By Vivek Dubey
CNBC-TV18.com
Published Sept 19, 2024
Honda reclaims its spot among the top three car brands, with City and Amaze leading alongside Maruti Suzuki and Hyundai, replacing Tata.
Spinny Insights - June to August, 2024
Renault Kwid stays a favourite, securing a top-three position for three consecutive quarters, alongside Hyundai Grand i10 and Maruti Suzuki Wagon R.
The compact SUV segment leads in growth, showing a 12% increase over the last quarter, reflecting a shift in buyer preferences.
Petrol cars remain the top choice, with 83% of buyers opting for them, while diesel and CNG vehicles account for 12% and 5%, respectively.
Car buyers favour white, grey, and red as the most preferred colours, indicating a trend towards classic and neutral shades.
A growing trend towards digital transactions sees 65% of buyers purchasing cars online, a 5% increase from the previous quarter.
First-time car buyers make up 67% of customers, with women representing 30% of buyers, reflecting efforts to promote women's car ownership.
A growing trend for manual transmissions is noted, with 76% of buyers choosing them, up from 70% last quarter, while automatic preferences drop.
The used luxury car market thrives in urban areas, led by young buyers. Delhi, Bengaluru, and Mumbai see high demand, with models like BMW X1 and Audi A4.