News & Top StoriesSales of the Volkswagen Virtus Beat Those of the Hyundai Verna in March 2024
Volkswagen Virtus & Hyundai: Sales data from March 2024 suggests that the compact vehicle segment had a successful end to the fiscal year 2023–2024. The Volkswagen Virtus is at the top of the sales ranking, with the Hyundai Verna trailing closely after. Except for the Honda City, practically all compact sedans had positive month-over-month (MoM) growth in the previous month. The sales performance of each automobile in March 2024 is broken down here.
Compact sedans
| Compact sedans | |||||||
| March 2024 | February 2024 | MoM Growth | Market share current(%) | Market share (% last year) | YoY mkt share (%) | Average sales (6 months) | |
| Volkswagen Virtus | 1847 | 1631 | 13.24 | 27.87 | 17.71 | 10.16 | 1741 |
| Hyundai Verna | 1716 | 1680 | 2.14 | 25.89 | 37.12 | -11.23 | 1865 |
| Skoda Slavia | 1358 | 1028 | 32.1 | 20.49 | 15.56 | 4.93 | 1584 |
| Honda City | 1116 | 1184 | -5.74 | 16.84 | 26.62 | -9.78 | 1318 |
| Maruti Suzuki Ciaz | 590 | 481 | 22.66 | 8.9 | 2.96 | 5.94 | 633 |
| Total | 6627 | 6004 | 10.37 | 99.99 | |||
Principal Learnings
- The Volkswagen Virtus was the best-selling compact sedan in March 2024, having sold over 1,800 copies. With a nearly 28 percent market share in the segment, Virtus has seen monthly sales growth of more than 13 percent.
- By just 131 units, the Hyundai Verna’s sales just missed outpacing those of the Virtus. While month-to-month sales were stable at over 1,700 shipments, the company’s year-over-year (YoY) market share decreased by over 11 percent.
- More than 1,300 people purchased the Skoda Slavia, a small automobile, in March 2024. The Slavia sold more than 200 fewer units last month than its average sales over the previous six months, even though it had the most month-over-month (MoM) growth of 32%.
- The sole small car in this group, the Honda City, saw a decline in monthly sales but managed to surpass 1,000 units sold. Additionally, the City’s YoY market share decreased by almost 10%. The change in variant-specific features that was announced in April 2024 is likely what caused this output decline, and the Honda sedan should soon resume its typical sales volume.
- In March 2024, the Maruti Ciaz—which is currently regarded as an obsolete model in the segment—became the least popular small sedan. Its monthly sales jumped by more than 100 homes last month, despite drawing fewer than 600 buyers.
Also Read : Maruti Increases Manesar Plant Production Capacity To Up To 9 Lakh Units Year
News & Top StoriesHonda Amaze, Elevate, and City Prices Increased; Elevate and City Come With Six Airbags Normally
- Honda updated the variant list for the Amaze and City Hybrid while making revisions to the Elevate and City’s features based on variants.
- The current price range for the Honda Elevate SUV (ex-showroom) is Rs 11.91 lakh to Rs 16.43 lakh.
- The current pricing range for the Honda City sedan, ex-showroom, is Rs 12.08 lakh to Rs 16.35 lakh.
- The Honda City hybrid now only comes in the top variant, priced at Rs 20.55 lakh (ex-showroom), and does not include the entry-level V variant.
- The entry-level Honda Amaze is no longer available; it now starts at Rs 7.93 lakh (ex-showroom).
Beginning with the new fiscal year, all Honda vehicles will now have more expensive entry-level prices. Furthermore, extra airbags are now standard on the Honda Elevate and Honda City, and the Honda Amaze safety package has received a minor update. Let’s examine the updated costs and feature sets for each model in more depth.
