Hatchback Sales in India Drop by 22.92% in August 2024 – Maruti WagonR Leads the Segment
The hatchback segment in India experienced a notable decline in August 2024, with total sales dropping by 22.92% YoY to 83,129 units, compared to 1,07,844 units in August 2023. Despite the overall downturn, certain models managed to post gains, while others faced steep losses.
The Maruti WagonR retained its position as the best-selling hatchback, with sales rising by 5.60% YoY to 16,450 units. This increase of 872 units compared to August 2023 secured WagonR a dominant 19.79% market share.
The Maruti Swift saw a sharp 31.14% YoY decline, selling 12,844 units, down from 18,653 units. Despite the drop, it held a 15.45% market share.
The Baleno witnessed a significant 32.57% YoY decline, selling 12,485 units. Its market share dropped to 15.02%.
Alto sales declined by 11.01%, with 8,546 units sold in August 2024, capturing a 10.28% share.
The i10 NIOS saw a 26.57% YoY drop, selling 5,365 units, down from 7,306 units.
The i20 maintained steady sales, with 4,913 units sold, reflecting a marginal YoY growth of 0.35%.
Including its electric variant, the Tiago/EV faced one of the steepest declines, with sales dropping 49.98% to 4,733 units.
The Glanza recorded a 6.24% decline, with sales of 4,624 units, while the Maruti Celerio saw a 21.22% drop with 3,181 units sold.
Altroz experienced a steep 61.27% decline, selling just 3,031 units.
The Ignis bucked the trend, posting a modest 3.83% YoY growth, with 2,464 units sold.
The MG Comet EV saw remarkable growth of 68.97% YoY, selling 1,100 units in August 2024.
The C3 posted a staggering 102.80% growth, selling 507 units, while its electric counterpart, the eC3 EV, faced a 44.65% decline.
The Renault Kwid saw a 28.20% decline, with sales dropping to 634 units.
As the hatchback segment contends with a decline in overall demand, some models continue to dominate, while others grapple with shifting consumer preferences. The segment’s performance reflects ongoing changes in the Indian automotive market, with a rising focus on electric vehicles and evolving buyer preferences.
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