SUV Sales Soar Past 2 Lakh Units In August With 65 Percent Rise In Market Share

Maruti Suzuki continued to lead the SUV space with a registered volume of 62,684 units in August this year. Interestingly, Tata Motors which is the second largest SUV seller in India has not revealed its sales volume. As per the latest report by Society of Indian Automobile Manufacturers (SIAM), the Indian passenger vehicle (PV) market witnessed a total domestic wholesale of 3,08,779 units in August 2024, thus registering a marginal decline of 1.6 percent when compared to the corresponding month in the previous financial year.

Mahindra sold 43,277 units of SUVs and MPVs followed by Hyundai with a volume of 33,749 units in August 2024. Out of these, utility vehicles including SUVs, MPVs, and crossovers accounted for 2,00,596 units, resulting in a market share of 65 percent. Sedans and hatchback sales declined by 19% to 97,198 units, resulting in a market share of 31.5 percent. The rest of the volume was accumulated by vans.

Read also: BYD Is Changing The Parking Game – Here With Denza Z9 GT

 Major contributors in this category include Maruti Suzuki, Brezza, Fronx, Kia Sonet, Mahindra XUV 3XO, Thar, Bolero, and more. Out of total utility vehicles sold, the sub-4 metre space of SUVs accounted for 85,664 units in August. Maruti again took the lead with 32,169 units followed by Mahindra with 19,194 units, Hyundai with 15,717 units, and Kia with 10,073 units.

A total of 65,626 units of compact C-segment midsize SUVs were sold in August 2024 leading to a 7.7 percent growth. Major contributors in this space include Hyundai Creta (16,762 units), Kia Seltos (6,536 units), Maruti Grand Vitara, and Ertiga to name a few. Overall, Maruti as a brand is the largest contributor in this category with 27,601 units.

Read also: Yamaha R15M Carbon Fibre Launched With Is Tag Of Rs 2.08 Lakh

In the mid-large segment of SUVs, Mahindra was by-far the largest contributor with 24,083 units sold domestically in August 2024 which included models like Mahindra XUV700, Bolero Neo Plus, and XUV700. The latest addition to this list is Mahindra Thar Roxx whose bookings open on September 14 and deliveries are likely to commence next month onwards. August 2024 proved to be excellent month for SUVs in India with a 10.3 % growth when compared to August last year.