February 2023 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

18 March 2023
By Prathu Sharma
0

In this February 2023 cars sales analysis article, we’ll look at the YoY and MoM change in sales figures for each carmaker, segment and body style 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.

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%

Segment-Wise February 2023 Car Sales - YoY Change

In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of 16.33%
The D1-segment was followed by the B2-segment, with a YoY growth of 16% in February 2023
The B1-segment witnessed a YoY growth of 13% in our February 2023 comparison analysis
In terms of YoY comparison, all segments witnessed growth except the A-segment, which witnessed a decline of 9% in the February YoY comparison analysis

SEGMENT-WISE FEBRUARY 2023 CAR SALES YOY CHANGE
S.No.	Segment	Feb 2023	Feb 2022	Change	% Change	Trend
1	A	39,443	43,333	-3,890	-8.98%
2	B1	68,311	60,525	7,786	12.86%
3	B2	1,41,061	1,21,791	19,270	15.82%
4	C	50,522	48,433	2,089	4.31%
5	D1	30,332	26,074	4,258	16.33%
6	D2	4,576	2,600	1,976	76%

Segment-Wise February 2023 Car Sales - MoM Change

In terms of MoM comparison for the month of February, all segments, except B2-segment, witnessed a decrease in their sales figures in comparison to sales in January
The B2-segment reported a MoM growth of 6%
The C-segment saw the highest MoM decline of all, of around 20%
The D2-segment followed the C-segment with a 14% decrease

SEGMENT-WISE FEBRUARY 2023 CAR SALES MOM CHANGE
S.No.	Segment	Feb 2023	Jan 2023	Change	% Change	Trend
1	A	39,443	40,632	-1,189	-2.93%
2	B1	68,311	72,546	-4,235	-5.84%
3	B2	1,41,061	1,33,203	7,858	5.9%
4	C	50,522	62,962	-12,440	-19.76%
5	D1	30,332	31,139	-807	-2.59%
6	D2	4,576	5,323	-747	-14.03%

Body-Wise February 2023 Car Sales - YoY Change

SUVs witnessed the biggest YoY growth of 20.35% in February 2023 compared to February 2022
The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 10% gain in sales in February 2023 compared to February 2022
MPVs suffered a 6.28% decline in sales in February YoY comparison analysis
Sedans also saw a 4.33% decline in sales in February

BODY-WISE FEBRUARY 2023 CAR SALES YOY CHANGE
S.No.	Body Style	Feb 2023	Feb 2022	Change	% Change	Trend
1	Hatch	1,21,290	1,10,177	11,113	10.09%
2	Sedan	35,387	36,987	-1,600	-4.33%
3	SUV	1,43,413	1,19,164	24,249	20.35%
4	MPV	34,140	36,428	-2,288	-6.28%
5	Pickup	15	0	15	15

Body-Wise February 2023 Car Sales - MoM Change

SUVs were the top loser by reporting a 7.3% decline in MoM comparison to January sales figures
SUVs were followed by MPVs with 6.1% drop in dispatches in February compared to January
Pickups are not a popular body-style among Indian buyers and it is evident from the numbers
Among the winners, sedans were the top gaining bodystyle with over 35,000 units sold in February, compared to almost 32,000 in January, witnessing a rise of over 11% in monthly sales
Hatchbacks also reported a decline of 1.4% in MoM sales comparison

BODY-WISE FEBRUARY 2023 CAR SALES MOM CHANGE
S.No.	Body Style	Feb 2023	Jan 2023	Change	% Change	Trend
1	Hatch	1,21,290	1,23,007	-1,717	-1.4%
2	Sedan	35,387	31,737	3,650	11.5%
3	SUV	1,43,413	1,54,707	-11,294	-7.3%
4	MPV	34,140	36,353	-2,213	-6.09%
5	Pickup	15	1	14	1400%

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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.