Car Sales Report: March proved to be another exceptional month for car manufacturers. In March 2024, 3.7 lakh passenger cars were sold in the Indian market. This indicates a 10% annual growth but a slight decrease of 0.8% monthly growth. March marked the end of the fiscal year 2023-24, with a total dispatch of 42.16 lakh units.
Here are the top 10 cars that sold the most last month:
1. Tata Punch: 17,547 units
2. Hyundai Creta: 16,458 units
3. Maruti WagonR: 16,368 units
4. Maruti Dzire: 15,894 units
5. Maruti Swift: 15,728 units
6. Maruti Baleno: 15,588 units
7. Mahindra Scorpio: 15,151 units
8. Maruti Ertiga: 14,888 units
9. Maruti Brezza: 14,164 units
10. Tata Nexon: 14,058 units
Tata Punch Leading the Way
The Tata Punch emerged as the top-selling car in March 2024, with 17,547 units sold last month, marking a 61% annual increase. Notably, these figures now include contributions from the fully electric model alongside the ICE.
Scorpio Leads Sales Surge
This year, Mahindra Scorpio claimed seventh place among the highest-selling cars in March. Last month, this mid-size SUV recorded sales of 15,151 units, compared to 8,788 units sold in the same month the previous year. This represents an impressive 72% annual increase.
In conclusion, the car sales report for March 2024 reflects a dynamic market landscape with notable performances from various car models. Despite some fluctuations in sales figures compared to the previous year, the overall industry has shown resilience and adaptability. The emergence of electric models alongside traditional ICE vehicles, as seen in the success of the Tata Punch, signals a shift towards sustainable transportation options. Additionally, the significant sales growth of the Mahindra Scorpio underscores the continued demand for mid-size SUVs in the market. Overall, while facing challenges and changes, the automotive industry remains vibrant and continues to evolve to meet the needs and preferences of consumers.
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