Car Brand Sales in April 2024 | Decline in MoM sales in Indian Market

Key Highlights:

• Maruti Suzuki maintains lead with marginal 0.5% YoY growth, but faces significant 9.7% MoM decline.
• Mahindra emerges as a star performer, boasting impressive 18.2% YoY growth and 1.7% increase in market share.
• Kia struggles with substantial 14.0% YoY decline, contributing to 1.1% drop in market share.
• Toyota shows strong 32.0% YoY growth, offset by notable 25.6% MoM decline.

In April 2024, approximately 337,000 passenger cars were sold in India, marking a nearly stagnant performance compared to April of the previous year. This figure reflects an 8.7% decline from the preceding month of March 2024.

April typically sees subdued car sales, primarily because most Original Equipment Manufacturers (OEMs) implement price increases during this period, and there are no major festivals to drive sales. Additionally, following a robust March, automakers tend to ease off deliveries in April. The decrease in dispatches can be attributed to various factors such as the high sales base from the previous year, elevated dealer inventories, dwindling demand for compact cars, and the onset of general elections.

The impact of the ongoing elections, coupled with the enforcement of the model code of conduct, is expected to further dampen passenger vehicle sales in May 2024. This is anticipated to slow down cash transactions, consequently affecting overall sales. It's worth noting that the surge in bookings has significantly declined due to increased supply levels and improvements in semiconductor availability.

Cars Brand Sales in India - April 2024

Record Growth for Mahindra, Decline in Market Leader Maruti Suzuki's Dominance

In April 2024, the Indian automotive market witnessed notable shifts in sales figures, indicating both triumphs and challenges for various Original Equipment Manufacturers (OEMs). Here's a comprehensive breakdown of the month's sales performance

1. Maruti Suzuki

Despite retaining its top position in the market, Maruti Suzuki faced a marginal Year-on-Year (YoY) growth of 0.5%, with sales reaching 1,37,952 units. However, the Month-on-Month (MoM) analysis revealed a concerning 9.7% decline compared to March 2024, attributing to 40.9% market share, down by 0.5% from the same period last year.

2. Hyundai

Hyundai maintained its second position, reporting a YoY growth of 1.0% with 50,201 units sold. However, the MoM analysis demonstrated a 5.3% decrease in sales, resulting in a slight market share decline of 0.1%.

3. Tata

Tata Motors showcased a promising performance with a 1.9% YoY growth, selling 47,885 units. Similar to Hyundai, Tata also witnessed a MoM decrease of 4.4%, maintaining a stable market share from the previous year.

4. Mahindra

The standout performer of the month was Mahindra, experiencing a remarkable 18.2% YoY growth, reaching 41,008 units sold. This growth translated to a 1.7% increase in market share, showcasing the brand's strengthening position in the Indian automotive landscape.

5. Kia

Kia faced a challenging month, witnessing a significant 14.0% YoY decline in sales, amounting to 19,968 units. The MoM analysis also indicated a 6.7% decrease, resulting in a 1.1% drop in market share compared to the previous year.

6. Toyota

Toyota demonstrated substantial YoY growth of 32.0%, selling 18,700 units. However, a staggering MoM decline of 25.6% impacted the brand's market share, although it still managed to increase by 1.3% from the previous year.

7. MG, Honda, Renault, VW, Skoda, Nissan, Citroen, Jeep

These OEMs experienced varied performance during April 2024, with fluctuations in both YoY and MoM sales figures. Honda notably faced a significant 18.1% YoY decline, while Skoda witnessed a notable 35.7% decrease. Citroen and Jeep also struggled, each with a substantial YoY decline of nearly 60% and 32.4%, respectively.

April 2024 Market Share

Also Read: Bajaj Auto Sales in March 2024, Gained 25% increase in YoY Sales Performance

Carbike360 Says

Despite individual fluctuations, the total automotive market in India recorded a modest 1.7% YoY growth, totaling 3,37,070 units sold. However, compared to March 2024, the market saw an 8.7% decline, reflecting the ongoing challenges and fluctuations within the industry.

While some OEMs celebrated growth and market share increases, others faced significant challenges, highlighting the dynamic and competitive nature of the Indian automotive market in April 2024.

