Tata Outperforms Hyundai Once More, Gaining Ground in February 2024 Sales

Hyundai Creta Car: You may have noticed that Tata Motors, which is typically ranked third on brand-wise sales charts, has been closing the gap on Hyundai, which has held the second-place position for decades if you have been paying careful attention to Indian auto sales in recent years. In terms of monthly sales over the past few years, the Indian automaker has even surpassed the massive Korean company a few times. This is only the fourth time in history that it has occurred in February 2024 vehicle sales.

Hyundai vs. Tata: Sales Comparison for February 24

• Tata’s sales in February 2024 exceeded the Hyundai Creta Car by about a thousand vehicles.
• Year-over-year (YoY) sales for the Indian brand increased by about 20 percent.
• With around 7,000 units sold, Tata’s EV range accounted for a sizeable portion of its total automobile sales and climbed by 30% year over year.
• Conversely, in February 2024, Hyundai reported a YoY growth of over seven percent.

Reasons Behind Such High Sales Figures

Given that Tata is the nation’s top manufacturer of electric vehicles, it is evident from the figures above that their EVs contribute significantly to monthly sales. Recent releases such as the Punch EV and the redesigned Nexon EV have contributed to Tata’s advantage over its Korean competitor. The Nexon and Punch regularly appear on the list of the top 10 selling cars each month, demonstrating the high demand for even its internal combustion engine (ICE) range.

In contrast, Hyundai claims that it sold over 15,000 facelifted Cretas in total in February 2024—the greatest monthly sales statistic for the brand since it began in 2015. Exter and Venue together sell an average of well over 5,000 units month over month, making them another potent volume grabber for the Korean brand. Even if their figures are noteworthy, they are not as high as those of its Tata competitors, Punch and Nexon, respectively.

What Are The Two Brands’ Future Plans?

Tata has already introduced the Punch EV in January 2024, and for the remainder of the year, it has an electric SUV attack planned that will include the Curvv and Harrier EVs. Conversely, Hyundai is preparing for the March 11 debut of the Creta N Line. Hyundai is also anticipated to release the redesigned Alcazar and the Ioniq 6 in India in 2024.

We predict it won’t be long before the Indian automaker regularly holds the second-place position in Indian monthly car sales, given that both automakers are aiming to increase their production capabilities and Tata’s greater selection of mass-market SUV products.

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