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HomeNewsMarch 2024 Car Sales Analysis Brand Wise Yoy Mom Change 6 Month Trend

Published : 15 April 2024

Read Time : 5 min

In this March 2024 car sales analysis article, we’ll look at the manufacturer-wise sales figures along with the YoY and MoM change for each carmaker in India. We’ll also include 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 for the last 6 months will give you an idea about the 6-month sales trend of car sales for all manufacturers.

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Brand-Wise March 2024 Car Sales Analysis

Brand-Wise March 2024 Car Sales - YoY Change

  • Maruti Suzuki Maintains Growth: 
    • Maruti Suzuki, a prominent player in the Indian automotive market, continues its growth trend with a 3.37% increase in sales compared to March 2023. Despite already high sales volumes, Maruti Suzuki manages to sustain positive growth, indicating its strong market position and consumer demand.
  • Tata Shows Significant Growth: 
    • Tata Motors demonstrates notable growth with a 13.75% increase in sales compared to the same period last year. This growth might be attributed to successful launches, effective marketing strategies, and a diverse product portfolio catering to different segments of the market.
  • Hyundai Records Moderate Growth: 
    • Hyundai registers a moderate growth of 4.75% in sales compared to March 2023. While the growth rate is lower compared to Tata, it still reflects a positive trend for the brand, showcasing steady consumer demand and effective product offerings.
  • Maruti Nexa Surges in Sales: 
    • Maruti Nexa, a premium retail network of Maruti Suzuki, experiences a remarkable surge in sales with a staggering 53.26% increase year-over-year. This substantial growth indicates the success of Maruti's premium segment offerings and possibly the shifting preferences of Indian consumers towards more premium vehicles.
  • Toyota and Mahindra Witness Strong Growth: 
    • Both Toyota and Mahindra exhibit strong growth performances with increases of 35.18% and 12.94%, respectively. These brands may have benefited from new product launches, enhanced marketing efforts, or favorable market conditions.
  • Mixed Performance for Foreign Brands: 
    • Kia records a slight decline of 0.47%, indicating stable sales performance compared to the previous year. However, MG, Renault, Volkswagen, Nissan, Skoda, Citroen, and Jeep witness varying degrees of decline in sales. These brands might face challenges such as stiff competition, supply chain issues, or changes in consumer preferences.
  • Significant Declines for Some Brands:
    • MG, Skoda, Citroen, and Jeep experience significant declines ranging from -21.6% to -50.07%. These brands might need to reassess their strategies, product offerings, or market positioning to regain momentum and competitiveness in the Indian market.

BRAND-WISE MARCH 2024 CAR SALES

YOY CHANGE

Brand

Mar 2024

Mar 2023

Change

% Change

Trend

Maruti Suzuki

1,05,166

1,01,736

3,430

3.37%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Tata

50,105

44,047

6,058

13.75%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Hyundai

53,001

50,600

2,401

4.75%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Maruti Nexa

47,552

31,027

16,525

53.26%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Mahindra

40,631

35,976

4,655

12.94%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Toyota

25,119

18,582

6,537

35.18%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Kia

21,400

21,501

-101

-0.47%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Honda

7,071

6,692

379

5.66%

HIWuZ7r98ImOtAu3ikYBwLvS3OwzYOWVL Z6m82WcTXHqO9VgCBoQ5hI6eMBXG4vz2nBKMC f2SQBUDrLoI1mXVrUspiwc2NnwJm6cjDqbNFkV 6BzWqLxMTzCTFMNqQdnIRf 8OT8CdejXYoQqhfI

MG

4,648

6,411

-1,763

-27.5%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Renault

4,225

5,389

-1,164

-21.6%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Volkswagen

3,529

3,900

-371

-9.51%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Nissan

2,701

3,260

-559

-17.15%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Skoda

2,787

4,432

-1,645

-37.12%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Citroen

1,006

2,015

-1,009

-50.07%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Jeep

425

680

-255

-37.5%

4QzXF d4msO60RI1EvclWNkaO4H5qAS5i uDrhx6MpGcGiNxFvTwqDeYLTfGDfM02XzGvOEaPHV5OfJnv1UoYziWf6B8jGeQdthSZZXe4iBnJq9drZ4Uh22NVXMUM aP1HSU3kx5TuXbdqfUf49sKS8

