As November 2023 unfolded, the sub-4m SUV segment, despite the festive Diwali period, faced a downturn of nearly 10 percent in sales compared to October. Nonetheless, the formidable trio of Tata Nexon, Maruti Brezza, and Hyundai Venue continued their dominance, each crossing the commendable 10,000-unit sales threshold. Let's delve into the nuanced performance of each SUV in terms of sales:
Tata Nexon
With a robust sales figure of 14,916 units in November 2023, the Tata Nexon retained its pole position. Although witnessing a month-on-month decline of over 11.50%, it maintained an impressive market share of almost 28%, showcasing consistent performance. The average sales over the last six months stood at 13,477 units highlighting its enduring appeal.
Maruti Brezza
Securing the second spot, the Maruti Brezza achieved sales of 13,393 units in November 2023. Despite a month-on-month decline of -16.55%, its market share stood at 24.99%. The noteworthy aspect was the substantial year-on-year market share growth of 4.9% emphasizing its sustained popularity. The average sales over the last six months were 14,357 units.
Hyundai Venue
Claiming the third position, the Hyundai Venue surpassed the 10,000-unit mark with sales of 11,180 units. Experiencing a moderate month-on-month decline of -3.46%, it maintained a steady market share of close to 21%. The average sales over the last six months were 11,102 units, affirming its consistent performance.
Kia Sonet
Following closely, the Kia Sonet secured sales of 6,433 units in November 2023. Despite a marginal month-on-month decline of -0.92%, it retained a robust market share of 12%. The average sales over the last six months stood at 5,969 units, reaffirming its standing in the segment.
Mahindra XUV300
The Mahindra XUV300 secured over 4,500 units in sales, with a market share of 8.72%. Despite a month-on-month decline of -3.94%, its year-on-year market share dipped by close to two percent. The average sales over the last six months were 4,928 units.
Nissan Magnite
Maintaining a market share of 4.58%, the Nissan Magnite surpassed the 1,000-unit sales mark in November 2023. Despite a month-on-month decline of -4.62%, its year-on-year market share witnessed a slight increase. The average sales over the last six months stood at 2,480 units.
Renault Kiger
Facing a challenging month, the Renault Kiger secured sales of 530 units, experiencing a significant month-on-month decline of -41.88%. Its market share remained below one percent, signaling a tougher month for the model. The average sales over the last six months were 1,237 units.
In total, the sub-4m SUV segment witnessed a 9.74% decline in sales in November 2023. Despite the dip, the collective market share of these SUVs remained substantial reflecting their enduring popularity in the Indian automotive landscape.