April 2023 Car Sales Analysis - Brand-Wise YoY, MoM Change, 6-Month Trend | V3Cars
In this April 2023 car sales analysis article, we’ll look at the manufacturer-wise sales figures along with the YoY and MoM change for each carmaker in India. We’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales where applicable. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of car sales for all manufacturers.
Brand-Wise April 2023 Car Sales - YoY Change
- In terms of percentage, Citroen posted the best YoY improvement of 1867% because of the low numbers in April 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
- Among the high volume carmakers, MG posted the best growth in April YoY comparison, with a 126% rise in sales.
- MG was followed by Mahindra which posted a 56% YoY growth.
- The biggest loser was Renault with a 43% decline in YoY dispatch numbers in April.
- Renault was followed by Jeep and then Honda with a 37% and 32.52% decline, respectively, in YoY numbers.
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Brand-Wise April 2023 Car Sales - MoM Change
- Most car brands operating in the Indian market reported an MoM decline in the month of April compared to that of March. Out of 14 mass-market brands listed here, only 3 brands reported some MoM growth in April.
- Kia was the top gaining brand in MoM comparison, with a 7.98% growth in numbers. The other gainers in April MoM comparison were Tata with 6.73% MoM growth and Maruti Suzuki with 3.45% MoM growth in April.
- Speaking of the losers, Citroen was the top losing brand with over 50% decline in MoM dispatches in April compared to March. It is to be noted Citroen was the consistent top gainer in the MoM comparison till March.
- Citroen was followed by MG with a 29% drop in dispatches in April over March. The other notable losers in the MoM comparison were:
- Toyota with 23.79% drop
- Volkswagen with 22.26% drop
- Honda with 20% drop
- Nissan and Renault with 20% drop
- Jeep with 7.98% drop
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Car Brands — 6-Month Brand Sales Trend (Nov 2022 - Apr 2023)
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ABOUT THE AUTHOR
Prathu Sharma
Engineer by upbringing, artist by passion, motorhead because, why not! Likes to know about everything related to technology, switches between american muscle and german innovation depending on the day. Wants to own 69' Mustang Mach 1 and to drive BMW M3 87'someday.
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