February 2023 Car Sales Analysis - Brand-Wise YoY, MoM Change, 6-Month Trend | V3Cars

17 March 2023
By Prathu Sharma
0

In this February 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 February 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of about 456% because of the low numbers in February 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
Among the high volume carmakers, Toyota posted the best growth in February YoY comparison, with a 74% rise in sales.
Kia posted the second best YoY growth of around 36%.
The biggest losers were Jeep and Skoda with 29.51% and 24% decline, respectively, in YoY dispatch numbers in February.
Honda sales dropped by about 25% in January YoY comparison but reported a 6.62% growth trend in February YoY comparison.

BRAND-WISE FEBRUARY 2023 CAR SALES YOY CHANGE
Brand	Feb 2023	Feb 2022	Change	% Change	Trend
Citroen	328	59	269	455.93%
Datsun	0	239	-239	-100%
Honda	6,086	7,187	-1,101	-15.32%
Hyundai	46,968	44,050	2,918	6.62%
Jeep	719	1,020	-301	-29.51%
Kia	24,600	18,121	6,479	35.75%
Mahindra	30,221	27,563	2,658	9.64%
Maruti Suzuki	1,47,467	1,33,948	13,519	10.09%
MG	4,193	4,528	-335	-7.4%
Nissan	2,184	2,217	-33	-1.49%
Renault	6,616	6,568	48	0.73%
Skoda	3,418	4,503	-1,085	-24.1%
Tata	42,865	39,980	2,885	7.22%
Toyota	15,267	8,745	6,522	74.58%
Volkswagen	3,313	4,028	-715	-17.75%

Brand-Wise February 2023 Car Sales - MoM Change

Citroen was the top losing brand in MoM comparison for February with a 59% decline in numbers
Citroen was Nissan and Honda with 22% decline in sales numbers in February
Reanult was the top gaining brand with a 120% growth in MoM dispatches in February compared to January
Reanult was followed by Toyota with a 20% growth in dispatches in February over January

BRAND-WISE FEBRUARY 2023 CAR SALES MoM CHANGE
Brand	Feb 2023	Jan 2023	Change	% Change	Trend
Citroen	328	804	-476	-59.2%
Honda	6,086	7,821	-1,735	-22.18%
Hyundai	46,968	50,106	-3,138	-6.26%
Jeep	719	685	34	4.96%
Kia	24,600	28,634	-4,034	-14.09%
Mahindra	30,221	33,040	-2,819	-8.53%
Maruti Suzuki	1,47,467	1,47,348	119	0.08%
MG	4,193	4,114	79	1.92%
Nissan	2,184	2,803	-619	-22.08%
Renault	6,616	3,008	3,608	119.95%
Skoda	3,418	3,818	-400	-10.48%
Tata	42,865	47,990	-5,125	-10.68%
Toyota	15,267	12,728	2,539	19.95%
Volkswagen	3,313	2,906	407	14.01%

Car Brands — 6-Month Brand Sales Trend (Sept 2022 - Feb 2023)

BRAND-WISE 6 MONTH SALES TREND SEPT 2022 - FEB 2023
BRAND	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	6 Month Avg
Citroen	1,386	1,195	825	932	804	328	912
Honda	8,714	9,543	7,051	7,062	7,821	6,086	7,713
Hyundai	49,700	48,001	48,002	38,831	50,106	46,968	46,935
Jeep	1,116	1,136	894	769	685	719	887
Kia	25,857	23,323	24,025	15,184	28,634	24,600	23,604
Mahindra	34,010	32,226	30,266	28,333	33,040	30,221	31,349
Maruti Suzuki	1,48,380	1,40,337	1,32,395	1,12,010	1,47,348	1,47,467	1,37,990
MG	3,808	4,367	4,079	3,899	4,114	4,193	4,077
Nissan	3,177	3,061	2,400	2,020	2,803	2,184	2,608
Renault	7,623	7,778	6,325	6,126	3,008	6,616	6,246
Skoda	3,543	3,389	4,433	4,789	3,818	3,418	3,898
Tata	47,655	45,220	46,040	40,045	47,990	42,865	44,969
Toyota	15,378	13,143	11,765	10,421	12,728	15,267	13,117
Volkswagen	4,103	3,510	3,570	4,709	2,906	3,313	3,685

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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.