In the Indian automotive market, various vehicle segments including Hatchbacks, Sedans, Compact Sedans, SUVs, Compact SUVs, and MPVs cater to different customer preferences. Analyzing the best-selling cars in each segment for July 2023 reveals notable trends. Notably, there’s been a shift towards mini SUVs like Punch and Exter.
Let’s delve into the top 3 best-selling cars from each segment:
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Hatchback Segment:
1. Maruti Suzuki Swift (3.09% YoY growth, 12.17% MoM growth)
2. Maruti Suzuki Baleno (-6.88% YoY growth, 18.81% MoM growth)
3. Maruti Suzuki Wagon R (-42.58% YoY growth, -25.81% MoM growth)
Despite increased competition and customer diversification, Maruti Suzuki continues to dominate this segment. Vehicles like Grand i10 Nios and Tata Tiago offer tough competition, though Maruti’s Wagon R has experienced a significant decline in both MoM and YoY sales.
Compact SUV Segment:
1. Maruti Suzuki Vitara Brezza (70.39% YoY growth, 56.39% MoM growth)
2. Maruti Suzuki Fronx (0% YoY growth, 65.44% MoM growth)
3. Tata Nexon (-13.12% YoY growth, -10.69% MoM growth)
The compact SUV segment is witnessing impressive growth, led by Maruti Suzuki Vitara Brezza, outpacing competitors like Tata Nexon. The introduction of Maruti Fronx has also been successful, contributing to the overall segment growth.
SUV Segment:
1. Hyundai Creta (11.38% YoY growth, -2.66% MoM growth)
2. Mahindra Scorpio N + Classic (176.68% YoY growth, 21.67% MoM growth)
3. Kia Seltos (14.04% YoY growth, -23.48% MoM growth)
In the SUV category, Hyundai Creta retains its leadership position with positive YoY growth, while the Mahindra Scorpio N + Classic experiences remarkable YoY and MoM growth. Kia Seltos faces a decline in MoM sales.
MPV Segment:
1. Maruti Suzuki Ertiga (48.05% YoY growth, 70.41% MoM growth)
2. Maruti Suzuki Eeco (-7.75% YoY growth, 28.68% MoM growth)
3. Toyota Innova Crysta + Hycross (29.49% YoY growth, 6.87% MoM growth)
In the MPV category, Maruti Suzuki Ertiga leads with substantial MoM growth, appealing to the commercial and family-oriented market. Despite YoY de-growth, Maruti Suzuki Eeco reports MoM growth. Toyota Innova Crysta + Hycross demonstrates strong growth, but Hycross faces significant waiting periods due to its hybrid powertrain.
In conclusion, the Indian automotive industry witnessed dynamic trends in July 2023 across different vehicle segments. The best-selling cars in each category showcased the preferences of the consumers and highlighted the changing landscape of the market. Maruti Suzuki continued to establish its dominance, particularly in the hatchback and compact SUV segments, while Hyundai Creta retained its position as a leading SUV. The MPV segment saw Maruti Suzuki Ertiga’s remarkable growth, catering to both commercial and family needs. As the industry evolves, these best-selling models provide insights into the evolving demands and preferences of Indian consumers in the realm of automobiles.
Also Read: Top 3 Best Selling Cars in July 2023 from each OEM
