December 2023 Cars Sales Analysis - Hatchback YoY, MoM Change, 6-Month Trend | V3Cars

In this December 2023 car sales analysis article, we’ll look at the YoY and MoM change in sales figures of all hatchbacks in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales. Lastly, the table with monthly sales of all hatchbacks for the last 6 months will give you an idea about their 6-month sales trend.

Hatchback December 2023 Sales Analysis

Hatchbacks Segment December 2023 Car Sales - YoY Change

  • Top Gainers (YoY):

    • MG Comet EV (A - Hatch): The MG Comet EV stands out as the top gainer with impressive Year-on-Year (YoY) growth. It recorded 791 units in December 2023, showcasing a strong entry into the market or growing demand for electric vehicles.
  • Top Losers (YoY):

    • Maruti Nexa Ignis (B1 - Hatch): The Maruti Nexa Ignis reported a significant YoY decline of -92.52%, with sales dropping from 5,241 units in December 2022 to 392 units in December 2023. This substantial decrease may indicate challenges faced by the model in terms of market competitiveness or changing consumer preferences.
    • Maruti Suzuki Alto K10 (A - Hatch): The Maruti Suzuki Alto K10 witnessed a substantial YoY decline of -71.13%, with sales decreasing from 8,648 units in December 2022 to 2,497 units in December 2023. The decline could be influenced by factors such as increased competition or shifts in customer demand within the hatchback segment.
    • Renault Kwid (A - Hatch): The Renault Kwid reported a notable YoY decrease of -74.99%, with sales dropping from 1,827 units in December 2022 to 457 units in December 2023. The significant decline suggests challenges or changes in market dynamics affecting the model's performance.
    • Maruti Suzuki Celerio (A - Hatch): The Maruti Suzuki Celerio experienced a considerable YoY decline of -77.34%, with sales declining from 1,090 units in December 2022 to 247 units in December 2023. The sharp decrease could be attributed to various factors, including competition, customer preferences, or market conditions.
    • Maruti Nexa Baleno (B2 - Hatch): The Maruti Nexa Baleno reported a substantial YoY decline of -36.99%, with sales decreasing from 16,932 units in December 2022 to 10,669 units in December 2023. While still a popular model, the decline indicates increased competition or shifts in the hatchback market.

HATCHBACKS DECEMBER 2023 CAR SALES

YOY CHANGE

S.No.

Brand

Model

Segment

Dec 2023

Dec 2022

Change

%Change

Trend

1

Maruti Suzuki

Swift

B1

11,843

12,061

-218

-1.81%

2

Maruti Nexa

Baleno

B2

10,669

16,932

-6,263

-36.99%

3

Maruti Suzuki

WagonR

B1

8,578

10,181

-1,603

-15.75%

4

Hyundai

Grand i10 Nios

B1

5,247

8,340

-3,093

-37.09%

5

Tata

Tiago

B1

4,852

6,052

-1,200

-19.83%

6

Hyundai

i20

B2

4,574

4,697

-123

-2.62%

7

Toyota

Glanza

B2

4,088

4,465

-377

-8.44%

8

Tata

Altroz

B2

4,081

4,055

26

0.64%

9

Maruti Suzuki

Alto K10

A

2,497

8,648

-6,151

-71.13%

10

MG

Comet EV

A

791

-

791

-

-

11

Renault

Kwid

A

457

1,827

-1,370

-74.99%

12

Maruti Nexa

Ignis

B1

392

5,241

-4,849

-92.52%

13

Maruti Suzuki

Celerio

A

247

1,090

-843

-77.34%

14

Hyundai

Ioniq 5

C2

81

-

81

-

-

15

Honda

Jazz

B2

-

3

-3

-

-

16

Mahindra

KUV100

B1

-

1

-1

-

-

Hatchback Segment December 2023 Car Sales - MoM Change

  • Top Gainers (MoM):

    • MG Comet EV (A - Hatch): The MG Comet EV emerges as the top gainer in Month-on-Month (MoM) comparisons, with sales increasing by 13.32%. This growth may indicate rising acceptance or demand for electric vehicles in the market.
    • Hyundai Grand i10 Nios (B1 - Hatch): The Hyundai Grand i10 Nios experienced a MoM growth of 11.45%, with sales increasing from 4,708 units in November 2023 to 5,247 units in December 2023. This positive trend suggests sustained interest in this hatchback model.
    • Toyota Glanza (B2 - Hatch): The Toyota Glanza showed a MoM growth of 3.49%, with sales rising from 3,950 units in November 2023 to 4,088 units in December 2023. This moderate increase could be attributed to various factors, including marketing strategies or customer preferences.
  • Top Losers (MoM):

