

SUV

15,051

6,950

8,101

116.56

Bolero + Neo

B2

SUV

10,113

9,782

331

3.38

XUV700

D1

SUV

6,546

4,505

2,041

45.31

Thar

B2

SUV

5,812

5,004

808

16.15

XUV300

B2

SUV

4,218

3,809

409

10.74

XUV400

B2

SUV

610

-

610

-

Marazzo

C2

MPV

51

171

-120

-70.18

Kia

20,200

24,600

-4,400

-17.89

Sonet

B2

SUV

9,102

9,836

-734

-7.46

Seltos

C1

SUV

6,265

8,012

-1,747

-21.80

Carens

C2

MPV

4,832

6,248

-1,416

-22.66

EV6

D1

SUV

1

0

1

-

Carnival

D2

MPV

0

504

-504

-100.00

Jeep

331

719

-388

-53.96

Compass

C2

SUV

204

406

-202

-49.75

Meridian

D2

SUV

127

313

-186

-59.42

Wrangler

D2

SUV

-

-

-

-

Hyundai

50,201

46,968

3,233

6.88

Creta

C1

SUV

15,276

10,421

4,855

46.59

Venue

B2

SUV

8,933

9,997

-1,064

-10.64

Exter

B2

SUV

7,582

-

7,582

-

i20

B2

Hatch

5,131

9,287

-4,156

-44.75

Xcent + Aura

B2

Sedan

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