Brand-Wise March 2024 Car Sales - MoM Change

  • Mixed Performance for Leading Brands: 
    • Maruti Suzuki, the leading brand in the Indian automotive market, experiences a decline of 4.9% in sales compared to the previous month. Similarly, Tata and Maruti Nexa also witnessed decreases of 2.27% and 4.31%, respectively. This indicates a temporary slowdown in sales for these brands, possibly influenced by factors such as seasonal variations, inventory management, or market saturation.
  • Hyundai Records Strong Growth: 
    • Hyundai stands out with a notable increase of 5.58% in sales compared to March 2024. This significant growth suggests successful marketing strategies, attractive product offerings, or heightened consumer interest in Hyundai vehicles during the month.
  • Toyota and Kia Show Positive Momentum: 
    • Toyota and Kia both demonstrate positive momentum with increases of 7.81% and 5.94%, respectively. These brands may have introduced new promotions, incentives, or product enhancements that resonated well with consumers, leading to increased sales volumes.
  • Volkswagen and Skoda Experience Significant Growth: 
    • Volkswagen and Skoda exhibit substantial growth rates of 16.89% and 23.65%, respectively. These brands may have benefited from successful product launches, effective marketing campaigns, or improved brand perception in the market.
  • Citroen and Jeep Witness Remarkable Surges: 
    • Citroen and Jeep experience remarkable surges in sales, with Citroen recording a staggering 138.95% increase and Jeep witnessing a notable 28.4% rise. These sharp increases could be attributed to factors such as the introduction of new models, aggressive marketing initiatives, or favorable consumer sentiment towards these brands during the month.
  • Honda, MG, Renault, and Nissan See Mixed Results: 
    • Honda, MG, Renault, and Nissan observe mixed results with marginal changes in sales volumes. While Honda and Nissan experience slight declines, MG and Renault record modest increases. These brands may need to reassess their strategies to maintain or improve sales performance amidst competitive market conditions.

BRAND-WISE MARCH 2024 CAR SALES

MoM CHANGE

Brand

Mar 2024

Feb 2024

Change

% Change

Trend

Maruti Suzuki

1,05,166

1,10,579

-5,413

-4.9%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

Tata

50,105

51,270

-1,165

-2.27%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

Hyundai

53,001

50,201

2,800

5.58%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Maruti Nexa

47,552

49,693

-2,141

-4.31%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

Mahindra

40,631

42,401

-1,770

-4.17%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

Toyota

25,119

23,300

1,819

7.81%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Kia

21,400

20,200

1,200

5.94%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Honda

7,071

7,142

-71

-0.99%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

MG

4,648

4,532

116

2.56%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Renault

4,225

4,080

145

3.55%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Volkswagen

3,529

3,019

510

16.89%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Nissan

2,701

2,755

-54

-1.96%

K17Dc9EFcZwr1 ohSq4uoJyJvu 3PvRvX0ct3 v9luhuU8qCDDdiRG6BvXRmczLSR2eVDDXKwkjI4ULLiYVD M0GblO188ts etiVtJISHt0O0u xWKFZPxOuLdL IbDuhKIuh3c g6JpxMTyb7i jo

Skoda

2,787

2,254

533

23.65%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Citroen

1,006

421

585

138.95%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Jeep

425

331

94

28.4%

agWLk6Htb5dcD8jg7ra2iiqyvjya3 jotLFXkJPKyd2DYAkkOPnlh18D23MpJOienVutav1J64jJ5lNF4tHBOxxAOuD4lBHb6 YURtLpSirXsHy0VQz8U7766RczdWNPvJQfcD5UrKMrsEn J3RBywM

Car Brands — 6-Month Brand Sales Trend (Oct 2023 - Mar 2024)

BRAND-WISE 6 MONTH SALES TREND

OCT 2023 - MAR 2024

BRAND

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Mar 2024

6 Month Avg

Maruti Suzuki

1,19,974

96,963

73,592

1,12,604

1,10,579

1,05,166

1,03,146

Hyundai

55,128

49,451

42,750

57,115

50,201

53,001

51,274

Tata

48,343

46,070

43,471

53,635

51,270

50,105

48,816

Maruti Nexa

48,073

37,195

31,186

54,198

49,693

47,552

44,650

Mahindra

43,708

39,981

35,171

43,068

42,401

40,631

40,827

Kia

24,351

22,762

12,536

23,769

20,200

21,400

20,836

Toyota

20,542

16,924

21,372

23,197

23,300

25,119

21,742

Honda

9,400

8,730

7,902

8,681

7,142

7,071

8,154

Renault

3,861

2,452

1,988

3,826

4,080

4,225

3,405

MG

5,108

4,154

4,400

3,825

4,532

4,648

4,445

Skoda

4,566

3,783

4,670

2,377

2,254

2,787

3,406

Volkswagen

4,089

3,095

4,930

3,267

3,019

3,529

3,655

Nissan

2,573

2,454

2,150

2,863

2,755

2,701

2,583

Citroen

630

537

650

650

421

1,006

649

Jeep

507

317

436

396

331

425

402

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Prathu Sharma
Prathu Sharma

Data Analyst

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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We drove the 2026 Maruti Arena Brezza with its new 1.0L turbo petrol engine and 6-speed manual transmission. We covered roughly 50km over about 2 hours at speeds representative of typical city driving. Here are my impressions of its performance, refinement, mileage, highway manners, ride and everyday usability.

