Passenger Car Sales in July 2024 : Report Card

July 2024 witnessed a dynamic shift in passenger car sales across various brands in India, with some experiencing significant growth while others faced a decline. This mixed performance offers valuable insights into the evolving market trends and consumer preferences. Let's delve into the detailed performance of the top car manufacturers in India for July 2024.

Maruti Suzuki

Maruti Suzuki India reported a total of 1,37,463 units sold in the domestic passenger vehicle segment in July 2024. Despite this impressive figure, it represents a 9.64 per cent decline compared to the 1,52,126 units sold in July 2023. However, Maruti saw a surprising surge in demand for its small hatchback segment, including the Alto and S-Presso.

Hyundai

Hyundai Motor India maintained its position as the second-largest car manufacturer in terms of sales. The company sold 49,013 units in July 2024, marking a slight decrease of 3 per cent from the 50,701 units sold in July 2023. Despite the dip, Hyundai continues to be a strong player in the market.

Tata Motors

Tata Motors experienced a notable decline in sales, with a decrease of 11 per cent. The company sold 70,161 units in July 2024, compared to 78,844 units in the same month of the previous year. This dip highlights the challenges faced by Tata Motors in maintaining its sales momentum.

Mahindra & Mahindra

In contrast to the declining trend seen in some brands, Mahindra & Mahindra achieved an impressive 15 per cent rise in domestic passenger vehicle sales. The company sold 41,623 units in July 2024, up from 36,205 units in July 2023. This growth underscores Mahindra's strong market presence and consumer appeal.

Kia

Kia India saw a modest increase in sales, with a 2.5 per cent rise. The company sold 20,507 units in July 2024, compared to 20,002 units in the same month last year. This slight growth reflects Kia's steady performance in the Indian market.

Toyota

Toyota Kirloskar Motor enjoyed a stellar performance, with a 44 per cent year-on-year growth in total wholesales. The company sold 31,656 units in July 2024, achieving its best monthly sales in India ever. This is a significant increase from the 21,911 units sold in July 2023, highlighting Toyota's strong brand appeal and market strategy.

Honda

Honda Cars India faced a challenging month, with a 5 per cent decline in sales. The company sold 4,624 units in July 2024, down from the previous year's figures. This dip indicates the competitive pressures Honda is facing in the market.

MG Motors

MG Motors experienced a remarkable 38 per cent growth in sales. The company sold 4,572 units in July 2024, a significant increase from the previous year. This growth reflects MG's rising popularity and successful market penetration.

T

Stay tuned to our blog for more updates and insights into the automotive industry.

---