News & Top StoriesThe Maruti Brezza continued to lead the Tata Nexon in sales and held the top rank in the tables as of March 2024. Despite an almost 6 percent decline in the segment’s total month-over-month (MoM) sales, around 53,000 subcompact SUVs were nevertheless sold across the nation last month. The performance of each subcompact SUV is shown in this comprehensive sales report.
| Sub-compact SUVs & crossovers | |||||||
| March 2024 | February 2024 | MoM Growth | Market share current(%) | Market share (% last year) | YoY mkt share (%) | Average sales (6 months) | |
| Maruti Brezza | 14614 | 15765 | -7.3 | 27.64 | 27.2 | 0.44 | 14726 |
| Tata Nexon | 14058 | 14395 | -2.34 | 26.59 | 24.75 | 1.84 | 15665 |
| Hyundai Venue | 9614 | 8933 | 7.62 | 18.18 | 16.8 | 1.38 | 11019 |
| Kia Sonet | 8750 | 9102 | -3.86 | 16.55 | 14.54 | 2.01 | 6425 |
| Nissan Magnite | 2701 | 2755 | -1.96 | 5.1 | 5.46 | -0.36 | 2542 |
| Mahindra XUV300 | 2072 | 4218 | -50.87 | 3.91 | 8.59 | -4.68 | 4514 |
| Renault Kiger | 1050 | 1047 | 0.28 | 1.98 | 2.62 | -0.64 | 847 |
| Total | 52859 | 56215 | -5.96 | ||||
Important lessons learned
- The Maruti Brezza continued to be the best-selling subcompact SUV in the market with over 14,500 units sold, even if its month-over-month (MoM) sales decreased by more than 7%. In the segment, the Brezza continues to hold the largest market share at over 28%.
- Tata Nexon continued to be the second best-selling compact SUV in the segment in March 2024 despite selling fewer than 500 units than the Maruti Brezza. Subcompact SUV sales have surpassed 10,000 units, with the Nexon being the only model to do so after the Brezza. Note that these numbers reflect sales of both the Tata Nexon and Tata Nexon EVs.
- In March 2024, the Hyundai Venue—the third-best-selling sub-4 million SUV—attracted over 9,500 purchasers. Its MoM sales increased by almost 8%, and it now commands a market share of more than 18% in the category. It is noteworthy that the sales figures for Hyundai Venue and Venue N Line are combined in this instance.
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- Despite the 8 percent decline in monthly sales, Kia shipped over 8,500 units of the Sonet in March 2024. This figure is more than 2,000 copies higher than sales in the previous six months.
- Mahindra The main reason for the decline is that Mahindra is preparing to launch its version, the XUV 3XO.
- The Renault Kiger was the best-selling SUV of March 2024, finding more than 1,000 buyers last month. However, last month’s performance was better than the average sales of the previous six months. Meanwhile, its mechanical sibling, the Nissan Magnite, managed to sell more than 2,700 units in a month of high demand.
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