Top 5 Best-Selling Car Brands in August 2024: Maruti Suzuki, Hyundai, Tata Motors, and More
Image Source: Business Standard
In August 2024, (Top 5 Best-Selling Car ) India’s automotive market witnessed several shifts, yet familiar names continued to dominate. Maruti Suzuki retained its top position as the best-selling car brand, while Hyundai, Tata Motors, and Mahindra closely followed. Despite some year-on-year (YoY) declines, these brands still performed strongly, making their presence felt in the competitive market. Let’s explore the top five car brands that achieved the highest sales in August 2024, supported by key data points.
| Manufacturer | August 2024 (No. of units sold) | August 2023 (No. of units sold) | YoY (%) | July 2024 (No. of units sold) | MoM (%) |
|---|---|---|---|---|---|
| Maruti Suzuki | 1.43 lakh | 1.56 lakh | -8.40% | 1.37 lakh | 4.10% |
| Hyundai | 49,525 | 53,830 | -8% | 49,013 | 1% |
| Tata Motors | 44,142 | 45,515 | -3% | 44,727 | -1.30% |
| Mahindra | 43,277 | 37,270 | 16.10% | 41,623 | 4% |
| Toyota | 28,589 | 20,970 | 36.30% | 29,533 | -3.20% |
1. Maruti Suzuki: The Reigning Leader
Maruti Suzuki, a household name in India, once again led the car sales charts in August 2024, despite a slight year-on-year dip in sales. The automaker sold 1.43 lakh units during the month, down from 1.56 lakh units in August 2023, reflecting an 8.4% YoY decline. However, on a month-on-month (MoM) basis, the brand saw a 4.1% rise, with sales jumping from 1.37 lakh units in July 2024.
Among its top performers, the Maruti Suzuki Brezza stood out as the best-selling car and SUV in the country, with an impressive 19,190 units sold in August. This marked a 31.69% surge compared to 14,572 units in the same month last year, showcasing Maruti’s strength in the compact SUV segment.
2. Hyundai: Holding Steady Despite Challenges
Hyundai continued to maintain its strong presence as the second-best-selling car brand in August 2024, despite facing an 8% YoY decline. The South Korean automaker sold 49,525 units during the month, slightly lower than the 53,830 units it sold in August 2023. However, Hyundai’s MoM sales showed a modest 1% increase, as 49,013 units were sold in July 2024.
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The Hyundai Creta, one of the brand’s flagship models, led the charge in the compact SUV category. It achieved a 21.18% YoY increase in sales, with 16,762 units sold in August 2024, compared to 13,832 units in the same month last year. The Creta’s consistent performance continues to drive Hyundai’s success in India’s booming SUV market.
3. Tata Motors: A Reliable Performer with the Nexon
Tata Motors secured the third spot among the best-selling car brands in August 2024, with 44,142 units sold. While the company faced a 3% YoY decline in sales, the Nexon remained a key player in Tata’s lineup. However, the automaker also saw a 1.3% drop in MoM sales, as 44,708 units were sold in July 2024.
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In terms of new launches, Tata introduced the Curvv in India, which ranked fifth among the best-selling compact SUVs in August. The internal combustion engine (ICE) version of the Curvv, priced at ₹10 lakh, is set to launch in September, while the electric vehicle (EV) variant, priced at ₹17.49 lakh, hit the market in August. These launches are expected to further bolster Tata’s position in the growing EV and compact SUV segments.
4. Mahindra: A Rising Star with the Scorpio
Mahindra, known for its rugged SUVs, recorded a strong performance in August 2024 with 43,277 units sold, marking a notable 16% YoY growth. The brand also witnessed a 4% MoM increase in sales, further cementing its position as a leading player in the SUV segment.
The Mahindra Scorpio was a key contributor to this success, with 13,787 units sold in August 2024. The SUV saw an impressive 39.29% YoY rise in sales, highlighting its popularity among Indian consumers. Mahindra’s focus on innovation and durability continues to attract buyers, especially in the SUV market.
5. Toyota: Consistent Growth with High Demand
Toyota delivered strong results in August 2024, selling 28,589 units, which represented a remarkable 36.3% YoY growth. However, the brand’s MoM sales dropped by 3.2%, as 29,533 units were sold in July 2024. Despite this slight decline, Toyota’s performance remained solid, driven by its diverse range of offerings, including sedans and SUVs.
Toyota’s ability to deliver reliable, fuel-efficient cars continues to resonate with Indian consumers, contributing to its steady sales growth. The brand’s long-term focus on quality and customer satisfaction has helped it maintain its position among the top car manufacturers in the country.
Conclusion: Key Takeaways from August 2024 Car Sales
In August 2024, Maruti Suzuki, Hyundai, Tata Motors, Mahindra, and Toyota emerged as the top-selling car brands in India, showcasing their resilience and adaptability in a competitive market. While some brands faced YoY declines, they managed to hold their positions through strong MoM growth and strategic launches. The continued dominance of SUVs, led by models like the Maruti Suzuki Brezza, Hyundai Creta, and Mahindra Scorpio, highlights the shifting preferences of Indian consumers toward versatile and rugged vehicles.
As the automotive industry continues to evolve, these brands will need to innovate and adapt to emerging trends, including electric vehicles and advanced technology features, to stay ahead in the race for market share.
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