News & Top StoriesIn the Indian automotive sector, month-on-month (MoM) demand increased in the first month of 2024 after a decline in sales at the end of 2023. Nearly every vehicle on this list experienced strong year-over-year (YoY) growth in demand. Here is a thorough analysis of each model’s performance in sales in January 2024:
| Model | January 2024 | January 2023 | December 2023 |
| Maruti Baleno | 19,630 | 16,357 | 10,669 |
| Tata Punch | 17,978 | 12,006 | 13,787 |
| Maruti Wagon R | 17,756 | 20,466 | 8,578 |
| Tata Nexon | 17,182 | 15,567 | 15,284 |
| Maruti Dzire | 16,773 | 11,317 | 14,012 |
| Maruti Swift | 15,370 | 16,440 | 11,843 |
| Maruti Brezza | 15,303 | 14,359 | 12,844 |
| Maruti Ertiga | 14,632 | 9,750 | 12,975 |
| Mahindra Scorpio | 14,293 | 8,715 | 11,355 |
| Maruti Fronx | 13,643 | – | 9,692 |
Key Takeaways
- The top spot on the January 2024 sales list went to the Maruti Baleno, with around 20,000 units sold. While its demand nearly doubled during the MoM spike, its year-over-year (YoY) figure increased by 20%.
- The Tata Punch, Maruti Wagon R, and Tata Nexon were the next three best-selling models in January 2024, with sales ranging from 17,000 to 18,000 units. The Punch saw the most YoY growth of 50% out of the three. Be aware that sales of the Punch EV and Nexon EV, respectively, are included in the data for both models.
- The Maruti Dzire, the only sedan on the list, sold over 16,800 units overall, trailing the Nexon by a narrow margin. Its month-over-month (MoM) sales increased by about 2,000 units.
- The next two cars on the January 2024 list were the Maruti Swift and Maruti Brezza, with sales figures ranging from 15,000 to 16,000 units. The hatchback saw a seven percent YoY decline, but the Brezza saw a seven percent YoY increase.
- The Mahindra Scorpio (Classic and Scorpio N models included) and Maruti Ertiga saw YoY increases in sales of over 50%.
- This list includes the Maruti Fronx, which shipped more than 13,600 vehicles. By over 4,000 units, its MoM number increased.