The SUV segment dominated with over 50% of total car sales in FY24, with five SUVs among the top 10 best-selling cars in India. Hatchbacks comprised three entries, while one each belonged to the sedan and MPV categories. In terms of segment share within the passenger vehicle (PV) industry, SUVs led with 50.4%, followed by hatchbacks (27.8%), MPVs (9.3%), sedans (9%), and vans (3.5%). SUVs, MPVs, and vans witnessed growth, whereas hatchbacks and sedans saw a decline in market share.
Maruti Suzuki India claimed six models among the top 10 best-sellers in FY24, while Tata Motors secured two spots, and Hyundai Motor India and Mahindra & Mahindra each had one.
Maruti Suzuki WagonR continued its dominance with sales of 200,177 units in FY24, retaining its top spot from FY22 and FY23. Following closely were Maruti Suzuki Baleno with 195,607 units and Maruti Suzuki Swift with 195,321 units, showcasing Maruti Suzuki’s stronghold in the hatchback segment.
Tata Nexon continued to lead the SUV segment with 171,697 units sold in FY24, maintaining its top position from FY22 and FY23. Tata Punch followed suit with 170,076 units, while Maruti Suzuki Brezza, a competitor to the Nexon, secured 169,897 units.
In the sedan category, Maruti Suzuki Dzire performed impressively with sales of 164,517 units in FY24.
Hyundai Creta emerged as the best-selling mid-size SUV with 161,653 units sold in FY24. Maruti Suzuki Ertiga stood as the lone MPV with sales of 149,757 units, while Mahindra Scorpio, including N and Classic variants, secured the 10th position with 141,462 units sold in FY24.
10 largest-selling cars in India in FY24
- Maruti Suzuki WagonR – 200,177 units
- Maruti Suzuki Baleno – 195,607 units
- Maruti Suzuki Swift – 195,321 units
- Tata Nexon – 171,697 units
- Tata Punch – 170,076 units
- Maruti Suzuki Brezza – 169,897 units
- Maruti Suzuki Dzire – 164,517 units
- Hyundai Creta – 161,653 units
- Maruti Suzuki Ertiga – 149,757 units
- Mahindra Scorpio – 141,462 units
In the highly competitive landscape, Maruti Suzuki India secured three models in the top 10 best-selling SUVs, while Tata Motors, Hyundai Motor India, and Mahindra & Mahindra each had two representations. Kia India also made its mark with one model. Notably, the top eight SUVs achieved impressive wholesale figures, surpassing 10,000 units each. Additionally, both the Hyundai Creta and the Mahindra Scorpio achieved their highest-ever monthly sales volumes.
Securing the top position in the February 2024 SUV rankings, the Tata Punch recorded remarkable sales of 18,438 units. Following closely, the Maruti Suzuki Brezza claimed the second spot with 15,765 units sold. Notably, the Hyundai Creta achieved its highest monthly sales since its inception, with 15,276 units. The Mahindra Scorpio, including N and Classic variants, also scored its best-ever monthly sales figure of 15,051 units.
The Tata Nexon secured its position with 14,395 units, followed by the Maruti Suzuki Fronx with 14,168 units. Another Maruti Suzuki model, the Grand Vitara, claimed the third spot among the best-sellers, selling 11,002 units. The Mahindra Bolero proved its popularity with sales of 10,113 units. Kia’s representation on the list was the Kia Sonet, which garnered 9,102 units. Closing the list of best-selling SUVs was the Hyundai Venue, selling 8,933 units.
The SUV market continues to thrive, with the Tata Punch and Maruti Suzuki Brezza leading the way, showcasing the diverse range of options available to consumers in February 2024.
Top 10 selling SUVs in February 2024
- Tata Punch – 18,438 units
- Maruti Suzuki Brezza – 15,765 units
- Hyundai Creta – 15,276 units
- Mahindra Scorpio – 15,051 units
- Tata Nexon – 14,395 units
- Maruti Suzuki Fronx – 14,168 units
- Maruti Suzuki Grand Vitara – 11,002 units
- Mahindra Bolero – 10,113 units
- Kia Sonet – 9,102 units
- Hyundai Venue – 8,933 units
The Scorpio N and Scorpio Classic models are seeing a surge in bookings, with over 16,000 units jointly reserved per month. Despite the high demand, Mahindra has managed to streamline its operations, resulting in a significant reduction in waiting times for customers.
As of February 2024, the waiting period for the Scorpio N Z8 L variant is only two to three months on average, which is six to eight months less than the previous period. Similarly, other variants of the Scorpio N have also seen a reduction in waiting time, with the mid-spec variants now taking around four months on average, compared to six to eight months earlier.
The Scorpio N lineup offers a choice of two powerful engines: a 203hp, 2.0-litre turbo-petrol and a 175hp, 2.2-litre turbo-diesel engine. Both engines are available with 6-speed manual or automatic transmission. However, only the diesel variant gets the 4WD option. The price of Scorpio N ranges from Rs 13.60 lakh to Rs 24.54 lakh (ex-showroom).
Meanwhile, the Scorpio Classic has retained its popularity, with the waiting period ranging from two to three months for the base variant and four to five months for the top-spec S11 variant. Powered by a 2.2-litre diesel engine generating 132hp and 300Nm torque, the Scorpio comes with a classic 6-speed manual gearbox. However, it lacks the automatic transmission and 4×4 capability, which is available in the Scorpio N. Scorpio Classic prices range from Rs 13.59 lakh to Rs 17.35 lakh (ex-showroom).
With the Scorpio Classic and Scorpio N leading the way in terms of bookings, Mahindra is strengthening its position in the SUV segment. The reduction in wait time reflects the company’s commitment to providing exceptional value and customer satisfaction in a competitive market landscape.
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