SUV Sales Feb 2023

Sub 4m SUVs are of stark significance for manufacturers. This phase attracts in extra volumes than compact SUVs (Creta, Seltos) and is one in all the, if not, the freshest phase in Indian automobile phase. For the month of February 2023, this phase confirmed thrilling outcomes as consumer traits appear to have shifted towards Brezza, rather than suitable ol` Nexon.

Sub 4m SUV Sales Feb 2023 – Brezza No 1

Ever due to the fact that Maruti Suzuki released Brezza, changing Vitara Brezza, it has labored wonders for the brand. Customer reaction may be very fine, that is contemplated withinside the 15,787 devices offered remaining month. Brezza takes the crown of highest-promoting sub 4m SUV and highest-promoting SUV of any type as well.

 Brezza registered 70.56% YoY boom over 9,256 devices offered with the aid of using Vitara Brezza in Feb 2022 and has outdone itself from a month earlier than with the aid of using 9.94% MoM boom. It holds 27.54% of marketplace percentage too. Volume boom stood at 6,531 and 1,428 devices YoY and MoM respectively. Nexon has been driven again and now takes 2d area with 13,914 devices offered.

As against 12,259 devices offered a 12 months in the past, Nexon noticed 13.50% boom YoY, however numbers fell MoM with the aid of using 10.62%, dropping 1,653 devices in extent. Just a month earlier than, Nexon become the highest-promoting SUV in India with 15,564 devices in its name. Market percentage has been decreased from 26.19% to 24.27%. 

Upcoming Nexon facelift is probably a purpose for a number of this decline too. At third and 4th area, we've South Korean cousins Hyundai Venue and Kia Sonet with 9,997 and 9,836 devices respectively. Hyundai Venue absolutely falls withinside the crimson with a 2.11% YoY decline and a 6.90% MoM decline. On the opposite hand, Kia Sonet registered 59.83% YoY boom and 6.32% MoM boom.

Venue misplaced 215 devices YoY and 741 devices MoM in extent, even as Sonet received 3,682 devices YoY and 585 devices MoM. Despite being platform companions, each Venue and Sonet observe absolutely unique layout languages and characters interior and out. Creating a diffused identification difference. Kiger Gained 56.29% MoM In fifth area, we've the Mahindra XUV300 clocking 3,809 devices remaining month. 

As against 4,511 devices offered a 12 months in the past and 5,390 devices offered a month earlier than, Mahindra XUV300 noticed a 15.56% YoY decline and a 29.33% MoM decline. In effect, Mahindra misplaced 702 devices YoY and 1,581 devices MoM in extent. Platform companions Nissan Magnite and Renault Kiger offered 2,184 and 1,802 devices respectively. While Magnite noticed fine boom of 6.07% YoY, gaining one hundred twenty five devices in extent, there has been a 22.08% decline in MoM, dropping 619 devices in extent. 

Kiger confirmed the alternative reaction with a 19.80% YoY decline, dropping 445 devices in extent and gaining 56.29% YoY with 649 devices boom in extent. Honda WR-V offered zero devices remaining month and might be discontinued from 1st April 2023. In total, sub 4m SUV income for the month February 2023 stood at 57,329 devices. The phase noticed 15.64% YoY boom rather than 49,574 devices offered in February 2022 and noticed a 3.56% MoM decline rather than 59,444 devices offered in January 2023. Volume received YoY is 7,755 and extent misplaced MoM is 2,one hundred fifteen devices.