Maruti Suzuki Tops the Charts
Maruti Suzuki, India’s largest car manufacturer, once again secured the top spot in the November 2024 car sales chart. The company sold an impressive 1,41,312 units, outperforming Hyundai and Tata combined.
Despite this dominance, Maruti’s monthly sales declined by 11.5% compared to October 2024, a drop likely attributed to post-festive season slowdowns. However, the company saw a 5.3% growth in year-on-year (YoY) sales compared to November 2023.
Hyundai and Tata Follow in Second and Third
Hyundai claimed the second spot with 48,246 units sold, reflecting a 13.2% drop from October 2024 and a 2.4% decline in YoY sales. Tata Motors came in third with 47,063 units, showing resilience with only a 2.2% monthly dip and a 2.2% YoY growth.
Mahindra and Toyota’s Mixed Fortunes
Mahindra, despite a strong market presence, experienced a significant 15.2% drop in month-on-month (MoM) sales with 46,222 units sold. Its YoY sales, however, rose by 15.6%, showcasing long-term growth potential. Toyota’s performance was noteworthy, selling 25,183 units. While its MoM sales declined by 10.5%, its YoY growth of 48.8% was the highest among all brands, underscoring its expanding footprint in India.
Kia, MG, and Honda Show Varied Trends
Kia recorded sales of 20,600 units, experiencing a 9.5% drop in both MoM and YoY numbers. MG Motor saw a 14.6% decline in monthly sales but achieved a remarkable 44.9% YoY growth. Honda, on the other hand, struggled, selling just over 5,000 units. It posted a 9.8% MoM decline and a staggering 42.7% YoY drop, marking the steepest decline on the list.
Volkswagen and Skoda Struggle
Volkswagen’s sales fell to 3,033 units, the sharpest MoM drop at 32%, with a 2% YoY decline. Skoda rounded out the list with 2,886 units sold, witnessing a 29.2% monthly decline and a 23.7% drop in YoY sales.
Post-Festive Slump Hits Market
The decline in sales across all brands highlights a typical post-festive season trend. Maruti’s stronghold, along with Toyota and MG’s significant YoY growth, indicates positive signs for the industry despite the monthly setbacks.
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