Jagdev Kalsi
2026 Brezza CNG 328L Boot Space Explained

2026 Maruti Brezza CNG 328L Boot Space Explained

The 2026 Maruti Brezza CNG now has its cylinder mounted below the body, allowing it to retain the petrol version’s full 328L boot space. We examine the practical improvement, dimensions, ground clearance and boot-related features offered with each CNG variant.

Siddharth
2026 Brezza Turbo Vs 1.5L Petrol - Which One To Buy?

2026 Maruti Brezza 1.0L Turbo Vs 1.5L Petrol - Which One To Buy?

The 2026 Maruti Brezza offers a new 1.0L turbo petrol engine alongside the familiar 1.5L normal petrol. Both engines come with a new 6-speed manual transmission. The smaller turbo costs less and offers more power, torque and features, while the 1.5L petrol claims better mileage. We compare the 2 to determine which Brezza petrol-manual makes more sense.

Siddharth
Fronx Petrol Vs CNG

Maruti Arena Fronx Petrol Vs CNG Mileage And Running Cost

If you’re wondering whether to buy the Maruti Suzuki Fronx petrol or CNG, this article will help you make a data-backed decision. We compare the latest ex-showroom prices, official mileage figures and current fuel prices in Delhi to calculate the running cost difference between the Fronx petrol and CNG variants. We also calculate how many kilometres you need to drive the Fronx CNG to recover its higher upfront cost over the petrol variant.

Prathu Sharma
2026 Honda ZR-V Hybrid Photo Gallery Exterior Interior Features

2026 Honda ZR-V Hybrid Photo Gallery

The 2026 Honda ZR-V Hybrid is set to launch in India as Honda’s new flagship SUV on May 22, 2026. Positioned above the Elevate, the ZR-V will rival premium SUVs like the Volkswagen Tiguan R-Line and Skoda Kodiaq with its strong hybrid powertrain, premium interior and advanced features. In this detailed photo gallery, we take a closer look at the ZRV Hybrid’s design, cabin, practicality, safety features and hybrid technology.

Siddharth
2026 Tata Punch EV Variant-Wise Battery Options

2026 Tata Punch EV Variant-Wise Powertrain Options – Battery, Range & Specifications

The 2026 Tata Punch EV is available with multiple battery pack and motor configurations, giving buyers the flexibility to choose between affordability and longer driving range. Depending on the variant, the new Punch EV offers different power outputs, battery capacities and claimed range. In this article, we break down the 2026 Punch EV’s variant-wise powertrain options and check out which variants get the 30kWh and 40kWh battery packs, along with their performance specifications, so you can pick the variant that best suits your needs.

Nikil Jonathan
Maruti Fronx 1.0L Turbo Petrol-Auto Actual City, Highway Mileage Test

Maruti Fronx 1.0L Turbo Petrol-Auto Mileage Test: Real World City, Highway Fuel Efficiency

In this article, we’ll present the data based on V3Cars mileage test and inform you about what real-world fuel efficiency you can expect from the Maruti Fronx 1.0L turbo petrol-automatic in city and highway driving conditions. We’ll also find out how much the mileage numbers deviate from the manufacturer-claimed fuel efficiency figures. The information presented in this article will also help you learn about the mileage differences you can expect when driving in the city vs driving on the highway.

Arpit Gupta
2025 Kia Syros Features Over Kia Sonet

10 Features New Kia Syros Gets Over Kia Sonet

Kia unveiled their all-new B2-segment SUV, the 2025 Syros, on December 19, 2024. While Kia India are yet to reveal the variant-wise prices of the 2025 Syros, it is expected to slot in between the Sonet B2-SUV and Seltos C-SUV.

Nikil Jonathan
Hyundai Exter 1.2L Petrol-Auto Actual City, Highway Mileage Test

Hyundai Exter 1.2L Petrol-Auto Mileage Test: Real World City, Highway Fuel Efficiency

In this article, we’ll present the data based on V3Cars mileage test and inform you about what real-world fuel efficiency you can expect from the Hyundai Exter 1.2L petrol-automatic in city and highway driving conditions. We’ll also find out how much the mileage numbers deviate from the manufacturer-claimed fuel efficiency figures. The information presented in this article will also help you learn about the mileage differences you can expect when driving in the city vs driving on the highway.

Arpit Gupta
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