This week in the auto world, several significant events have made headlines, from major vehicle launches to upcoming incentive schemes and technological advancements. Let's dive into the latest updates that have captured the attention of automotive enthusiasts and industry insiders alike.

Mahindra Delivers 2,500+ XUV 3XOs in First Three Days

Mahindra has successfully delivered over 2,500 units of its new XUV 3XO SUVs across India within the first three days of its launch on May 26. The XUV 3XO, which replaces the XUV300 in the sub-compact segment, aims to take on rivals like the Tata Nexon and Maruti Suzuki Brezza. Despite the high demand, Mahindra has announced that deliveries for the entry-level and top-end variants will commence in June, showcasing the vehicle's strong market reception.

Hero MotoCorp Introduces New-Generation Splendor+ XTEC 2.0

Celebrating the 30th anniversary of the world's highest-selling motorcycle, Hero MotoCorp has launched the new-generation Splendor+ XTEC 2.0, priced at ₹82,911 (ex-showroom, Delhi). The updated model retains the classic Splendor silhouette but introduces several premium upgrades. These include a new LED headlamp with a high-intensity position lamp (HI PL) and an H-shaped signature taillight, enhancing both aesthetics and functionality.

Upcoming FAME 3 Scheme to Offer INR 10,000 Crore for Hybrid Vehicles

The Indian government is set to roll out the third edition of its flagship electric vehicle incentive scheme, FAME (Faster Adoption and Manufacturing of Electric Vehicles). With an allocation of INR 10,000 crore, FAME 3 will focus on promoting electric two-wheelers, three-wheelers, and government buses. While the inclusion of electric cars for institutional buyers such as taxi aggregators is still under consideration, the scheme aims to significantly boost electric vehicle adoption across the country.

Tata Altroz Racer Teaser Unveils New Features

Tata Motors has released an exciting teaser video for the upcoming Altroz Racer, revealing features such as the exhaust note, sunroof, bonnet and roof stripes, racer badging, and shark fin antenna. Expected to launch in mid-June, the Altroz Racer will come equipped with a 1.2-liter turbo petrol engine from the Nexon, a 6-speed manual gearbox, and potentially a 6-speed DCA automatic transmission. Additional features likely to be offered include a 10.25-inch touchscreen, Heads-Up Display (HUD), 360-degree camera with rear blind view monitor, and wireless Android Auto/Apple CarPlay.

New 2024 Nissan Qashqai: The Best Crossover SUV Rolls Out of the Best Manufacturing Plant

Nearly 18 years after the first Nissan Qashqai created the crossover segment, the 2024 model has been unveiled with significant updates. Manufactured in Sunderland, UK, the new Qashqai features a bold design and cutting-edge technology enhancements aimed at elevating the customer experience. With more than four million customers in over 100 countries, the Qashqai continues to be a major player in the crossover SUV market.

Carbike360 Says

This week's developments highlight the dynamic nature of the automotive industry, with significant new launches, innovative upgrades, and supportive government policies driving the market forward. As we look ahead, these advancements promise to shape the future of mobility, offering consumers more options, better technology, and a greener footprint. Stay tuned for more updates as the industry continues to evolve.

The latest generation of the Hero Splendor commemorates the 30th anniversary of the world's highest-selling motorcycle, featuring several premium and segment-first upgrades. This new model retains the classic Splendor silhouette while introducing contemporary enhancements such as a new LED headlamp with a high-intensity position lamp (HI PL) and an H-shaped signature taillight for a distinctive look.

Hero Splendor+ XTEC 2.0 New Features

The Hero Splendor+ XTEC 2.0 comes equipped with:

• Digital Speedometer: Includes an eco-indicator for better fuel efficiency tracking.
• Instrument Console: Features a Real-Time Mileage Indicator (RTMI) and Bluetooth connectivity for calls, SMS, and battery alerts.
• Safety Upgrades: Incorporates hazard lights for increased safety.
• Convenience Enhancements: Offers USB charging, a longer seat for improved comfort, and a larger glovebox with a hinge-type design.
• Aesthetic Updates: Available in a new dual-tone paint scheme.

Official Statement

Ranjivjit Singh, Chief Business Officer - India BU, Hero MotoCorp, remarked on the launch:

"Splendor is an iconic brand with an unmatched leadership spanning 30 years. The motorcycle has won millions of hearts and continues to encourage India's growth by empowering people through accessible mobility.

