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Top Passenger Vehicle Brands In India (September 2024) - Maruti Tops As Mahindra Takes 3rd Place
September 2024 saw 275,681 new passenger vehicles (PV) reach new homes in India as per data released by the Federation of Automobile Dealers Associations (FADA). Year-over-year retail PV sales dropped by nearly 19 per cent compared to September 2023.
As per the data released by FADA, retail sales of passenger vehicles in India topped at a total of 275,681 units, which was 63,862 units or 18.81 per cent less than retail numbers for the same period in 2023.
The drop in sales has been attributed mostly to heavy rains that swamped the country last month. Another factor for the drop in sales is 'Pitru Paksha', a 16-day period that is considered to be not to be an auspicious time to purchase new goods.
Maruti Suzuki continued its domination of the Indian car market with 113,560 passenger vehicles reaching new homes last month. However, Year-over-year sales for the nation's leading carmaker dropped by 19.64 per cent (27.758 units) compared to September 2023, when Maruti sold 141,318 new passenger vehicles.
Hyundai continued to hold onto the second spot in September 2024, with the South Korean marque selling 37,973 new vehicles last month. However, Y-o-Y sales were down by 12,660 units (25 per cent) compared to the 50,633 units sold in September 2023.
Mahindra pipped Tata Motors to the top spot with the SUV specialist selling 34,607 units last month, an increase of 0.39 per cent or 136 units compared to the 34,471 units sold in September 2023.
Tata Motors slipped into fourth place, selling 31,947 new cars and SUVs last month. Tata's Y-o-Y sales dropped by 7,567 units (19.15 per cent) compared to the 39,514 units sold in the same month in 2023.
Fifth place on the retail sales list was claimed by Toyota with the Japanese carmaker selling 19,660 units last month. Toyota was one of the few carmakers in the black when it came to Y-o-Y sales with its retail numbers rising by 815 units (4.3 per cent) compared to the 18,845 passenger vehicles sold in September 2023.
| OEM | Sep'24 | Market Share (%) Sep'24 | Sep'23 | Market Share (%) Sep'23 |
| Maruti Suzuki | 1,13,560 | 41.19% | 1,41,318 | 41.62% |
| Hyundai | 37,973 | 13.77% | 50,633 | 14.91% |
| Mahindra | 34,607 | 12.55% | 34,471 | 10.15% |
| Tata | 31,947 | 11.59% | 39,514 | 11.64% |
| Toyota | 19,660 | 7.13% | 18,845 | 5.55% |
| Kia | 15,521 | 5.63% | 21,645 | 6.37% |
| Skoda Volkswagen Group | 5,192 | 1.88% | 8,249 | 2.43% |
| Honda | 3,893 | 1.41% | 7,045 | 2.07% |
| MG Motor | 2,966 | 1.08% | 4,027 | 1.19% |
| Renault | 2,706 | 0.98% | 3,595 | 1.06% |
| Nissan | 2,109 | 0.77% | 2,176 | 0.64% |
| Mercedes-Benz Group | 1,308 | 0.47% | 1,451 | 0.43% |
| BMW | 1,011 | 0.37% | 1,175 | 0.35% |
| PCA Automobiles | 656 | 0.24% | 475 | 0.14% |
| Force Motors | 543 | 0.20% | 603 | 0.18% |
| Jaguar Land Rover | 447 | 0.16% | 448 | 0.13% |
| FCA India Automobiles | 349 | 0.13% | 427 | 0.13% |
| BYD | 163 | 0.06% | 151 | 0.04% |
| Volvo | 112 | 0.04% | 186 | 0.05% |
| Others | 958 | 0.35% | 3,109 | 0.92% |
| Total | 2,75,681 | 100% | 3,39,543 | 100% |
Thoughts About Retail PV Sales In September
Passenger vehicle sales were down in September as the heavy rain across the nation and an inauspicious period in the Hindu calendar saw people staying away from showrooms last month. However, with Dusshera and Diwali both falling in October, sales are expected to boom this month, which should hopefully help carmakers recover from their losses last month.
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