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Tata Punch Becomes Best-Selling Car in India
Tata Motors' Punch has dethroned Maruti Suzuki's WagonR to become India's best-selling car, with 126,000 units sold from January to July 2024. The Punch's success is attributed to its multi-fuel options, with electric and CNG variants comprising 47% of its sales, in line with a growing consumer preference for alternative fuels. Despite this achievement, the Punch fell to fourth place in July, overtaken by Hyundai Creta, which sold 190,000 units in the same period. Experts note that the Punch's competitive pricing and SUV-like features have contributed to its popularity, while its sales have surged from 79,000 units in the previous year. The automotive market is witnessing an increasing focus on diversifying fuel options, as competitors like Hyundai also introduce models catering to this trend. Overall, the rise of Tata Punch signifies a notable shift in the Indian automotive landscape, challenging the long-standing dominance of Maruti Suzuki.
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