Tata Punch to pip Maruti Swift to become best-selling car of 2024

The top 10 list of best-selling cars includes the WagonR, Ertiga, Brezza, Swift, Baleno, Scorpio, Fronx and Nexon.

According to Jato Dynamics, the Tata Punch looks set to become India’s best-selling car in 2024. The overall sales of the sub-compact SUV are expected to surpass the 2023 leader Maruti Swift.

Last year, the Tata Punch was placed 7th among the top 10 best-selling cars in India. Tata Motors is likely to end this year with a record 2,00,678 units of the Punch, overtaking popular models like the Maruti Suzuki WagonR and Hyundai Creta. The other models in the top 10 list of best-selling cars include the Maruti Ertiga, Brezza, Swift, Baleno, Mahindra Scorpio, Maruti Fronx and Tata Nexon.

Data shows that from 2021 to 2024, the Tata Punch registered a compound annual growth rate of 73%, which is the fastest among all models since its launch in 2021. One of the reasons for the rise in popularity of the Tata Punch is the variety of powertrains on offer. The Punch is available with a conventional petrol engine, CNG, and as a pure EV.

The model’s weighted average price excluding discounts and incentives is estimated to have gone up by 9% to Rs 8.38 lakh compared to last year. It is calculated by multiplying each variant of a model with units sold. The sum of all these variants multiplied by the number of units of each is then divided by the number of units sold.

The Nexon is the only other Tata model in the top 10 list. It is expected to register sales of 1,56,770 units, dropping from 5th place in 2023 to 10th.

Source: ET Auto