January 2024 Cars Sales Analysis - SUV YoY, MoM Change, 6-Month Trend | V3Cars

15 February 2024
By Prathu Sharma
0

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

SUV Segment January 2024 Car Sales - YoY Change

Tata Punch (B1 Segment): Punch stands out as the top gainer with a remarkable YoY change of 49.74%, indicating a substantial increase in sales. This suggests that the model is gaining popularity in the B1 segment.
Tata Nexon (B2 Segment): Nexon had a positive YoY change of 10.37%, indicating a moderate increase in sales compared to the previous year.
Maruti Suzuki Brezza (B2 Segment): Brezza showed a positive YoY change of 6.57%, suggesting a slight increase in sales. The model continues to attract customers in the competitive B2 segment.
Mahindra Scorpio N + Classic (D1 Segment): Scorpio N + Classic witnessed a significant YoY change of 64.00%, indicating a substantial increase in sales.
Maruti Nexa Grand Vitara (C1 Segment): Grand Vitara had a positive YoY change of 55.14%, indicating a substantial increase in sales.
Hyundai Venue (B2 Segment): Venue showed a positive YoY change of 10.18%, indicating an increase in sales compared to the previous year.
Kia Sonet (B2 Segment): Sonet experienced a positive YoY change of 24.50%, suggesting an increase in sales. The model continues to perform well in the B2 segment.
Mahindra Bolero + Neo (B2 Segment): Bolero + Neo had a positive YoY change of 16.21%, indicating a moderate increase in sales. The model maintains its position in the competitive B2 segment.
Mahindra XUV700 (D1 Segment): XUV700 witnessed a positive YoY change of 24.52%, suggesting an increase in sales.
Kia Seltos (C1 Segment): Seltos had a negative YoY change of -38.96%, indicating a significant decline in sales compared to the previous year. The model faces challenges in the highly competitive C1 segment.
Mahindra Thar (B2 Segment): Thar showed a positive YoY change of 37.39%, indicating an increase in sales.
Toyota Hyryder (C1 Segment): Hyryder witnessed a positive YoY change of 32.16%, indicating an increase in sales.
Top Gainers:
- Tata Punch (B1 Segment): Punch stands out as the top gainer with a remarkable YoY change of 49.74%, indicating a substantial increase in sales.
- Mahindra Scorpio N + Classic (D1 Segment): Scorpio N + Classic witnessed a significant YoY change of 64.00%, making it one of the top gainers.
- Tata Nexon (B2 Segment): Nexon had a positive YoY change of 10.37%, maintaining a strong position in the B2 segment.
Top Losers:
- Citroen C3 (B2 Segment): C3 had the highest negative YoY change of -70.30%, indicating a significant decline in sales compared to the previous year.
- Kia EV6 (D1 Segment): EV6 had a negative YoY change of -100%, indicating a complete drop in sales compared to the previous year.

