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

14 February 2023
By Prathu Sharma
0

In this January 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 January 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of over 1,900% because of the low numbers in January 2022. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
Among the mass volume carmakers, Toyota posted the best growth in January YoY comparison, with a near-74% rise in sales.
Mahindra posted the second best YoY growth of around 66%.
The biggest losers were Renault and Nissan with 63% and 29.5% decline, respectively, in YoY dispatch numbers in January.
Honda sales dropped by about 25% in January 2023 compared to January 2022.

BRAND-WISE JANUARY 2023 CAR SALES YOY CHANGE
Brand	Jan 2023	Jan 2022	Change	% Change	Trend
Citroen	804	40	764	1910%
Datsun	0	273	-273	-	-
Honda	7,821	10,427	-2,606	-24.99%
Hyundai	50,106	44,022	6,084	13.82%
Jeep	685	861	-176	-20.44%
Kia	28,634	19,319	9,315	48.22%
Mahindra	33,040	19,860	13,180	66.36%
Maruti Suzuki	1,47,348	1,28,924	18,424	14.29%
MG	4,114	4,306	-192	-4.46%
Nissan	2,803	3,977	-1,174	-29.52%
Renault	3,008	8,119	-5,111	-62.95%
Skoda	3,818	3,009	809	26.89%
Tata	47,990	40,780	7,210	17.68%
Toyota	12,728	7,328	5,400	73.69%
Volkswagen	2,906	3,523	-617	-17.51%

Brand-Wise January 2023 Car Sales - MoM Change

In terms of MoM change, most brands saw an increase in dispatches in January over December.
The 5 brands that saw a decline in dispatch numbers as the previous month are — Citroen, Jeep, Renault, Skoda and Volkswagen.
Speaking of losers, the top losing brand in terms of MoM comparison for the month of January was Renault with a 103% decline in dispatches, followed by Volkswagen with 62% MoM decline.
Kia was the top gaining brand with 47% growth in MoM dispatches in January compared to December.
Kia was followed by Nissan with a 28% decline in dispatches in January over December.

BRAND-WISE JANUARY 2023 CAR SALES MoM CHANGE
Brand	Jan 2023	Dec 2022	Change	% Change	Trend
Citroen	804	932	-128	-15.92%
Honda	7,821	7,062	759	9.7%
Hyundai	50,106	38,831	11,275	22.5%
Jeep	685	769	-84	-12.26%
Kia	28,634	15,184	13,450	46.97%
Mahindra	33,040	28,333	4,707	14.25%
Maruti Suzuki	1,47,348	1,12,010	35,338	23.98%
MG	4,114	3,899	215	5.23%
Nissan	2,803	2,020	783	27.93%
Renault	3,008	6,126	-3,118	-103.66%
Skoda	3,818	4,789	-971	-25.43%
Tata	47,990	40,045	7,945	16.56%
Toyota	12,728	10,421	2,307	18.13%
Volkswagen	2,906	4,709	-1,803	-62.04%

Car Brands — 6-Month Brand Sales Trend (Aug 2022 - Jan 2023)

BRAND-WISE 6 MONTH SALES TREND AUG 2022 - JAN 2023
BRAND	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	6 Month Avg
Citroen	850	1,386	1,195	825	932	804	999
Honda	7,769	8,714	9,543	7,051	7,062	7,821	7,993
Hyundai	49,510	49,700	48,001	48,002	38,831	50,106	47,358
Jeep	1,321	1,116	1,136	894	769	685	987
Kia	22,322	25,857	23,323	24,025	15,184	28,634	23,224
Mahindra	29,615	34,010	32,226	30,266	28,333	33,040	31,248
Maruti Suzuki	1,34,166	1,48,380	1,40,337	1,32,395	1,12,010	1,47,348	1,35,773
MG	3,823	3,808	4,367	4,079	3,899	4,114	4,015
Nissan	3,283	3,177	3,061	2,400	2,020	2,803	2,791
Renault	7,012	7,623	7,778	6,325	6,126	3,008	6,312
Skoda	4,222	3,543	3,389	4,433	4,789	3,818	4,032
Tata	47,170	47,655	45,220	46,040	40,045	47,990	45,687
Toyota	14,959	15,378	13,143	11,765	10,421	12,728	13,066
Volkswagen	2,057	4,103	3,510	3,570	4,709	2,906	3,476

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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.