May Auto Sales Sizzle: Tata Motors and Hyundai Battle for Second Place

New Delhi. Amidst the backdrop of the Lok Sabha 2024 elections, the Indian auto market witnessed a modest 4% growth in car sales in May 2024. This growth marked a continued competition between Hyundai Motor India and Tata Motors for the coveted second spot, while Maruti Suzuki maintained its dominant position, commanding over 40% of the market share.

Maruti Suzuki leads the pack

Maruti Suzuki retained its stronghold on the Indian car market, selling 1,44,002 cars in May 2024. While this represented just a marginal increase of 0.2% from the previous year, the company's overall performance remained impressive. However, its exports saw a notable decline, dropping by 34.4% to 17,367 units.

Hyundai Motor India secures second spot

Hyundai Motor India secured the second position with 49,151 cars shipped in May 2024, showcasing a modest 1% growth from the previous year. The Hyundai Creta emerged as the company's top-selling model, contributing significantly to its overall sales. Notably, the company recorded a substantial 31% increase in exports, shipping 14,400 cars.

Tata Motors on third

Tata Motors closely trailed Hyundai, shipping 46,697 cars in May 2024, reflecting a 2% growth compared to the previous year. Despite a 4% decline in electric vehicle (EV) sales, the company reported a remarkable 257% increase in exports, underlining its growing presence in the global market.

Mixed fortunes for Toyota and MG Motor

Toyota reported a notable 24% increase in car shipments, reflecting the company's growing presence in the Indian market. In contrast, MG Motor experienced a 5% decline in sales, selling 4,769 vehicles in May 2024.

Mahindra & Mahindra: Riding SUV wave

Mahindra & Mahindra witnessed a commendable 31% increase in car sales, selling 43,218 units in May 2024. The company's entire sales portfolio comprised SUVs, with the newly launched Mahindra XUV 3XO contributing significantly to its sales figures.