SUV JANUARY 2024 CAR SALES YOY CHANGE
S.No.	Brand	Model	Segment	Jan 2024	Jan 2023	Change	%Change	Trend
1	Tata	Punch	B1	17,978	12,006	5,972	49.74%
2	Tata	Nexon	B2	17,182	15,567	1,615	10.37%
3	Maruti Suzuki	Brezza	B2	15,303	14,359	944	6.57%
4	Mahindra	Scorpio N + Classic	D1	14,293	8,715	5,578	64.00%
5	Maruti Nexa	Fronx	B2	13,643	-	13,643	-	-
6	Maruti Nexa	Grand Vitara	C1	13,438	8,662	4,776	55.14%
7	Hyundai	Creta	C1	13,212	15,037	-1,825	-12.14%
8	Hyundai	Venue	B2	11,831	10,738	1,093	10.18%
9	Kia	Sonet	B2	11,530	9,261	2,269	24.50%
10	Mahindra	Bolero + Neo	B2	9,964	8,574	1,390	16.21%
11	Hyundai	Exter	B2	8,229	-	8,229	-	-
12	Mahindra	XUV700	D1	7,206	5,787	1,419	24.52%
13	Kia	Seltos	C1	6,391	10,470	-4,079	-38.96%
14	Mahindra	Thar	B2	6,059	4,410	1,649	37.39%
15	Toyota	Hyryder	C1	5,543	4,194	1,349	32.16%
16	Mahindra	XUV300	B2	4,817	5,390	-573	-10.63%
17	Honda	Elevate	C1	4,586	-	4,586	-	-
18	Maruti Suzuki	S-Presso	A	3,454	4,035	-581	-14.40%
19	Toyota	Fortuner	D2	3,213	3,698	-485	-13.12%
20	Tata	Safari	D1	2,893	1,032	1,861	180.33%
21	Nissan	Magnite	B2	2,863	2,803	60	2.14%
22	Tata	Harrier	C2	2,626	1,572	1,054	67.05%
23	Hyundai	Alcazar	C2	1,827	1,537	290	18.87%
24	MG	Hector + Hector Plus	D1	1,817	2,441	-624	-25.56%
25	Volkswagen	Taigun	C1	1,275	1,455	-180	-12.37%
26	Skoda	Kushaq	C1	1,082	2,013	-931	-46.25%
27	MG	Astor	C1	966	958	8	0.84%
28	Renault	Kiger	B2	750	1,153	-403	-34.95%
29	Mahindra	XUV400	B2	697	-	697	-	-
30	MG	ZS EV	C1	398	471	-73	-15.50%
31	Jeep	Compass	C2	286	485	-199	-41.03%
32	Citroen	C3	B2	234	788	-554	-70.30%
33	Citroen	EC3	B2	184	-	184	-	-
34	Hyundai	Tucson	D1	183	180	3	1.67%
35	Maruti Nexa	Jimny	B2	163	-	163	-	-
36	MG	Gloster	D2	139	244	-105	-43.03%
37	Volkswagen	Tiguan	C2	113	72	41	56.94%
38	Jeep	Meridian	D2	110	200	-90	-45.00%
39	Hyundai	Kona	C1	102	40	62	155.00%
40	Skoda	Kodiaq	D1	53	196	-143	-72.96%
41	Citroen	C5 Aircross	C2	1	16	-15	-93.75%
42	Kia	EV6	D1	0	0	0	-	-
43	Honda	WR-V	B2	-	183	-183	-	-

SUV Segment January 2024 Car Sales - MoM Change

Tata Punch (B1 Segment): Punch had a positive MoM change of 30.40%, indicating a significant increase in sales compared to the previous month. The model continues to attract buyers in the B1 segment.
Tata Nexon (B2 Segment): Nexon showed a positive MoM change of 12.42%, suggesting a moderate increase in sales.
Maruti Suzuki Brezza (B2 Segment): Brezza witnessed a positive MoM change of 19.15%, indicating an increase in sales compared to the previous month.
Mahindra Scorpio N + Classic (D1 Segment): Scorpio N + Classic had a positive MoM change of 25.87%, suggesting a significant increase in sales.
Maruti Nexa Fronx (B2 Segment): Fronx had a substantial MoM change of 40.77%, indicating a notable increase in sales.
Maruti Nexa Grand Vitara (C1 Segment): Grand Vitara showed a remarkable MoM change of 92.30%, indicating a substantial increase in sales. The model is performing well in the C1 segment.
Hyundai Creta (C1 Segment): Creta witnessed a positive MoM change of 42.94%, indicating a significant increase in sales. The model continues to lead in the highly competitive C1 segment.
Hyundai Venue (B2 Segment): Venue had a positive MoM change of 13.95%, suggesting an increase in sales. The model continues to attract customers in the B2 segment.
Mahindra Bolero + Neo (B2 Segment): Bolero + Neo had a positive MoM change of 24.63%, indicating an increase in sales compared to the previous month. The model maintains its position in the competitive B2 segment.
Hyundai Exter (B2 Segment): Exter had a positive MoM change of 9.49%, indicating an increase in sales. This model is making an impact in the B2 segment.
Mahindra XUV700 (D1 Segment): XUV700 witnessed a positive MoM change of 22.53%, suggesting an increase in sales. The model continues to perform well in the D1 segment.
Kia Seltos (C1 Segment): Seltos had a negative MoM change of -35.81%, indicating a significant decline in sales compared to the previous month. The model faces challenges in the highly competitive C1 segment.
Mahindra Thar (B2 Segment): Thar showed a positive MoM change of 4.59%, indicating a slight increase in sales. The model continues to attract off-road enthusiasts in the B2 segment.
Toyota Hyryder (C1 Segment): Hyryder witnessed a positive MoM change of 11.39%, indicating an increase in sales. The model is making an impact in the C1 segment.
Top Gainers:
- Maruti Nexa Grand Vitara (C1 Segment): Grand Vitara showed the highest MoM change of 92.30%, making it the top gainer.
- Kia Sonet (B2 Segment): Sonet had an extraordinary MoM change of 1,15,200.00%, indicating a significant spike in sales.
- Maruti Nexa Fronx (B2 Segment): Fronx had a substantial MoM change of 40.77%, making it one of the top gainers.
Top Losers:
- Maruti Suzuki S-Presso (A Segment): S-Presso had the highest negative MoM change of -5,656.67%, indicating a significant decline in sales compared to the previous month.
- Maruti Nexa Jimny (B2 Segment): Jimny had the highest negative MoM change of -77.67%, indicating a substantial decline in sales compared to the previous month.

