Tata Nexon EV contributed to over 61% of Passenger EVs sold in India!

Tata Motors (Nexon+Tigor) commanded a Market Share of 67% between April to September 2020! Also the Nexon EV continuous its dominance as the best selling EV for FY2021.

  • Nexon EV maintains its leadership position in the segment and sold an impressive 1,151 units in the past 5 months and topped the charts in terms of electric vehicle sales. It commanded a lion’s share of the market and registered a FY21 Market Share of 61.4%. Tata seems to have ticked the right boxes with Nexon EV in terms of price, range, design & practicality.
  • MG’s eZS ranked second in the list and has clearly outsold its direct competitor Kona. eZS has been able to connect well with the premium range of EV buyers and garnered a Market Share of 27.4% in YTD FY21. MG is now all set to expand its horizon and shall now be marketed in 10 new cities. These cities include Nagpur, Lucknow, Agra, Dehradun, Ludhiana, Kolkata, Aurangabad, Indore, Coimbatore and Vizag.
  • Tata’s other EV offering Tigor could place itself in the third spot. It could sell 100 units in the past 5 months and registered a Market Share of 5.3%.
  • Mahindra which had a early mover advantage in the EV space is slowly losing out to others. It managed to sell a meager 9 units in the past 5 months and the Market Share was just 0.5%!

We however believe the overall EV volumes are way below expected levels and needs an upsurge to make Auto Makers serious about the segment. This requires Government push and changes in policies to incentivize EV buyers and manufacturers. We have seen many Indian states taking steps in the right direction and hope the segment flourishes accordingly.

Indian Car Sales Figures – September 2020

OEMwise Car Sales Figures – 





Modelwise Car Sales Figures –





List of Top 25 selling Cars in India for September 2020 –

Rank OEM Model Sep-20 Sep-19 Growth (%)
1 Maruti Swift 22,643 12,934 75%
2 Maruti Nexa Baleno 19,433 11,420 70%
3 Maruti Alto 18,246 15,079 21%
4 Maruti Wagon R 17,581 11,757 50%
5 Maruti DZIRE 13,988 15,662 -11%
6 Hyundai Creta 12,325 6,641 86%
7 Maruti Eeco 11,220 9,949 13%
8 Hyundai i10 Grand 10,385 9,358 11%
9 Maruti Ertiga 9,982 6,284 59%
10 Hyundai i20 Elite 9,852 10,141 -3%
11 Kia SONET 9,266
12 Maruti Vitara Brezza 9,153 10,362 -12%
13 Kia SELTOS 9,079 7,754 17%
14 Maruti S Presso 9,000 5,006 80%
15 Hyundai Venue 8,469 7,942 7%
16 Maruti CELERIO 7,250 4,140 75%
17 Tata Tiago 6,080 3,068 98%
18 Tata NEXON 6,007 2,842 111%
19 Tata ALTROZ 5,952
20 Mahindra Bolero 5,797 4,179 39%
21 Honda Amaze 5,416 4,823 12%
22 Renault KWID 4,513 2,995 51%
23 Renault TRIBER 4,159 4,710 -12%
24 Toyota Innova Crysta 4,087 4,225 -3%
25 Hyundai Xcent/Aura 3,882 1,164 234%

MUV/MPV Segment Sales Analysis – September 2020

MUV Segment grew 11% YoY backed by strong performance from Ertiga & Bolero. The segment has not seen any major launches in 2020 and yet is growing continuously.

  • Ertiga + XL6 sold a 12,069 units and contributed to 44% of the segment’s volumes! The duo have been a runaway success and is bringing in significant volumes to both Arena & Nexa channels of Maruti. The model is also planned to be rebadged and sold from Toyota showrooms too in near future!
  • Mahindra’s oldest workhorse Bolero still sells like hotcake. The model grew a phenomenal 39% YoY and was backed by strong rural demand. Bolero single handedly contributed ~40% of Mahindra’s volumes in Sep’20!
  • Triber volumes is now tapering down and the model sales fell -12% YoY. Triber was the Renault’s most successful launch of 2019; and falling volumes is not a good sign.
  • XL6 too recorded a massive fall in YoY volumes (-46%). Believe; customers are not ready to accept the 6 seater Ertiga?
  • Innova Crysta is getting back in shape – Post Lockdown; the model volumes had dropped significantly and is now slowly gaining traction.




Hyundai India Sales Analysis – September 2020

Hyundai posted its highest monthly sales for the past 23 months in Sep’20! Hyundai dispatched 50,313 units in September and registered a YoY & MoM growth of 24%.

Model Year-on-Year Comparo Month-on-Month Comparo
Sep’20 Sep’19 Growth (%) Sep’20 Aug’20 Growth (%)
Creta 12,325 6,641 86% 12,325 11,758 5%
i10 Grand 10,385 9,358 11% 10,385 10,190 2%
i20 Elite 9,852 10,141 -3% 9,852 7,765 27%
VENUE 8,469 7,942 7% 8,469 8,267 2%
Aura/Xcent 3,882 1,164 234% 3,882 3,228 20%
SANTRO 3,034 3,502 -13% 3,034 2,395 27%
Verna 2,228 1,738 28% 2,228 2,015 11%
Tucson 85 78 9% 85 139 -39%
KONA 29 47 -38% 29 26 12%
Elantra 24 94 -74% 24 26 -8%
TOTAL 50,313 40,705 24% 50,313 45,809 10%
  • Creta was the best seller for Hyundai and contributed to almost 25% of Hyundai’s sales in September 2020! The model also emerged as India’s best selling SUV for the month. It was also the sole model from Hyundai to cross 12k sales in Sep’20.
  • i10 Nios was the OEMs second best seller and sold over 10.3k units. It registered a YoY growth of 11% and MoM growth of 2%. i10 Nios sales have increased post lockdown and highlights increasing demand for small cars. Do note that India’s best selling car was Swift and is a direct rival of i10 Nios.
  • Even though the current gen i20 is at its end of the lifecycle; 9,852 dispatches is quite impressive. It shows how customers are ready to purchase the model even though a new model is in the pipeline.
  • Venue ranked fourth for the OEM and around 8,469 units were dispatched in September 2020.

Honda City is the best selling Executive Sedan in September 2020!

The New Honda City again took the crown as India’s No.1 Executive Sedan for September 2020 with sales of 2,709 units. Hyundai’s Verna managed to come 2nd with dispatches of 2,228 units.

  • The Executive Sedan segment grew 17% YoY and this is the segment has recorded growth after a very long time. 2 new launches (updated City & Verna) has given the required boost in the segment.
  • Honda’s City is the oldest nameplate in the segment and has been the segment leader since inception. It did face challenge from the likes of Verna & Ciaz; but the latest iteration of the City is showing no signs to lose its dominance in the segment. City recorded one of the highest YoY growth and emerged as the top seller.
  • Hyundai too launched the Verna facelift early this year and was able to sustain volumes. It recorded a YoY growth of 28% and ranked second in the list.
  • Maruti’s Ciaz now remains the most outdated model in the list and is now struggling to compete with the likes of City/Verna. It saw a dip is sales YoY and took the third spot in the segment.