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-   -   August 2024 : Indian Car Sales Figures & Analysis (https://www.team-bhp.com/forum/indian-car-scene/284875-august-2024-indian-car-sales-figures-analysis-2.html)

Verna sales are really declining, was expecting Hyundai to get some momentum in that segment. Now only Virtus is selling some decent numbers, though even that’s less overall. Hope the Slavia and Virtus facelifts brings more numbers.

Hyundai is doing something very right with Creta which Kia is not able to do with Seltos.

Inventory pile up season!

Few highlights for me -

Citroen - Basalt doing OK numbers (for the brand).

Nissan - 6 X- Trails sent to 6 dealer crying in the corner.

Maruti - A sharp uptick in Brezza sales- so much so that i's now India's bestselling car!

Jeep - The entire brand is literally begging for the sweet release of death.

Tata - The Altroz is on life support - despite the Ricer -sorry - Racer edition.

Mahindra - Despite the Marazzo being discontinued for a few months now, 8 have been shipped to dealers. What gives?

Hyundai - Despite it being the coolest and most futuristic car in it's segment, Verna numbers are steadily declining. Just goes to show how much the market has moved on from sedans.

You missed the biggest Inventory pilers - Toyota and Kia

Toyota dealers or factory stockyards have 5.8k and Kia have 4k cars lying in their stockyards. Even with so much inventory both these companies are not giving enough discounts to sell these cars.

Toyota inventory piles ie. rebadged marutis! The real Toyotas like Innovas and fortuners are unlikely to face demand challenges me thinks.

Yup it was Maruti dump, it was across models be Toyota or themselves.

Also I think evaluating retail sales is better yardstick than dispatches. Dispatches are just a forced dump by manufacturers to dealers

So, positions 2, 3 & 4 depends on who can push their dealers to accept more stock!

Now the battle between Curvv and Thar Roxx for the coveted 3rd place (even 2nd place as Hyundai isn't much far ahead) has to be witnessed.

Thar Roxx will be super successful, Curvv also will be a success. But both will cannibalise Thar 3D/ Scorpio N/ XUV7OO & Nexon respectively. Will be interesting to see.


Punch sells 5 times as much as Altroz. The latter being a better overall product, is somehow getting a step motherly treatment from Tata. A facelift is overdue.

I am surprised to see the Brezza in the top position all of a sudden.:confused: They didn’t update the model, nor were there any significant price cuts in August.

This sudden jump to the first spot (an additional 5k units) is hard to conclude with a precise reason. It’s possible they are pushing out cars to dealers ahead of the festive season. In a few months, we shall know the precise reason for this jump.

The Korean & Indian manufacturers understanding of the market pulse is truly outstanding.

Frankly the Europeans & Japanese should be ashamed that even products like XUV700, Harrier, Safari which are a segment above than their offerings consistently outsell them.

Its high time VAG & Honda learn a thing or two about getting correct market insights from them else no one could save them in Indian market.

Maruti's market share was in the range of 48-49% few years back and it has now reduced to around 40%. Appears that they have lost market share to TAMO and they are struggling to make an impact in >15 lacs segment. If this trend continues then may be theire market share could come down further. Thoughts from people on this please?

Suzuki's market share has been hovering in the 40-42% range for some time now. It is unlikely to go higher as it is unlikely that any one company today can launch as many vehicles as the entire industry and sell them equally as well. Their only chance for a noticeable increase will arrive when and if ever the small car market ever revives, as all OEMs without exception have exited this market, in terms of new developments or efforts.

Also, in terms of revenue market share again, Suzuki with its mass focused line up will never match up to a Toyota or a Hyundai who earn massively per car sold.

But what it is interesting is the profit margins. Suzuki India arm has been consistently exhibiting profits in the band of 10-11% whilst others are hovering in the 6-8% range.

Whenever I see news about inventory levels of cars rising, I am becoming uncomfortable. The reason being rains now a days are creating havoc in all cities in India due to extreme weather conditions with Instagram reels showing brand new cars half submerged in water. I hope that the dealers have ethics and professionalism not to hide a car immersed in flood waters in their stock yard and sell the lemon to an unsuspecting customer. This is the reason I look forward to buying a car from a dealer who has a personal care towards us by being a somebody who is known to our friends circle. At least we will be saved from the lemon as there are no lemon laws in India to fight in case of an unfortunate situation.

I suspect Ertiga's numbers have been increasing due to adoption with fleet operators. I see fleet operators slotting it between sedan and Innova segment and seeing decent adoption. It is a comfortable city people mover with good efficiency and low cost of operations.