SUV JANUARY 2024 CAR SALES MOM CHANGE
S.No.	Brand	Model	Segment	Jan 2024	Dec 2023	Change	%Change	Trend
1	Tata	Punch	B1	17,978	13,787	4,191	30.40%
2	Tata	Nexon	B2	17,182	15,284	1,898	12.42%
3	Maruti Suzuki	Brezza	B2	15,303	12,844	2,459	19.15%
4	Mahindra	Scorpio N + Classic	D1	14,293	11,355	2,938	25.87%
5	Maruti Nexa	Fronx	B2	13,643	9,692	3,951	40.77%
6	Maruti Nexa	Grand Vitara	C1	13,438	6,988	6,450	92.30%
7	Hyundai	Creta	C1	13,212	9,243	3,969	42.94%
8	Hyundai	Venue	B2	11,831	10,383	1,448	13.95%
9	Kia	Sonet	B2	11,530	10	11,520	1,15,200.00%
10	Mahindra	Bolero + Neo	B2	9,964	7,995	1,969	24.63%
11	Hyundai	Exter	B2	8,229	7,516	713	9.49%
12	Mahindra	XUV700	D1	7,206	5,881	1,325	22.53%
13	Kia	Seltos	C1	6,391	9,957	-3,566	-35.81%
14	Mahindra	Thar	B2	6,059	5,793	266	4.59%
15	Toyota	Hyryder	C1	5,543	4,976	567	11.39%
16	Mahindra	XUV300	B2	4,817	3,550	1,267	35.69%
17	Honda	Elevate	C1	4,586	4,376	210	4.80%
18	Maruti Suzuki	S-Presso	A	3,454	60	3,394	5,656.67%
19	Toyota	Fortuner	D2	3,213	3,104	109	3.51%
20	Tata	Safari	D1	2,893	2,103	790	37.57%
21	Nissan	Magnite	B2	2,863	2,150	713	33.16%
22	Tata	Harrier	C2	2,626	1,404	1,222	87.04%
23	Hyundai	Alcazar	C2	1,827	954	873	91.51%
24	MG	Hector + Hector Plus	D1	1,817	2,184	-367	-16.80%
25	Volkswagen	Taigun	C1	1,275	2,456	-1,181	-48.09%
26	Skoda	Kushaq	C1	1,082	2,485	-1,403	-56.46%
27	MG	Astor	C1	966	821	145	17.66%
28	Renault	Kiger	B2	750	865	-115	-13.29%
29	Mahindra	XUV400	B2	697	535	162	30.28%
30	MG	ZS EV	C1	398	464	-66	-14.22%
31	Jeep	Compass	C2	286	246	40	16.26%
32	Citroen	C3	B2	234	309	-75	-24.27%
33	Citroen	EC3	B2	184	0	184	-	-
34	Hyundai	Tucson	D1	183	209	-26	-12.44%
35	Maruti Nexa	Jimny	B2	163	730	-567	-77.67%
36	MG	Gloster	D2	139	140	-1	-0.71%
37	Volkswagen	Tiguan	C2	113	275	-162	-58.91%
38	Jeep	Meridian	D2	110	190	-80	-42.11%
39	Hyundai	Kona	C1	102	19	83	436.84%
40	Skoda	Kodiaq	D1	53	225	-172	-76.44%
41	Citroen	C5 Aircross	C2	1	2	-1	-50.00%
42	Kia	EV6	D1	0	6	-6	-100.00%	-

