January 2024 Car Sales Analysis – 20 Top-Selling Cars | V3Cars

January 2024 - 20 Top-Selling Cars YoY Change

• Top 3 Gainers:
  • Toyota’s Innova Crysta/HyCross with a YoY change of 558.72%.
  • Maruti Nexa’s Grand Vitara with a YoY change of 55.14%.
  • Mahindra’s Scorpio N + Classic with a YoY change of 64.00%.
• Top 3 Losers:
  • Maruti Suzuki’s Alto K10 with a YoY change of -42.11%.
  • Hyundai’s Creta with a YoY change of -12.14%.
  • Maruti Suzuki’s WagonR with a YoY change of -13.24%.
• Maruti Nexa’s Baleno is the top-selling car in January 2024 with 19,630 units sold, a 20.01% increase from January 2023.
• Tata’s Punch and Maruti Suzuki’s Dzire have seen significant growth with YoY changes of 49.74% and 48.21% respectively.
• Maruti Suzuki’s Alto K10 has seen a significant decrease in sales, with a YoY change of -42.11%.
• Two new models, Maruti Nexa’s Fronx and Hyundai’s Exter, have entered the market in 2024 and have made it to the top 20 list.
• Toyota’s Innova Crysta/HyCross has seen the highest YoY percentage change of 558.72%, although the absolute increase in sales is not the highest.
• Maruti Suzuki has the most models (7 out of 20) in the top-selling cars list.
• Despite the overall increase in sales for most models, some popular models like Maruti Suzuki’s WagonR, Swift, and Hyundai’s Creta have seen a decrease in sales compared to the previous year.
• These insights provide a snapshot of the dynamic nature of the car market, with consumer preferences shifting and new models making their mark. It’s also worth noting that Maruti Suzuki continues to dominate the market with multiple models in the top 20 list.

Jan 2024 - 20 Top-Selling Cars MoM Change

• Maruti Nexa Baleno saw a remarkable surge, with sales increasing by 8,961 units, representing a staggering 83.99% growth compared to December 2023.
• Tata Punch experienced a healthy rise, selling 4,191 units more than the previous month, resulting in a 30.4% increase.
• Maruti Suzuki WagonR had an impressive performance, selling 9,178 units more in January 2024, reflecting a substantial 106.99% growth.
• Tata Nexon witnessed a modest increase of 1,898 units, translating to a 12.42% rise.
• Maruti Suzuki Dzire showed steady growth, selling 2,761 units more, representing a 19.7% increase.
• Maruti Suzuki Swift performed well, with sales rising by 3,527 units, indicating a 29.78% growth.
• Maruti Suzuki Brezza had a decent month, selling 2,459 units more, resulting in a 19.15% increase.
• Maruti Suzuki Ertiga saw a moderate rise, selling 1,657 units more, reflecting a 12.77% growth.
• Mahindra Scorpio N + Classic experienced strong demand, selling 2,938 units more, representing a 25.87% increase.
• Maruti Nexa Fronx had an impressive performance, selling 3,951 units more, resulting in a 40.77% growth.

• Notable observations:
  • Maruti Suzuki models dominate the list, with consistent growth across various segments.
  • Tata and Hyundai also made significant contributions to the overall sales.
  • The Kia Sonet stands out with an astonishing 115200% increase, although the base sales were quite low in December 2023.
• Top Gainers:
  • Maruti Nexa Baleno:
    • Sales surged by an impressive 8,961 units, representing a staggering 83.99% growth compared to December 2023.
    • The Baleno continues to be a popular choice among buyers.
  • Maruti Suzuki WagonR:
    • This model had an outstanding performance, selling 9,178 units more in January 2024.
    • The substantial 106.99% growth indicates strong demand.
  • Maruti Suzuki Swift:
    • Sales rose by 3,527 units, reflecting a 29.78% growth.
    • The Swift remains a consistent performer in the market.
  • Maruti Nexa Fronx:
    • Impressive sales growth of 3,951 units, resulting in a 40.77% increase.
    • The Fronx seems to have struck a chord with buyers.

Note: If You Want to Buy a New Car, Calculate Car Loan EMI with V3Cars

Top 20 Sellings Cars— 6-Month Sales Trend (Aug 2023 - Jan 2024)

Note: Calculate Car Fuel Cost with V3Cars for India and Other Countries