October 2023 Car Sales Analysis – 20 Top-Selling Cars | V3Cars

09 November 2023
By Prathu Sharma
0

In this October 2023 cars sales analysis article, we’ll look at the YoY and MoM change for the 20 top-selling cars of October 2023. Using this data, we will also provide our observations and insights on the reasons for significant improvements or declines in sales, where relevant.

Car Sales Analysis - 20 Top Selling Cars

October 2023 - 20 Top-Selling Cars YoY Change

Maruti Suzuki continues to dominate the market with 3 of its models (WagonR, Swift, and Baleno) securing the top spots in terms of sales. The WagonR and Swift saw healthy YoY growth (23.04% and 19.45%, respectively), maintaining their popularity.
Tata Nexon (with 22.66% growth) and Tata Punch (with 39.47% growth) experienced substantial YoY growth, indicating a positive trend for Tata Motors. These models have gained traction in the market, reflecting the success of Tata's recent offerings.
While Baleno from Maruti Nexa saw a slight decline in sales (−3.24%), the Grand Vitara showed strong YoY growth. The performance of Fronx is notable, securing a significant position in the top 20 despite not having a comparison from the previous year as it was launched earlier this year.
Models like Brezza, Scorpio N + Classic, Creta, Seltos, Venue, and XUV700 all experienced positive YoY growth. This trend suggests that SUVs continue to be popular among consumers.
Mahindra's Scorpio N, Scorpio Classic, Bolero/Bolero Neo, and XUV700 all demonstrated strong YoY growth, showcasing the success of Mahindra's SUV lineup.
Toyota's Innova Crysta/HyCross showed a remarkable YoY growth of 118.86%, positioning it as the top-gaining model in October 2023.
Hyundai's Creta and Venue secured positions in the top 20, with both models experiencing positive YoY growth. The introduction of the Exter also contributed to Hyundai's growth.
The Maruti Suzuki Alto K10 faced a significant YoY decline of −47.32%, suggesting challenges for this particular model in the market.

20 TOP-SELLING CARS - OCTOBER 2023 YoY CHANGE
S.No.	Brand	Model	Oct 2023	Oct 2022	Change	%Change	Trend
1	Maruti Suzuki	WagonR	22,080	17,945	4,135	23.04
2	Maruti Suzuki	Swift	20,598	17,231	3,367	19.54
3	Tata	Nexon	16,887	13,767	3,120	22.66
4	Maruti Nexa	Baleno	16,594	17,149	-555	-3.24
5	Maruti Suzuki	Brezza	16,050	9,941	6,109	61.45
6	Tata	Punch	15,317	10,982	4,335	39.47
7	Maruti Suzuki	Dzire	14,699	12,321	2,378	19.30
8	Maruti Suzuki	Ertiga	14,209	10,494	3,715	35.40
9	Mahindra	Scorpio N + Classic	13,578	7,438	6,140	82.55
10	Hyundai	Creta	13,077	11,880	1,197	10.08
11	Maruti Suzuki	Eeco	12,975	8,861	4,114	46.43
12	Kia	Seltos	12,362	9,777	2,585	26.44
13	Hyundai	Venue	11,581	9,585	1,996	20.82
14	Maruti Nexa	Fronx	11,357	-	11,357	-	-
15	Maruti Suzuki	Alto K10	11,200	21,260	-10,060	-47.32
16	Maruti Nexa	Grand Vitara	10,834	8,052	2,782	34.55
17	Mahindra	Bolero + Neo	9,647	8,772	875	9.97
18	Mahindra	XUV700	9,297	5,815	3,482	59.88
19	Toyota	Innova Crysta/HyCross	8,183	3,739	4,444	118.86
20	Hyundai	Exter	8,097	-	8,097	-	-

Oct 2023 - 20 Top-Selling Cars MoM Change

Top Gainers:
- Maruti Suzuki Alto K10: The Maruti Suzuki Alto K10 showed a significant MoM growth of 43.76%, indicating increased demand for this model in October 2023.
- Maruti Suzuki Swift: The Maruti Suzuki Swift had a robust MoM growth of 40.09%, suggesting sustained popularity and strong consumer interest.
- Maruti Suzuki WagonR: The Maruti Suzuki WagonR saw a substantial MoM increase of 35.88%, maintaining its position as one of the top-selling cars.
- Tata Punch: The Tata Punch recorded a notable MoM growth of 17.5%, indicating positive consumer response to this model.
- Kia Seltos: The Kia Seltos experienced a significant MoM increase of 17.09%, showcasing continued demand for this SUV.
- Maruti Suzuki Eeco: The Maruti Suzuki Eeco had a strong MoM growth of 16.4%, indicating sustained popularity in the market.
Top Losers:
- Maruti Nexa Grand Vitara: The Maruti Nexa Grand Vitara faced a MoM decline of -7.69%, suggesting a decrease in sales compared to the previous month.
- Hyundai Venue: The Hyundai Venue experienced a MoM decrease of -5.1%, indicating some fluctuations in demand for this model.
- Hyundai Exter: The Hyundai Exter saw a MoM decline of -6.36%, suggesting a decrease in sales compared to the previous month.
- Maruti Nexa Fronx: The Maruti Nexa Fronx faced a modest MoM decline of -0.86%, indicating slight fluctuations in sales.
- Toyota Innova Crysta/HyCross: The Toyota Innova Crysta/HyCross recorded a MoM decline of -8.06%, suggesting a decrease in demand for this model.