    • Maruti Suzuki Alto K10 (A - Hatch): The Maruti Suzuki Alto K10 stands out as the top loser in MoM comparisons, experiencing a significant decline of -69.08%. Sales dropped from 8,076 units in November 2023 to 2,497 units in December 2023, signalling a substantial decrease in demand for this model during the period.
    • Maruti Nexa Ignis (B1 - Hatch): The Maruti Nexa Ignis reported a substantial MoM decline of -76.39%, with sales decreasing from 1,660 units in November 2023 to 392 units in December 2023. This sharp decline may indicate challenges or changing market dynamics for the Ignis model.
    • Maruti Suzuki Celerio (A - Hatch): The Maruti Suzuki Celerio witnessed a significant MoM decline of -88.85%, with sales dropping from 2,215 units in November 2023 to 247 units in December 2023. The steep decrease could be attributed to various factors, including competition or shifts in customer preferences.
    • Hyundai Ioniq 5 (C2 - Hatch): The Hyundai Ioniq 5 reported a MoM decline of -15.63%, with sales decreasing from 96 units in November 2023 to 81 units in December 2023. While not as pronounced as other declines, it still suggests a slight dip in demand for this specific hatchback model.

HATCHBACKS DECEMBER 2023 CAR SALES

MOM CHANGE

S.No.

Brand

Model

Segment

Dec 2023

Nov 2023

Change

%Change

Trend

1

Maruti Suzuki

Swift

B1

11,843

15,311

-3,468

-22.65%

2

Maruti Nexa

Baleno

B2

10,669

12,961

-2,292

-17.68%

3

Maruti Suzuki

WagonR

B1

8,578

16,567

-7,989

-48.22%

4

Hyundai

Grand i10 Nios

B1

5,247

4,708

539

11.45%

5

Tata

Tiago

B1

4,852

5,508

-656

-11.91%

6

Hyundai

i20

B2

4,574

5,727

-1,153

-20.13%

7

Toyota

Glanza

B2

4,088

3,950

138

3.49%

8

Tata

Altroz

B2

4,081

4,955

-874

-17.64%

9

Maruti Suzuki

Alto K10

A

2,497

8,076

-5,579

-69.08%

10

MG

Comet EV

A

791

698

93

13.32%

11

Renault

Kwid

A

457

610

-153

-25.08%

12

Maruti Nexa

Ignis

B1

392

1,660

-1,268

-76.39%

13

Maruti Suzuki

Celerio

A

247

2,215

-1,968

-88.85%

14

Hyundai

Ioniq 5

C2

81

96

-15

-15.63%

Hatchback Cars — 6-Month Sales Trend (July 2023 - December 2023)

HATCHBACK CARS 6 MONTH SALES TREND

JULY 2023 - DECEMBER 2023

Brand

Model

Segment

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Nov 2023

Dec 2023

6 Month Avg

Maruti Suzuki

Swift

B1

17,896

18,653

14,703

20,598

15,311

11,843

17,186

Maruti Suzuki

WagonR

B1

12,970

15,578

16,250

22,080

16,567

8,578

16,821

Maruti Nexa

Baleno

B2

16,725

18,516

18,417

16,594

12,961

10,669

16,215

Maruti Suzuki

Alto K10

A

7,099

9,603

7,791

11,200

8,076

2,497

9,182

Tata

Tiago

B1

8,982

9,463

6,789

5,356

5,508

4,852

7,372

Tata

Altroz

B2

7,817

7,825

6,684

5,984

4,955

4,081

6,753

Hyundai

i20

B2

5,001

4,896

6,481

7,212

5,727

4,574

5,913

Hyundai

Grand i10 Nios

B1

5,337

7,306

5,223

6,552

4,708

5,247

5,908

Toyota

Glanza

B2

4,902

2,932

4,727

4,724

3,950

4,088

4,117

Maruti Suzuki

Celerio

A

2,893

4,038

3,246

4,317

2,215

247

3,351

Maruti Nexa

Ignis

B1

3,223

2,373

2,056

2,374

1,660

392

2,654

Renault

Kwid

A

762

883

747

869

610

457

870

MG

Comet EV

A

-

651

1,020

1,036

698

791

568

Hyundai

Ioniq 5

C2

125

130

176

117

96

81

124

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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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