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

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 January 2024 Sales Analysis

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.

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