Maruti continued to dominate car sales with 40% market share in June 2024 – Hyundai and Tata Motors followed for Top 3
In June 2024, the Indian car market witnessed a modest overall growth of 3.63% compared to the same month last year. Total sales rose to 3,39,415 units from 3,27,539 units in June 2023. Here’s a detailed look at how each brand fared.
Car Sales June 2024 – YoY Comparison
Maruti continues to dominate the market with a robust performance, selling 1,37,160 units in June 2024, a 3.11% increase from last year’s 1,33,027 units. This solidified their market share at 40.41%. Hyundai secured the second position with sales of 50,103 units, marking a slight growth of 0.20% from 50,001 units in June 2023. The brand’s market share now stands at 14.76%. Tata experienced a decline in sales, with 43,524 units sold, down 7.86% from last year’s 47,235 units. This drop reduced their market share to 12.82%.
Mahindra showcased significant growth, selling 40,022 units, a 22.82% increase from 32,585 units in June 2023. This impressive performance boosted their market share to 11.79%. Toyota achieved the highest growth rate among the major players, with sales surging by 41.21% to 25,752 units from 18,237 units last year. Their market share now stands at 7.59%. Kia also saw positive growth, selling 21,300 units, up 9.84% from 19,391 units in June 2023. This brought their market share to 6.28%. Honda experienced a downturn, with sales dropping 5.43% to 4,804 units from 5,080 units last year, resulting in a market share of 1.42%.
MG (Retail) saw a decline of 9.39%, with sales falling to 4,644 units from 5,125 units in June 2023. Their market share now stands at 1.37%. Renault faced a significant drop of 34.81%, selling 3,553 units compared to 5,450 units last year. This decreased their market share to 1.05%. Volkswagen (VW) recorded a slight decline in sales, with 3,260 units sold, down 3.95% from 3,394 units in June 2023, and a market share of 0.96%. Skoda saw a substantial drop of 35.30%, with sales falling to 2,566 units from 3,966 units last year, bringing their market share to 0.76%.
Nissan experienced a decline of 17.44%, selling 2,107 units compared to 2,552 units in June 2023, resulting in a market share of 0.62%. Citroen witnessed a significant decrease in sales, with 339 units sold, down 66.20% from 1,003 units last year, and a market share of 0.10%. Jeep also faced a notable decline of 43.00%, selling 281 units compared to 493 units in June 2023, which reduced their market share to 0.08%.
Car Sales June 2024 – MoM Comparison
Month on Month, car sales have declined – dropping by 2.76% compared to May 2024. Maruti retained its top position despite a 4.75% decline in sales, dropping from 1,44,002 units in May 2024 to 1,37,160 units in June 2024. Maruti’s market share decreased slightly to 40.41%. Hyundai saw a positive growth of 1.94%, with sales increasing from 49,151 units in May to 50,103 units in June. This boosted Hyundai’s market share to 14.76%. Tata experienced a 6.79% decline, with sales dropping from 46,697 units in May to 43,524 units in June. Tata’s market share stood at 12.82%.
Mahindra saw a significant drop of 7.40%, with sales falling from 43,218 units in May to 40,022 units in June. The market share for Mahindra was 11.79%. Toyota exhibited strong growth, with sales increasing by 7.48%, from 23,959 units in May to 25,752 units in June. This improved Toyota’s market share to 7.59%. Kia also showed impressive growth, with sales rising by 9.23%, from 19,500 units in May to 21,300 units in June. Kia’s market share increased to 6.28%.
Honda experienced a slight decline of 0.37%, with sales dropping from 4,822 units in May to 4,804 units in June. Honda’s market share remained at 1.42%. MG (Retail) saw a decrease of 2.62%, with sales falling from 4,769 units in May to 4,644 units in June. This resulted in a market share of 1.37%. Renault recorded a decline of 4.21%, with sales dropping from 3,709 units in May to 3,553 units in June. Renault’s market share stood at 1.05%.
Volkswagen (VW) had a minor decline of 0.40%, with sales decreasing from 3,273 units in May to 3,260 units in June, maintaining a market share of 0.96%. Skoda experienced a significant decline of 11.03%, with sales dropping from 2,884 units in May to 2,566 units in June. Skoda’s market share was 0.76%. Nissan saw a decrease of 4.70%, with sales falling from 2,211 units in May to 2,107 units in June. Nissan’s market share stood at 0.62%. Citroen faced a major decline of 34.17%, with sales dropping from 515 units in May to 339 units in June. Citroen’s market share was 0.10%. Jeep also experienced a significant decline of 18.31%, with sales falling from 344 units in May to 281 units in June. Jeep’s market share stood at 0.08%.
| No | Car Sales | Jun-24 | Jun-23 | Diff | Growth % YoY | % Share Jun 24 |
|---|---|---|---|---|---|---|
| 1 | Maruti | 1,37,160 | 1,33,027 | 4,133 | 3.11 | 40.41 |
| 2 | Hyundai | 50,103 | 50,001 | 102 | 0.20 | 14.76 |
| 3 | Tata | 43,524 | 47,235 | -3,711 | -7.86 | 12.82 |
| 4 | Mahindra | 40,022 | 32,585 | 7,437 | 22.82 | 11.79 |
| 5 | Toyota | 25,752 | 18,237 | 7,515 | 41.21 | 7.59 |
| 6 | Come on | 21,300 | 19,391 | 1,909 | 9.84 | 6.28 |
| 7 | Honda | 4,804 | 5,080 | -276 | -5.43 | 1.42 |
| 8 | MG (Retail) | 4,644 | 5,125 | -481 | -9.39 | 1.37 |
| 9 | Renault | 3,553 | 5,450 | -1,897 | -34.81 | 1.05 |
| 10 | VW | 3,260 | 3,394 | -134 | -3.95 | 0.96 |
| 11 | Skoda | 2,566 | 3,966 | -1,400 | -35.30 | 0.76 |
| 12 | Nissan | 2,107 | 2,552 | -445 | -17.44 | 0.62 |
| 13 | Citroen | 339 | 1,003 | -664 | -66.20 | 0.10 |
| 14 | Jeep | 281 | 493 | -212 | -43.00 | 0.08 |
| – | Total | 3,39,415 | 3,27,539 | 11,876 | 3.63 | 100.00 |
