May 2024 Car Sales in India: A Market in Motion Despite Seasonal Lulls

If we gives a look towards the May 2024 car sales figure.In May 2024, the car market of India showed a growth of 4.4% compared to last year in May 2023. This rise happened even when usually, sales are lesser due to school holidays and absence of large festivals this month. The total number for sold units was 349,057 which shows ongoing strength after the positive month in April 2024.Today, we will be giving you a close look towards the Brand-wise sales figure of Cars sold in May 2024.

A Look at the Numbers: May 2024 Car Sales Leaders

In the list of May 2024 Car sales  list, Maruti Suzuki stayed as the leading player in Indian car market, selling strong 144,002 units during month of May in year 2024. This growth is a marginal increase of 0.2% Year on Year (YoY), confirming their leadership position for market share. Hyundai came next with sales of 49,151 units displaying a modest rise at rate of 1.1% YoY (Counterpoint Research). Tata Motors came in third with 46,700 units, demonstrating a similar 1.8% YoY increase.

Make May’24 Sales
Maruti Suzuki 144,002
Hyundai 49,151
Tata Motors 46,700
Mahindra 43,218
Toyota 23,959
Kia Auto 19,500
Honda 4,822
MG 4,769
Renault 3,709
VW 3,273
Skoda 2,884
Nissan 2,211
Citroen 515
Jeep 344

 

Apart from the best three, certain manufacturers saw substantial jumps. Mahindra experienced a impressive 31.4% Year-on-Year rise, selling 43,218 units which could probably be connected to the highly awaited introduction of facelifted Mahindra XUV 300 that sparked fresh fascination in their brand. Toyota, too, showed very good progress as its May 2024 car sales rose to 23,959 units showing a yearly growth rate of 23.6%. The beginning of dispatches for the Toyota Taisor might have contributed to this favorable trend.

Beyond the Top Sellers: A Diverse Market

Listed above, the top brands are not the only ones in a strong position; there is also a large variety of other manufacturers in the Indian car market. Kia Auto successfully found its place in the list of Car sales May 2024 by selling 19,500 units while Honda sold 4,822 units. MG Motor and Renault sold 4,769 and 3,709 units respectively to create their own space too. Brands from Europe such as Volkswagen (3,273 units), Skoda (2,884 units) and Nissan (2,211 units) held their positions. Citroen, a more recent player in this market had 515 units sold while Jeep keeps its special attraction with 344 units.

May 2024 Car sales

Brand-Specific Insights: A Mixed Bag

In the market as a whole, while there was growth, different brands had different outcomes. Maruti Suzuki who is at the top kept their place but with almost no change in sales compared to last year (YoY). Hyundai showed small increase from same time last year but experienced slight reduction in sales when compared to April 2024. Tata Motors also showed a similar pattern, with a small increase on yearly basis but less car sales in may 2024 compared to april 2024.

Also Read : Mercedes-Benz EQA Launch Date: Price, Range and Features

Car sales May 2024 Standout Performers: Mahindra and Toyota Take the Lead

The real winners of May 2024 Car sales were Mahindra and Toyota. Mahindra’s big growth compared to the same time last year and its increase from April are probably because they strategically launched XUV 300 facelift. Toyota also showed strong growth compared to last year, which might be due to the new Taisor that they introduced into market; this helped them expand their range of products and draw in fresh clients.

Also Read : Top 5 Places to Sell Car Online in India

To sum up, car sales in India during May 2024 showed a market that is strong and can endure difficulties related to seasons. Big names like Maruti Suzuki still held their power, but the increase of Mahindra and Toyota highlighted how lively the Indian automotive scene is. As we keep going on in 2024, the Indian car market looks ready for more growth because people have more money to spend, what customers want is changing and there are government plans pushing electric cars.”

1 thought on “May 2024 Car Sales in India: A Market in Motion Despite Seasonal Lulls”

  1. There are multiple types of brands in India. Indian car market is a very mature market. Now you can see people are using a very basic car to exotic car everywhere in top cities. THanks for the valuable information.

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