Published : 15 February 2024
Read Time : 5 min
Author: Prathu Sharma
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.
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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.
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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.
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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.
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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.
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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.
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SUV Cars — 6-Month Sales Trend (July 2023 - January 2024)
Note: Calculate Car Fuel Cost with V3Cars for India and Other Countries