New Delhi: March 2024 marked a historic second for Tata Motors as its micro SUV, Punch, claimed the highest spot in gross sales for the primary time ever. Recording a exceptional 61% year-on-year (Y-o-Y) development, with month-to-month gross sales hovering to 17,547 items from the ten,894 items bought within the corresponding month of the earlier yr, the Punch showcased its rising reputation. This surge in gross sales was additional propelled by the introduction of the all-electric Punch.ev earlier within the yr, alongside the CNG variant, amplifying its enchantment amongst shoppers.In a notable shift, Maruti Suzuki relinquished the highest two slots in March 2024 gross sales to Tata Motors and Hyundai India, reflecting the evolving dynamics of the automotive market.
The entire variety of passenger autos bought in March 2024 amounted to 369,381 items, marking a ten% development in comparison with the 335,976 items bought in March 2023.
Following carefully behind Tata Motors’ Punch, Hyundai’s Creta SUV emerged as a powerful contender, securing the second place with gross sales reaching 16,458 items in March 2024. This represented a considerable 17% Y-o-Y development from the 14,026 items bought in March 2023.
In the meantime, Maruti Suzuki maintained its presence within the high rankings with its hatchback Wagon R, securing the third spot within the record of High 10 PVs in March. Regardless of recording gross sales of 16,368 items, which marked a marginal 5% Y-o-Y decline from the 17,305 items bought in the identical month of the earlier yr, Maruti Suzuki demonstrated resilience amidst evolving market dynamics.
The fourth, fifth and sixth positions have been additionally secured by Maruti Suzuki’s Dzire, Swift and Baleno with gross sales of 15,894 items, 15,728 items, and 15,588 items respectively, in March 2024. Dzire’s gross sales elevated by 19% Y-o-Y. The gross sales of Swift, which was the highest promoting automotive in March 2023 with 17,559 items, declined by 10% in March 2024. Baleno additionally noticed a decline of about 4% in comparison with 16,168 items bought in March ’23.
Mahindra’s Scorpio SUV claimed the seventh spot, attaining a formidable 72% Y-o-Y enhance by promoting 15,151 items in March 2024, in comparison with 8,788 items in the identical month of the earlier yr.
Maruti Suzuki once more secured the eighth and ninth spots with Ertiga MPV and Brezza SUV with gross sales figures of 14,888 items and 14,614 items in March 2024 respectively.
Ertiga’s gross sales noticed a rise of 65% and Brezza’s gross sales noticed a decline of 10% in comparison with March 2023.
Lastly, on the tenth spot, Tata Motors’ compact SUV, Nexon changed Maruti Suzuki’s Baleno-based SUV, Fronx. Nexon clocked 14,058 items in March 2024, reporting a 5% Y-o-Y decline, in comparison with 14,769 items bought in March final yr.
