News & Top StoriesThere are seven important competitors in the sub-4 million SUV market, including well-liked models like the Maruti Brezza and Tata Nexon. The Maruti SUV returned to the top of the sector sales ranking in February 2024, after the Nexon had dominated it for the previous few months. Overall, the segment saw sales of over 55,000 units, however, they were more than 12.5% lower than in January 2024.
Here’s a thorough analysis of these SUVs’ sales performance in February 2024
Sub-compact SUVs & crossovers | ||||||||
February 2024 | January 2024 | MoM Growth | Market share current(%) | Market share (% last year) | YoY mkt share (%) | Average sales (6 months) | ||
Maruti Brezza | 15765 | 15303 | 3.01 | 28.04 | 27.53 | 0.51 | 14527 | |
Tata Nexon | 14395 | 17182 | -16.22 | 25.6 | 24.27 | 1.33 | 14607 | |
Kia Sonet | 9102 | 11530 | -21.05 | 16.19 | 17.15 | -0.96 | 5595 | |
Hyundai Venue | 8933 | 11831 | -24.49 | 15.89 | 17.43 | -1.54 | 11355 | |
Mahindra XUV300 | 4218 | 4817 | -12.43 | 7.5 | 6.64 | 0.86 | 4643 | |
Nissan Magnite | 2755 | 2863 | -3.77 | 4.9 | 3.8 | 1.1 | 2504 | |
Renault Kiger | 1047 | 750 | 39.6 | 1.86 | 3.14 | -1.28 | 828 | |
Total | 56215 | 64276 | -12.54 | |||||
Important Notes
- The Maruti Brezza reclaimed its top spot as the best-selling sub-4 million SUV after more than 15,000 units were shipped. It accounted for somewhat more than 28% of the market.
- With almost 14,000 units sold overall, the Tata Nexon dropped to the second position. Its month-on-month (MoM) sales figure dropped by more than 16 percent, and it fell short of even reaching its average sales figures for the previous six months. Please take note that the sales data for the Tata Nexon EV is included in the total sales figure.
- Although the Kia Sonet’s sales in February 2024 exceeded its average sales figures over the previous six months, the SUV’s month-to-month sales number decreased by over 21%. Even its market share fell by about 1% on a year-over-year (YoY) basis.
- With total sales of around 9,000 units, the Hyundai Venue trailed closely behind the Sonet. In February 2024, its market share was around sixteen percent. Keep in mind that the Hyundai Venue N Line’s sales statistics are included in the Venue’s sales stats.
- The Mahindra XUV300 exceeded the 4,000 unit sales threshold, although it was unable to surpass its average sales figure for six months. At that point, its market share was 7.5%.
- The Nissan Magnite and Renault Kiger’s combined sales were unable to surpass 4,000 units, placing both SUVs behind the XUV300. Having said that, the Kiger was the only other SUV to see a positive MoM rise of almost 40%, after the Brezza here.
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