Top 10 Cars in India for June 2024: A Mixed Bag of Growth and Decline

India’s automotive market has witnessed a remarkable 18.39% year-on-year (YoY) growth in June 2024, with a total of 1,46,506 units sold. This surge in sales is a testament to the country’s dynamic and expanding automotive industry. The top 10 best-selling cars in India for June 2024 showcase a diverse market with significant consumer interest in both traditional and electric vehicles.

Tata Punch / EV Takes the Top Spot

The Tata Punch / EV has reclaimed its position as the top-selling car in India, with an impressive 18,238 units sold. This marks a remarkable 65.95% YoY growth and a market share of 12.45%. The Maruti Swift maintained its strong position, selling 16,422 units, a slight 2.93% increase from the previous year, and holding an 11.21% market share.

Hyundai Creta and Maruti Ertiga Perform Well

The Hyundai Creta also performed well, with 16,293 units sold, achieving a 12.78% YoY growth and an 11.12% market share. The Maruti Ertiga saw the highest YoY growth among the top ten, with an 88.82% increase, selling 15,902 units and capturing 10.85% of the market. The Maruti Baleno sold 14,895 units, reflecting a modest 5.81% growth and a 10.17% market share.

Mixed Bag of Growth and Decline

However, not all models saw positive growth. The Maruti WagonR experienced a significant decline, with sales dropping by 21.11% to 13,790 units, accounting for 9.41% of the market share. The Maruti Dzire showed a robust 43.97% growth, selling 13,421 units and securing 9.16% of the market. The Maruti Brezza also performed well, with 13,172 units sold, reflecting a 24.52% increase and an 8.99% market share. The Mahindra Scorpio / N showcased significant growth, with sales increasing by 42.31% to 12,307 units, capturing 8.40% of the market. The Tata Nexon / EV faced a decline of 12.74%, with 12,066 units sold, but still managed to secure an 8.24% market share.

Month-on-Month Comparison

Taking a look at the performance of top 10 cars month on month, the overall sales have declined by 2%. Despite this overall decline, several models still showed notable performance. The Tata Punch / EV remained the top-selling car in June 2024, with 18,238 units sold, although this marked a 3.75% decline from May’s 18,949 units. The Maruti Swift saw a more significant drop of 15.32%, with sales falling from 19,393 units in May to 16,422 units in June.

The Hyundai Creta bucked the trend, achieving an 11.12% month-on-month (MoM) growth, with sales rising from 14,662 units in May to 16,293 units in June. The Maruti Ertiga showed strong MoM growth, increasing sales by 14.46% from 13,893 units in May to 15,902 units in June. The Maruti Baleno also performed well, with a 15.99% increase in sales, rising from 12,842 units in May to 14,895 units in June.

Not all models fared as well, however. The Maruti WagonR experienced a 4.84% decline, with sales dropping from 14,492 units in May to 13,790 units in June. The Maruti Dzire saw a significant 16.44% decrease in sales, falling from 16,061 units in May to 13,421 units in June. The Maruti Brezza also experienced a decline, with sales down 7.15% from 14,186 units in May to 13,172 units in June. The Mahindra Scorpio / N saw a 10.28% drop in sales, from 13,717 units in May to 12,307 units in June. In contrast, the Tata Nexon / EV registered positive MoM growth, with a 5.32% increase in sales, rising from 11,457 units in May to 12,066 units in June.

Historical Context:

The Indian automotive market has been experiencing a rollercoaster ride in recent years, with fluctuations in sales due to various factors such as economic conditions, government policies, and consumer preferences. In 2020, the COVID-19 pandemic led to a significant decline in sales, with the industry witnessing a 18.8% decline in sales compared to the previous year. However, the market has been recovering since then, with a growth of 10.2% in 2021 and 12.3% in 2022. In 2023, the industry saw a slight decline of 2.5%, but it has bounced back in 2024 with a growth of 18.39% in June.

Summary in Bullet Points:

• The Tata Punch / EV has reclaimed its position as the top-selling car in India, with 18,238 units sold, a 65.95% year-on-year growth, and a market share of 12.45%.
• The Maruti Swift maintained its strong position, selling 16,422 units, a 2.93% increase from the previous year, and holding an 11.21% market share.
• The Hyundai Creta performed well, with 16,293 units sold, a 12.78% year-on-year growth, and an 11.12% market share.
• The Maruti Ertiga saw the highest year-on-year growth among the top ten, with an 88.82% increase, selling 15,902 units, and capturing 10.85% of the market.
• The Maruti Baleno sold 14,895 units, reflecting a modest 5.81% growth, and a 10.17% market share.
• The Maruti WagonR experienced a significant decline, with sales dropping by 21.11% to 13,790 units, accounting for 9.41% of the market share.
• The Maruti Dzire showed a robust 43.97% growth, selling 13,421 units, and securing 9.16% of the market.
• The Maruti Brezza also performed well, with 13,172 units sold, reflecting a 24.52% increase, and an 8.99% market share.
• The Mahindra Scorpio / N showcased significant growth, with sales increasing by 42.31% to 12,307 units, capturing 8.40% of the market.
• The Tata Nexon / EV faced a decline of 12.74%, with 12,066 units sold, but still managed to secure an 8.24% market share.
• The overall sales of the top 10 cars declined by 2% month-on-month, but some models still showed notable performance, such as the Hyundai Creta, Maruti Ertiga, and Maruti Baleno.