In the last few months, automotive industry has seen a reduced pace in the last few months. Hence, all hopes were tied to the last month – October 2024, as it started with Navratri and ended with Diwali.
As opposed to same time last year, this year saw impressive rise in the sales number in October month this year. There was a total rise in vehicle sales by 32%.
Top 10 cars:
Below is the list of top 10 performers that rocked the auto sales:
- Maruti Suzuki Ertiga: With the strong sales of 18785 units this year, Maruti Suzuki Ertiga experienced a 32% increase in YoY growth from previous year’s 14209.
- Maruti Swift: With a 15% decline, Swift sold 17,539 units as compared to 20,598 units in 2023.
- Hyundai Creta: With an impressive rise by 34%, Creta with 17,497 units sold, up from 13,077 units last year, stands at 3rd spot.
- Maruti Suzuki Brezza: Selling a modest 3% increase, Brezza reached 16,565 units sold.
- Maruti Fronx: Fronx experienced impressive growth of 45% YoY
- Maruti Suzuki Baleno: With a sale of 16,419 units, there is 45% YoY increase as compared to 11,357 units in 2023. There is a 3% YoY decline, which suggests potential challenges from competing models in this segment.
- Tata Punch: With a 3% increase over the previous year, car recorded 15,740 units sold.
- Mahindra Scorpio: Scorpio, favourite among buyers, saw a 15% growth, selling 15,677 units.
- Tata Nexon: Tata Nexon faced a 13% decline, with 14,759 units sold this season, as compared to 16,887 units.
- Maruti Suzuki Grand Vitara: Maruti Suzuki Grand Vitara posted a 30% increase, with 14,083 units sold, up from 10,834 units in the previous year.
These figures highlight the varied performance of popular models in October 2024, with some like the Ertiga and Creta seeing significant growth, while others like the Swift and Nexon faced declines.
Summary
The automotive industry saw a 32% rise in vehicle sales as compared to the previous year. Maruti Ertiga led with 18,785 units, showing a 32% YoY growth. Other top performers included Hyundai Creta (34% increase), Maruti Fronx (45% increase), and Maruti Grand Vitara (30% increase). However, Maruti Swift and Tata Nexon faced declines in sales.