Prices & Updates for New Honda Features
Honda Elevate
| Variant | New Price | Old Price | Difference |
| SV | Rs 11.91 lakh | Rs 11.58 lakh | Rs 33,000 |
| V | Rs 12.71 lakh | Rs 12.31 lakh | Rs 40,000 |
| VX | Rs 14.10 lakh | Rs 13.71 lakh | Rs 40,000 |
| ZX | Rs 15.41 lakh | Rs 15.10 lakh | Rs 31,000 |
| Automatic | |||
| V CVT | Rs 13.71 lakh | Rs 13.41 lakh | Rs 30,000 |
| VX CVT | Rs 15.10 lakh | Rs 14.80 lakh | Rs 30,000 |
| ZX CVT | Rs 16.43 lakh | Rs 16.20 lakh | Rs 23,000 |
The Elevate now prices as much as Rs 40,000 more. It now shares the top price for the entry-level compact SUV model with the Skoda Kushaq.
Six airbags are now standard on the small SUV; they were formerly exclusive to the top ZX model. Additional upgrades to its features include headrest adjustments for each of the five seats and a seatbelt reminder. The semi-digital instrument cluster with a 7-inch TFT and the front visors with a vanity mirror and lid are now standard features on variants. Silver paint will now be applied on the auto climate controls for temperature and fan speed as well as the front AC vent knob.
Honda City
| Variant | New Price | Old Price | Difference |
| SV | Rs 12.08 lakh | Rs 11.71 lakh | Rs 37,000 |
| V | Rs 12.85 lakh | Rs 12.59 lakh | Rs 26,000 |
| VX | Rs 13.92 lakh | Rs 13.71 lakh | Rs 21,000 |
| ZX | Rs 15.10 lakh | Rs 14.94 lakh | Rs 16,000 |
| Automatic | |||
| V CVT | Rs 14.10 lakh | Rs 13.84 lakh | Rs 26,000 |
| VX CVT | Rs 15.17 lakh | Rs 14.96 lakh | Rs 21,000 |
| ZX CVT | Rs 16.35 lakh | Rs 16.19 lakh | Rs 16,000 |
Honda has increased the City sedan’s price by up to Rs 37,000.
In addition, it now comes with seatbelt reminders for all five seats and six airbags as standard, which were previously only available on VX and above models. The VX model now has an 8-speaker sound system and a rear sunshade, while the base model receives a 4.2-inch MID in the gauge cluster.
It appears that limited demand has forced Honda to withdraw the entry-level City Hybrid model, or it soon will. The only difference between these two examples is that all five seats now have seatbelt reminders.
Honda Amaze
| Variant | New Price | Old Price | Difference |
| E | N.A. | Rs 7.16 lakh | N.A. |
| S | Rs 7.93 lakh | Rs 7.84 lakh | Rs 11,000 |
| VX | Rs 9.04 lakh | Rs 8.95 lakh | Rs 9,000 |
| Automatic | |||
| S | Rs 8.83 lakh | Rs 8.73 lakh | Rs 10,000 |
| VX | Rs 9.86 lakh | Rs 9.77 lakh | Rs 9,000 |
The base Honda Amaze’s price has gone up by as much as Rs 11,000 now. Additionally, all five of the seats now have seatbelt reminders. It appears that the Amaze’s base model may soon be canceled in this case as well.
Honda City Hybrid
| Variant | New Price | Old Price | Difference |
| V | N.A. | Rs 18.89 lakh | N.A. |
| ZX | Rs 20.55 lakh | Rs 20.39 lakh | Rs 16,000 |
It appears that limited demand has forced Honda to withdraw the entry-level City Hybrid model, or it soon will. The only difference between these two examples is that all five seats now have seatbelt reminders.
News & Top StoriesThis February, Honda vehicles are being offered at discounts of more than Rs 1 lakh.
The savings are valid for Honda models from both the MY23 and MY24 generations.
