Tata Motors has solidified its dominance in the Indian SUV market with its flagship models, Nexon and Punch. For the third consecutive year, the Nexon has been ranked as the #1 SUV, celebrating its 7th anniversary with a milestone of 7 lakh units sold. The Punch follows closely, securing the #2 spot for FY24 and becoming the top-selling car in March and April 2024. Both models have received prestigious 5-star BNCAP ratings, with Punch.ev being lauded as India’s safest EV.
The compact SUV segment, known for its fierce competition, has seen remarkable growth, and Tata Motors continues to lead with consistent innovation. Nexon, launched in 2017, has gained a loyal customer base with its unique design and top-tier performance. It was India’s first GNCAP 5-star rated vehicle, setting a benchmark in safety standards. The new generation Nexon and Nexon.ev continue this legacy with enhanced safety protocols and stellar sales performance, boasting 3 lakh units sold in the last two years alone. Similarly, the Tata Punch has democratized SUV attributes, appealing to both existing and first-time buyers. Its 5-star GNCAP rating and 170,076 units sold in FY24 underscore its popularity. The Punch.ev’s recent 5-star BNCAP rating further cements Tata Motors’ commitment to safety and innovation.
In Kolkata, the Nexon and Punch have seen robust sales, contributing significantly to the city’s growing preference for compact SUVs. The Kolkata market mirrors the national trend, with an increasing demand for reliable and stylish vehicles, making Tata Motors a household name in the region.The compact SUV market in India has witnessed substantial growth, with the segment’s market share rising from 4% to 7%, and the overall SUV market share growing from 8% to 14%. Tata Motors’ Nexon and Punch have played a pivotal role in this surge, reaffirming their status as leading forces in the industry.
