MUV/MPV Segment Sales Analysis – October 2020

MUV Segment saw a dip for the first time in this FY and it fell -3% YoY. No new launches in the segment may have led to the trend.

1. Ertiga + XL6 sold a 10,187 units and contributed to over 35% of the segment’s volumes! Do note that the model is also planned to be rebadged and sold from Toyota showrooms too in near future!

2. Mahindra’s oldest workhorse Bolero still sells like hotcake. The model grew a phenomenal 30% YoY and was backed by strong rural demand. The festivities along with Bihar elections have surely given the upswing in sales for the Bolero!

3. Triber volumes is now tapering down and the model sales was flat YoY. Triber was the Renault’s most successful launch of 2019; and falling volumes is not a good sign.

4. XL6 recorded a massive fall in YoY volumes (-44%). Believe; customers are not ready to accept the 6 seater Ertiga?

5. Innova Crysta is getting back in shape – Post Lockdown; the model volumes had dropped significantly and is now slowly gaining traction. However; it still registered a YoY degrowth of -12%.