Splendor's enduring success is a testament to Hero MotoCorp's continuous innovation, brand trust, and product reliability. A perfect blend of iconic design, latest technology, and practicality, the Splendor is an emotion, a symbol of progress, and the unwavering aspirations of 40 million happy customers."

Hero Splendor+ XTEC 2.0 Engine Specifications

The new-generation Splendor+ XTEC is powered by the well-known 100 cc engine, producing 7.9 bhp at 8,000 rpm and 8.05 Nm of peak torque at 6,000 rpm. It features the Idle Stop Start System (i3S) for improved fuel economy, with a claimed efficiency of 73 kmpl.

Additionally, the service interval has been extended to 6,000 km, significantly reducing the running cost. Hero MotoCorp offers a warranty of 5 years or 70,000 km. The Splendor+ XTEC 2.0 is available in three dual-tone colors: Matte Grey, Gloss Black, and Gloss Red.

MG Gloster has been in the Indian market since 2020 and it has been rivaling the SUVs like Toyota Fortuner, Skoda Kodiaq, Hyundai Tucson, etc. However, it was due for a mid life facelift for a long time. Finally, MG is all set to give its flagship SUV a comprehensive makeover in the coming few months in the form of 2024 MG Gloster facelift.

Based on the Maxus D90, from the house of SAIC Motors, the Gloster 2024 will come with a completely new front and rear end. On the design front, it will get vertically placed LED headlamps, horizontal placed slim LED DRLs, a massive hexagonal grille and rugged cladding all around the SUV.

Moreover, the front facing radar integrated into the grille along with the front windshield mounted camera confirms the presence of level 2 ADAS with camera + radar configuration.

Although not confirmed, we also expect self/auto parking feature in the 2024 MG Gloster facelift because of the front ultrasonic parking sensors.

Additionally, the facelifted MG Gloster is expected to continue with the same engine and transmission with no mechanical changes.

Also Read: 2024 MG Gloster Facelift Spied: A Sneak Peek into MG's Flagship SUV

Key Highlights:

• VinFast VF 3: Electric subcompact SUV with 42 bhp powertrain.
• 27,649 reservations in 66 hours for VF 3.
• 210 km per charge, DC charger charges in 36 minutes.
• Two-door, four-seat layout, 191 mm ground clearance.
• VND 322 million, rivals MG Comet, Tata Punch.

VinFast VF 3: VinFast has recently revealed the detailed specs of the upcoming hatchback VF 3. The VinFast VF 3 is an electric sub-compact SUV that is set to rival cars like the MG Comet EV and Tata Punch EV in India. VinFast has two electric vehicles in its lineup to launch in India. The brand has already patented the VF 3’s design in India. According to the VinFast, they received around 27.649 bookings for the vehicle when they opened the pre-booking windows previously and these numbers were received in just 66 hours.

VinFast VF 3 Powertrain

The VinFast VF 3 comes equipped with an electric motor which is positioned on the rear axle. This powertrain generates a maximum power of 42 bhp and 110 Nm of torque. Talking about the acceleration, the VinFast VF 3 can sprint from 0 to 50 in just 5.3 seconds. The electric SUV is said to provide a range of 210 km on a solitary charge. For charging the E-SUV, a DC charger is expected to be on offer that will take around 36 minutes to charge the E-SUV.

VinFast VF3 Design

The electric SUV has a two-door configuration and a four-seat layout. Being a compact SUV, the VinFast VF 3 will come with an impressive ground clearance of 191 mm and a wheelbase of 2075 mm.

VinFast VF3 Price and Rivals

The VinFast VF3 comes with a price tag of VND 322 million (nearly Rs. 10.54 lakh). There is also a variant without a battery pack which is priced at VND 240 million (nearly Rs. 7.86 lakh). Additionally, there is a battery subscription on offer which is a more affordable option for the customers. Once launched in India, the VinFast VF 3 will rival the likes of MG Comet and Tata Punch. 
 

Read More:: Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

BMW Motorrad is gearing up to launch its flagship adventure tourer, the R 1300 GS, in the Indian market. The motorcycle is now listed on BMW's India website and will be offered in three variants: Trophy, Triple Black, and Option 719 Tramuntana.

