Our Terms & Conditions | Our Privacy Policy
Maruti Suzuki Dzire
Sales of cars declined sharply in November 2024 with most leading automakers accounting for poor consumer demand
The month of November, generally speaking a lean month, saw a large number of automakers in India report lower retail sales. This is commonly a trend seen after the hectic festive and wedding seasons. Buyers also defer purchases as they await special year-end discounts and benefits offered by dealers in the month of December.
Maruti Suzuki, despite a significant decline in sales, once again led the segment by a huge margin. Hyundai, Mahindra and Tata saw a close contest. Toyota on the other hand, saw a rather notable improvement in its YoY sales performance.
Car Retail Sales Nov 2024 – YoY, MoM
Passenger vehicle retail sales in Nov 2024 stood at 3,21,943 units. This was a 33.37% MoM decline from 4,83,159 unit sales in Oct 2024 while YoY sales fell by 13.72% when compared to 3,73,140 units sold in Nov 2023. The car segment however recording a 4.19% growth in year-to-date (YTD) sales which improved to 26,97,934 in the FY25 period from 25,89,501 units sold in FY24.
Dealers pinned this decline in sales in Nov 2024 on various factors such as weak market sentiment, relatively lower new launches and a limited product range. Dealers also face constraints in terms of piling inventories and hence several company dealerships have announced year-end discounts.
Car Retail Sales Nov 2024
Maruti Suzuki once again topped the list with 1,28,521 unit sales last month to command a 39.92% market share. There had been 1,52,103 units sold in Nov 2023. The company had recorded retail sales at 1,99,675 units in Oct 2024, just short of a few units to the 2 lakh unit mark.
Hyundai Took 2nd Position
Hyundai sales decline to 43,996 units, down from 51,288 units sold in Nov 2023. Mahindra on the other hand, reported a rise in retail sales, thanks to its highly sought after SUV range to 42,305 units in Nov 2024 from 41,544 units sold in the same month last year. A relatively high decline in sales was recorded by Tata Motors, sales of which fell to 42,176 units in the past month from 54,923 unit sales of Nov 2023.
Toyota saw its sales improve to 20,261 units taking up its market share to 6.29% in Nov 2024. This was over 17,936 units sold in Nov 2023 when market share had stood at 4.81%. Kia India sales declined sharply to 18,502 units from 20,786 units on a YoY basis.
The Skoda/VW Group also saw its retail sales decline to 5,671 units over 8,003 units sold in Nov 2023. The newly launched MG Windsor EV has brought in rich rewards for the company. It saw its retail sales go up to 5,002 units last month from 4,260 units sold in Nov 2023.
Honda car retail sales were down by 50% to 4,485 units last month from 8,541 unit sales of Nov 2023.However, this will surely reverse in the coming months with the latest Amaze sedan just been launched with several first in segment features. Renault (2,953 units) and Nissan (2,354 units) also suffered a moderately high YoY decline in retail sales. However, Nissan saw its market share improve marginally to 0.73% from 0.68% YoY.
BMW Posts YoY De-Growth in Retail Sales
Mercedes Benz has seen a minimal improvement in retail sales to 1,396 units in Nov 2024 from 1,380 units sold in Nov 2023. However, BMW retail sales failed to surpass the 1,000 unit mark. The company suffered a severe decline to 993 units in the past month whereas there had been 1,227 units sold in the same month last year.
In the sub-1,000 unit category, there was also Force Motors (579 units), Citroen (467 units), Jeep India (347 units), BYD (329 units), Jaguar (311 units) and Volvo (142 units). Of these. There were others on this list that added 1,153 units to total retail sales, a YoY growth from 1,072 units of Nov 2023.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.