20 TOP-SELLING CARS - OCTOBER 2023 MoM CHANGE
S.No.	Brand	Model	Oct 2023	Sep 2023	Change	%Change	Trend
1	Maruti Suzuki	WagonR	22,080	16,250	5,830	35.88%
2	Maruti Suzuki	Swift	20,598	14,703	5,895	40.09%
3	Tata	Nexon	16,887	15,325	1,562	10.19%
4	Maruti Nexa	Baleno	16,594	18,417	-1,823	-9.90%
5	Maruti Suzuki	Brezza	16,050	15,001	1,049	6.99%
6	Tata	Punch	15,317	13,036	2,281	17.50%
7	Maruti Suzuki	Dzire	14,699	13,880	819	5.90%
8	Maruti Suzuki	Ertiga	14,209	13,528	681	5.03%
9	Mahindra	Scorpio N + Classic	13,578	11,846	1,732	14.62%
10	Hyundai	Creta	13,077	12,717	360	2.83%
11	Maruti Suzuki	Eeco	12,975	11,147	1,828	16.40%
12	Kia	Seltos	12,362	10,558	1,804	17.09%
13	Hyundai	Venue	11,581	12,204	-623	-5.10%
14	Maruti Nexa	Fronx	11,357	11,455	-98	-0.86%
15	Maruti Suzuki	Alto K10	11,200	7,791	3,409	43.76%
16	Maruti Nexa	Grand Vitara	10,834	11,736	-902	-7.69%
17	Mahindra	Bolero + Neo	9,647	9,519	128	1.34%
18	Mahindra	XUV700	9,297	8,555	742	8.67%
19	Toyota	Innova Crysta/HyCross	8,183	8,900	-717	-8.06%
20	Hyundai	Exter	8,097	8,647	-550	-6.36%

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Top 20 Sellings Cars— 6-Month Sales Trend (May 2023 - Oct 2023)

Top 20 Selling Cars \| Monthly Sales Trend
Brand	Model	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	6 Month Avg
Maruti Suzuki	WagonR	16,258	17,481	12,970	15,578	16,250	22,080	16,770
Maruti Suzuki	Swift	17,346	15,955	17,896	18,653	14,703	20,598	17,525
Tata	Nexon	14,423	13,827	12,349	8,049	15,325	16,887	13,477
Maruti Nexa	Baleno	18,733	14,077	16,725	18,516	18,417	16,594	17,177
Maruti Suzuki	Brezza	13,398	10,578	16,543	14,572	15,001	16,050	14,357
Tata	Punch	11,124	10,990	12,019	14,523	13,036	15,317	12,835
Maruti Suzuki	Dzire	11,315	9,322	13,395	13,293	13,880	14,699	12,651
Maruti Suzuki	Ertiga	10,528	8,422	14,352	12,315	13,528	14,209	12,226
Mahindra	Scorpio N + Classic	9,318	8,648	10,522	9,898	11,846	13,578	10,635
Hyundai	Creta	14,449	14,447	14,062	13,832	12,717	13,077	13,764
Maruti Suzuki	Eeco	12,818	9,354	12,037	11,859	11,147	12,975	11,698
Kia	Seltos	4,065	3,578	9,740	10,698	10,558	12,362	8,500
Hyundai	Venue	10,213	11,606	10,062	10,948	12,204	11,581	11,102
Maruti Nexa	Fronx	9,863	7,991	13,220	12,164	11,455	11,357	11,008
Maruti Suzuki	Alto K10	9,368	11,323	7,099	9,603	7,791	11,200	9,397
Maruti Nexa	Grand Vitara	8,877	10,486	9,079	11,818	11,736	10,834	10,472
Mahindra	Bolero + Neo	8,170	8,686	8,921	9,092	9,519	9,647	9,006
Mahindra	XUV700	5,245	5,391	6,176	6,512	8,555	9,297	6,863
Toyota	Innova Crysta/HyCross	7,776	8,361	8,935	8,666	8,900	8,183	8,470
Hyundai	Exter	-	-	7,000	7,430	8,647	8,097	7,794

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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.