Top-Selling Brands In India - February 2024 Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

Brand-Wise February 2024 Car Sales - YoY Change

• Top Gainers:
  • Toyota showed the highest percentage increase in sales with a 52.62% growth, selling 8,033 more units in February 2024 compared to February 2023.
  • Maruti Nexa and Mahindra both exhibited strong growth of over 40%, with Maruti Nexa selling 14,269 more units and Mahindra selling 12,180 more units YoY.
  • Tata also had a significant increase of 19.61%, adding 8,405 units over the previous year.
• Top Losers:
  • Jeep faced the steepest decline in sales with a -53.96% change, selling 388 fewer units compared to the same month last year.
  • Renault saw a substantial decrease of -38.33%, with sales dropping by 2,536 units YoY.
  • Skoda experienced a -34.06% decline, translating to 1,164 fewer cars sold.
• Stable Performers:
  • Maruti Suzuki, despite being the top seller in volume, saw a slight decrease of -1.31% in sales.
  • Hyundai and Honda showed moderate growth of 6.88% and 17.35% respectively.

These insights indicate a dynamic shift in consumer preferences, with some brands significantly improving their market share while others face challenges. The data suggests a competitive market where brands like Toyota and Maruti Nexa are capitalizing on opportunities to expand their customer base.

Brand-Wise February 2024 Car Sales - MoM Change

• Top Gainers:
  • MG exhibited the highest growth with an 18.48% increase, selling 707 more units compared to January 2024.
  • Renault also saw a positive change, with a 6.64% increase and 254 more units sold.
• Top Losers:
  • Honda faced the most significant drop with a -17.73% decrease, translating to 1,539 fewer units sold than the previous month.
  • Kia also experienced a notable decline of -15.02%, selling 3,569 fewer units.
• Stable Performers:
  • Toyota showed a slight improvement with a 0.44% increase, selling 103 more units MoM.
  • Mahindra remained relatively stable with a minor decrease of -1.55%.

These observations indicate a dynamic market with varying performance among brands. MG and Renault managed to increase their sales, while Honda and Kia saw a downturn in their MoM sales figures. Toyota and Mahindra maintained a steady market presence. The data reflects the fluctuating consumer demand and the competitive nature of the car industry.

Car Brands — 6-Month Brand Sales Trend (Sep 2023 - Feb 2024)

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