SUV Cars — 6-Month Sales Trend (July 2023 - January 2024)

SUV 6 MONTH SALES TREND JULY 2023 - JANUARY 2024
Brand	Model	Segment	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	6 Month Avg
Tata	Punch	B1	14,523	13,036	15,317	14,383	13,787	17,978	14,837
Tata	Nexon	B2	8,049	15,325	16,887	14,916	15,284	17,182	14,607
Maruti Suzuki	Brezza	B2	14,572	15,001	16,050	13,393	12,844	15,303	14,527
Hyundai	Creta	C1	13,832	12,717	13,077	11,814	9,243	13,212	12,316
Mahindra	Scorpio N + Classic	D1	9,898	11,846	13,578	12,185	11,355	14,293	12,193
Maruti Nexa	Fronx	B2	12,164	11,455	11,357	9,867	9,692	13,643	11,363
Hyundai	Venue	B2	10,948	12,204	11,581	11,180	10,383	11,831	11,355
Maruti Nexa	Grand Vitara	C1	11,818	11,736	10,834	7,937	6,988	13,438	10,459
Kia	Seltos	C1	10,698	10,558	12,362	11,684	9,957	6,391	10,275
Mahindra	Bolero + Neo	B2	9,092	9,519	9,647	9,333	7,995	9,964	9,258
Hyundai	Exter	B2	7,430	8,647	8,097	8,325	7,516	8,229	8,041
Mahindra	XUV700	D1	6,512	8,555	9,297	7,221	5,881	7,206	7,445
Mahindra	Thar	B2	5,951	5,417	5,593	5,810	5,793	6,059	5,771
Kia	Sonet	B2	4,120	4,984	6,493	6,433	10	11,530	5,595
Mahindra	XUV300	B2	4,992	4,961	4,865	4,673	3,550	4,817	4,643
Honda	Elevate	C1	2,822	5,685	4,957	4,755	4,376	4,586	4,530
Toyota	Hyryder	C1	4,121	3,804	3,987	3,005	4,976	5,543	4,239
Toyota	Fortuner	D2	2,825	2,874	2,475	1,876	3,104	3,213	2,728
Nissan	Magnite	B2	2,258	2,454	2,573	2,454	2,150	2,863	2,459
Maruti Suzuki	S-Presso	A	2,606	2,560	3,368	1,883	60	3,454	2,322
MG	Hector + Hector Plus	D1	2,059	2,653	2,703	2,130	2,184	1,817	2,258
Skoda	Kushaq	C1	2,409	2,260	2,447	1,908	2,485	1,082	2,099
Volkswagen	Taigun	C1	1,943	1,586	2,219	1,771	2,456	1,275	1,875
Tata	Harrier	C2	1,689	926	1,896	2,326	1,404	2,626	1,811
Tata	Safari	D1	1,019	516	1,340	2,207	2,103	2,893	1,680
Hyundai	Alcazar	C2	1,493	1,977	1,837	1,913	954	1,827	1,667
Maruti Nexa	Jimny	B2	3,104	2,651	1,852	1,020	730	163	1,587
MG	Astor	C1	814	901	890	726	821	966	853
Renault	Kiger	B2	929	980	912	530	865	750	828
Mahindra	XUV400	B2	778	825	639	710	535	697	697
MG	ZS EV	C1	421	228	232	428	464	398	362
Jeep	Compass	C2	172	391	398	216	246	286	285
Citroen	C3	B2	250	179	222	265	309	234	243
Hyundai	Tucson	D1	236	237	202	118	209	183	198
MG	Gloster	D2	240	201	247	172	140	139	190
Skoda	Kodiaq	D1	241	191	176	126	225	53	169
Volkswagen	Tiguan	C2	91	191	98	150	275	113	153
Citroen	EC3	B2	271	166	179	18	0	184	136
Jeep	Meridian	D2	127	90	109	101	190	110	121
Kia	EV6	D1	42	150	141	25	6	0	61
Hyundai	Kona	C1	91	69	44	19	19	102	57
Citroen	C5 Aircross	C2	4	3	5	5	2	1	3

Note: Calculate Car Fuel Cost with V3Cars for India and Other Countries

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.