Variants and Features

GS Trophy and Triple Black

Also Read: 2024 BMW S 1000 XR Launched in India at ₹ 22.50 Lakh | Check Specifications and Features

Wheels: Both variants come with alloy wheels.

Tyres:

• Front: 120/70-R19
• Rear: 170/60-R17

The GS Trophy is equipped with dual-purpose tyres, while the Triple Black features road-biased tyres.

Option 719 Tramuntana

Wheels: Equipped with tubeless spoked rims.

Special Features

• Gold-anodised aluminium handlebars
• Gold-anodised rims
• Aurelius Green metallic paint scheme
• Exclusive Option 719 Shadow milled parts package

Engine and Performance

All three variants are powered by the same 1,300 cc boxer-twin cylinder engine, delivering:

• Power: 143 bhp at 7,750 rpm
• Torque: 149 Nm at 6,500 rpm

This engine is the most powerful boxer engine BMW Motorrad has ever used.

Chassis and Suspension

The R 1300 GS features an all-new chassis and suspension setup. Compared to its predecessor, the new design has resulted in a weight reduction of 12 kg. 

Riding Modes

The motorcycle comes standard with four riding modes:

• Rain: For wet conditions
• Road: For general riding
• Eco: Maximises fuel efficiency
• Enduro: Specifically for off-road riding

Additionally, riders can opt for 'Pro' modes for enhanced performance.

Standard Equipment

BMW Motorrad has equipped the R 1300 GS with a range of advanced features as standard, including:

• Full Integral ABS Pro
• Engine drag torque control
• Dynamic brake assist
• Ride-off assistant
• Dynamic Traction Control
• Dynamic Cruise Control
• USB socket
• Additional 12 V socket

Carbike360 Says

The BMW R 1300 GS, with its advanced features and powerful engine, is set to be a significant addition to the adventure tourer segment in India. The three variants offer distinct features catering to different riding preferences and styles.

Read More:: Wait For Tata Altroz Racer or Buy Hyundai i20 N Line? Here’s What You Should Know

Tata Altroz Racer: Tata Motors has been teasing the upcoming Atroz Racer for some time now. In a recent development, the brand released a new teaser featuring the sportier version of the hatchback. The Altroz Racer will hit the ground in the mid-June. Looking at the newly released teaser, we can get a clear idea of the features and design language of the upcoming hatchback. If you are curious to know more about the sporty hot hatch, get more details below.

Tata Altroz Racer New Teaser: Everything it Shows

The new teaser showcases some major design elements of the upcoming sports hatchback. Some noticeable things include a vibrant orange paint option with a blacked-out roof which looks similar to the one that was showcased at Auto Expo 2023. Additionally, there are black accents which can be seen on the bonnet, shoulder line, rear door handles and pillars which enhances the visual appeal of the hatchback.

Other noticeable design elements include a new dual white stripes that runs along the roof and bonnet. Also, there’s a Racer badging and shark fin antenna which looks simply great and makes it look like a real sports car in all terms.

Tata Altroz Racer: Features

The Atroz hatchback gets most of the modern features which include a 10.25-inch infotainment touchscreen display supporting Apple CarPlay and Android Auto, a 360-degree camera, a digital instrumental console, HuD, voice-controlled sunroof, connected car technology, a rear parking sensor and cruise control.

Tata Altroz Racer: Engine

the Atroz Racer will be powered by a 1.2 litre, 3-cylinder turbo petrol engine which makes 120 bhp of power and 170 Nm of torque. The 1.2-litre turbo petrol unit will be mated with a 6-speed manual and Dual Clutch Automatic gearbox (DCA) gearbox. Despite generating similar power figures, both the Hyundai i20 N Line and Altroz Racer will differ in performance, depending on the tuning.

Tata Altroz Safety Features

As far as safety is concerned, the Altroz Racer follows Tata’s standards with features such as 6 airbags, electronic stability control (ESC), TPMS, ISOFIX mounts, and 3-point seatbelts with reminders for all. Being an improved version of the standard Altroz, which scored 5 stars on Global NCAP crash tests, the Altroz Racer will definitely be safer in all terms.