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India's Car Sales See Significant Boost In First Half Of 2024
Car sales in India during the first half of 2024 were robust, spurred by discount schemes and exchange offers from major automakers. SUVs and crossovers dominated the market, with 16 models making it to the top 30 best-selling cars list.
Maruti Suzuki led with 10 models, including six in the top 10. The total sales of these top 30 cars increased by 11.76% compared to the same period in 2023.
| Rank | Top 10 Cars | H1 2024 | H1 2023 | Growth (%) YoY |
| 1 | Tata Punch | 1,10,308 | 67,117 | 64.35 |
| 2 | Maruti WagonR | 99,668 | 1,09,278 | -8.79 |
| 3 | Maruti Baleno | 94,521 | 1,00,107 | -5.58 |
| 4 | Maruti Dzire | 93,781 | 72,728 | 28.95 |
| 5 | Hyundai Creta | 91,384 | 82,566 | 10.64 |
| 6 | Maruti Brezza | 90,135 | 82,183 | 9.68 |
| 7 | Maruti Ertiga | 87,842 | 49,332 | 78.06 |
| 8 | Mahindra Scorpio / N | 85,326 | 52,036 | 63.97 |
| 9 | Maruti Swift | 84,172 | 1,04,465 | -19.43 |
| 10 | Tata Nexon | 80,326 | 87,501 | -8.20 |
SUVs and Crossovers Lead Sales
The Tata Punch/EV emerged as the best-selling car in H1 2024, with 110,308 units sold, marking a growth of 64.35% from the previous year.
Maruti's WagonR and Baleno experienced a decline in sales, while the DZire saw a notable growth of 28.95%. Maruti models held a significant share of 16% on the list.
The Hyundai Creta saw a sales increase of 10.64%, followed by the Maruti Brezza and Ertiga with growth rates of 9.68% and 78.06%, respectively. The Mahindra Scorpio/N also recorded a substantial rise in sales at 63.97%. However, sales for Maruti Swift and Tata Nexon/EV declined during this period.
Significant Growth for Specific Models
In the SUV segment, the Maruti Fronx showed remarkable growth with an 189.05% increase in sales. The Eeco van also saw an improvement in its numbers.
Conversely, Hyundai Venue and Maruti Alto faced a decline in their sales figures. The Mahindra Bolero and Kia Sonet had modest growth, while Toyota Innova performed well with a 52.52% increase in sales.
Other notable models included Hyundai Exter, Seltos, Tata Tiago/EV, Mahindra XUV700, and Mahindra Thar. Sales for the Hyundai i20, Mahindra XUV3XO, Hyundai i10, Kia Carens, Tata Altroz, Hyundai Aura, and Toyota Hyryder either declined or showed modest growth.
Maruti Suzuki's Dominance
SUVs and crossovers remained the preferred choice among Indian car buyers throughout H1 2024. Maruti Suzuki continued to lead the market with its extensive range of models capturing significant market share.
The overall trend indicates a growing preference for electric vehicles (EVs) among Indian consumers. This is highlighted by the success of Tata Punch/EV as the best-selling car during this period. The data underscores that discount schemes and exchange offers have been effective strategies for boosting car sales in India during this time frame.
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