Tata Nexon, Punch become India's top-selling SUVs in FY2024: Details

Tata Motors, despite not being the top-selling SUV manufacturer in India anymore, concluded FY24 with its models popular Punch and Nexon emerging as the nation's best-selling SUVs. The Nexon clinched the top spot, maintaining its dominance in the highly-contested subcompact SUV segment for the third consecutive year, while the Punch followed closely behind.
During FY 2023-24, the Nexon sold an impressive 1,71,697 units. Notably, the Nexon achieved a significant milestone, surpassing seven lakh units sold in its seventh year, having debuted in 2017. The Punch, meanwhile, secured its position as the second best-selling SUV with 1,70,076 units sold within the same period. Besides, the latter also led sales charts in March and April of 2024.

The market share for the compact SUV segment has increased from 4 percent to 7 percent, while the broader SUV market's share has grown from 8 percent to 14 percent.
Tata Nexon, Tata Punch: Why are these models so popular
First and foremost, safety. In a market where consumer mindset is shifting and now they are prioritizing safety over budget or mileage, both the Nexon and Punch SUVs come with 5-star ratings from GNCAP. Notably, their electric variants, the Nexon EV and Punch EV, recently received 5-star ratings from Bharat NCAP, making them the safest electric SUVs in India. The Punch EV even outperformed slightly in terms of points scored.
On the other hand, Tata Motors provides a range of engine and transmission options for the Nexon and Punch. The Nexon is available with petrol and diesel engines and offers four transmission choices: 5-speed manual, 6-speed manual, 6-speed AMT, and a new 7-speed dual-clutch transmission (DCT).
The Punch comes with a single petrol engine option, paired with either a 5-speed manual or a 5-speed AMT. It also offers CNG variants. Both models are also available in fully electric versions. Besides that, the company is gearing up to launch the CNG iteration of the Nexon soon.