After a decline in sales at the end of 2023, the Indian automotive industry saw a spike in month-over-month (MoM) demand in the first month of 2024. The demand for almost all of the cars on this list increased positively year over year (YoY). Below is a thorough analysis of the sales performance of each model in January 2024

Key Takeaways

• The top spot on the January 2024 sales list went to the Maruti Baleno, with around 20,000 units sold. While its demand nearly doubled during the MoM spike, its year-over-year (YoY) figure increased by 20%.

• The next three best-selling models in January 2024 were the Maruti Wagon R, Tata Nexon, and Tata Punch, with sales ranging from 17,000 to 18,000 units each. With a 50 percent YoY rise, the Punch saw the largest of the three. Please take note that the stats for the Punch and Nexon also account for the sales of the EV versions of the Punch and Nexon.
• The single sedan on the list, the Maruti Dzire, sold about 16,800 units overall and was closely followed by the Nexon. The sales for March increased by almost 2,000 units.

• The next two cars on the January 2024 list were the Maruti Swift and Maruti Brezza, with sales figures ranging from 15,000 to 16,000 units. The hatchback saw a seven percent YoY decline, but the Brezza saw a seven percent YoY increase.
• Both the Mahindra Scorpio (which comprises the Classic and Scorpio N models) and the Maruti Ertiga saw YoY sales increases of more than 50%.
• The Maruti Fronx makes it onto this list with almost 13,600 units shipped. Its MoM number increased by over four thousand units.