Car Sales Jan 2024 – Maruti, Hyundai, Tata, Mahindra, Kia, Toyota, Honda

Top 6 car brands accounted for over 90% of the cars sold in Jan 2024 – Top 6 are Maruti, Hyundai, Tata, Mahindra, Kia and Toyota

The Indian automotive sector witnessed robust growth in car sales for the month of January 2024, with the top car companies displaying remarkable performances.

The latest data reveals that the total car sales for January 2024 reached 3,93,471 units, marking a significant YoY growth of 13.78%.

Car Sales Jan 2024 – Maruti Leads the Pack with Stellar Performance

Maruti Suzuki dominated the market by securing the top position in terms of car sales. With an impressive 1,66,802 units sold in January 2024, Maruti Suzuki experienced a 13.20% YoY growth, showcasing its strong presence in the Indian automotive landscape. The company’s market share for the month stood at a commendable 42.39%.

Hyundai Motor India and Tata Motors secured the second and third positions, respectively, in the top car companies’ ranking for January 2024.

Hyundai reported sales of 57,115 units, reflecting a 13.99% YoY growth, while Tata Motors recorded 53,635 units sold, representing an 11.76% YoY growth. Both companies continue to strengthen their positions in the Indian market.

Mahindra exhibited stellar performance, securing the fourth position with 43,068 units sold and an impressive 30.35% YoY growth. On the other hand, Kia Motors faced a decline with 23,769 units sold, experiencing a -16.99% YoY growth. Despite this setback, Kia maintained a 6.04% market share.

Toyota Kirloskar Motor witnessed a remarkable surge in sales, with 23,197 units sold and a remarkable 82.25% YoY growth. The company’s strong performance propelled it to the sixth position, capturing a 5.90% market share for January 2024.