Honda has released its February 2024 offer schedule, which is valid for both the Honda City and Honda Amaze models built in the MY23 and MY24 manufacture years. Corporate discounts, exchange incentives, cash discounts, and other advantages are included. Please be aware that the Honda Elevate SUV and the Honda City Hybrid are not currently available for purchase.
Disclaimer: Purchasing a car made in 2023 as opposed to a MY24 model may have an impact on the car’s resale value.
Honda City
| Offers | Amount | |
| MY23 | MY24 | |
| Cash Discount | Up to Rs 25,000 | Up to Rs 15,000 |
| Free Accessories (Optional in place of cash discount) | Up to Rs 26,947 | Up to Rs 16,296 |
| Loyalty Bonus | Up to Rs 4,000 | Up to Rs 4,000 |
| Exchange Bonus | Up to Rs 15,000 | Up to Rs 10,000 |
| Honda Car Exchange Bonus | Up to Rs 6,000 | Up to Rs 6,000 |
| Corporate Discount | Up to Rs 5,000 | Up to Rs 5,000 |
| Special Corporate Discount | Up to Rs 20,000 | Up to Rs 20,000 |
| Special Edition Benefit (Elegant) | Up to Rs 36,500 | Up to Rs 36.500 |
| Extended Warranty (4th and 5th year) | Rs 13,651 | Up to Rs 13,651 |
| Maximum Benefits | Up to Rs 1.13 lakh | Up to Rs 74,947 |
- Significant discounts are available for the Honda City sedan’s MY23 and MY24 models.
- The monetary discount, exchange bonus, and optional free accessories are all lower for the City’s MY24 units. However, a free extended warranty is available to customers who purchase the ZX or VX model.
- Consumers have the choice of receiving free accessories or a cash reduction.
- While first-time Honda purchasers are eligible for an exchange benefit of only Rs 15,000, current Honda customers can also receive a loyalty incentive and an extra exchange bonus of Rs 6,000.
- The Elegant edition of the Honda City, which is based on the V variation, comes with a special edition bonus worth Rs 36,500.
- The Honda City is priced between Rs 11.71 lakh and Rs 16.19 lakh.
Honda Amaze
| Offers | Amount | |
| MY23 | MY24 | |
| Cash Discount | Up to Rs 30,000 | Up to Rs 20,000 |
| Free Accessories (Optional in place of cash discount) | Up to Rs 36,246 | Up to Rs 24,346 |
| Loyalty Bonus | Up to Rs 4,000 | Up to Rs 4,000 |
| Exchange Bonus | Up to Rs 15,000 | Up to Rs 10,000 |
| Corporate Discount | Up to Rs 3,000 | Up to Rs 3,000 |
| Special Corporate Discount | Up to Rs 20,000 | Up to Rs 20,000 |
| Special Edition Benefit | N.A. | Up to Rs 30,000 |
| Maximum Benefits | Up to Rs 78,246 | Up to Rs 91,346 |
- Only the mid-spec S version of the Amaze is eligible for the cash discount or optional free items that were previously stated for MY23 cars.
- The top-spec MY23 Amaze VX and Elite models’ cash discount drops to Rs 20,000, and the optional equipment’ value drops to Rs 24,346. It further drops to Rs 10,000 as a cash discount or accessories valued at Rs 12,349 for the base-spec E model.
- The aforementioned monetary savings and free accessories are exclusively available on the mid-spec S variant of the Honda Amaze for MY24 models.
- On Elite variants of the Amaze, Honda is giving a special edition discount of Rs 30,000.
- However, a lower exchange bonus of Rs 10,000 is available for the Honda Amaze Elite version.
- The Amaze is not eligible for the Honda car exchange bonus, in contrast to the Honda City.
- The ex-showroom price of the Honda Amaze in Delhi is between Rs 7.16 lakh and Rs 9.92 lakh.
Notes:
- Offers may change based on the state and city stated above. For additional information, kindly get in touch with the Honda dealership that is closest to you].
- Prices are all ex-showroom in Delhi.