News & Top StoriesIndia saw sales of over 46,000 compact SUVs in January, with a growth rate of more than 12 percent month over month (MoM) for this segment. The Maruti Grand Vitara was the best-selling compact SUV in its class, with the Hyundai Creta coming in second. Let us now examine the sales figures for every small SUV in the previous month Maruti Grand Surpassed Hyundai.
| Compact SUVs & crossovers | |||||||
| January 2024 | December 2023 | MoM Growth | Market share current(%) | Market share (% last year) | YoY mkt share (%) | Average sales (6 months) | |
| Maruti Grand Vitara | 13438 | 6988 | 92.3 | 28.76 | 23.94 | 4.82 | 9732 |
| Hyundai Creta | 13212 | 9243 | 42.94 | 28.27 | 41.55 | -13.28 | 12458 |
| Kia Seltos | 6391 | 9957 | -35.81 | 13.67 | 28.93 | -15.26 | 10833 |
| Toyota Hyryder | 5543 | 4976 | 11.39 | 11.86 | 11.59 | 0.27 | 3880 |
| Honda Elevate | 4586 | 4376 | 4.79 | 9.81 | 0 | 9.81 | 3766 |
| Volkswagen Taigun | 1275 | 2456 | -48.08 | 2.72 | 4.02 | -1.3 | 1981 |
| Skoda Kushaq | 1082 | 2485 | -56.45 | 2.31 | 5.56 | -3.25 | 2317 |
| MG Astor | 966 | 821 | 17.66 | 2.06 | 2.64 | -0.58 | 868 |
| Citroen C3 Aircross | 231 | 339 | -31.85 | 0.49 | 0 | 0.49 | 98 |
| Total | 46724 | 41641 | 12.2 | 99.95 | |||
Principal Learnings
January 2024 saw nearly 13,400 Maruti Grand Vitaras sold, making it the best-selling compact SUV. Along with having the greatest market share in the class, the Grand Vitara has also shown the greatest MoM increase of 92% Maruti Grand Surpassed Hyundai.
- Hyundai’s Creta, which retailed 13,212 units in January, is the only SUV to surpass the 10,000 unit sales milestone, having previously only gone past the Grand Vitara. Even though monthly sales increased by almost 43%, Creta’s market share fell by more than 13% on an annual basis.
- Only about 6,400 people purchased Kia Seltos in January 2024, a decrease of almost 3,500 units from December 2023. Sales of the car rapidly declined. Compared to the previous six months’ average sales, its January 2024 sales were about 4,500 units lower.
- With more than 5,543 sold, the Toyota Hyryder, the stablemate of the Maruti Grand Vitara, ranked fourth in the sales chart. Over 11 percent gain in MoM was recorded by the Toyota SUV.
- Sales of the Honda Elevate saw a MoM gain of more than 4.5 percent in January 2024, with over 4,500 units sold. Honda’s all-new Elevate was introduced in September 2023, and as of right now, it has a 9.8% market share.
- In January 2024, sales of the Volkswagen Taigun and Skoda Kushaq saw MoM losses of approximately 56% and 48%, respectively. Last month, the Taigun and Kushaq sold more than 2,300 units combined.
- MG Astor’s monthly sales have increased slightly, by about 18%, but they are still not enough to surpass 1,000 units sold.
- With 231 sales in January 2024, the Citroen C3 Aircross continues to be the least popular model in the segment.