January 2023 Cars Sales Analysis - Overall Snapshot With YoY, MoM Change | V3Cars
In this January 2023 detailed car sales analysis article, we’ll look at the YoY and MoM change in sales figures for each car and the YoY, MoM change each car witnessed in the same month.
We’ll also include sales figures from the last 6 months to give you an idea about the 6-month trend of each car on sale in India and share our observations.
- Speaking of consistent performers over the last 6 months, top five cars ranked by the average sales over the last 6 months are:
- Maruti Suzuki Baleno (B2-Hatch, 18,195)
- Maruti Suzuki Alto/Alto K10 (A-Hatch, 17,702)
- Maruti Suzuki WagonR (B1-Hatch, 16,965)
- Tata Nexon (B2-SUV, 14,477)
- Maruti Suzuki Swift (B1-Hatch, 14,025)
- As it is clear from the numbers, Maruti holds the biggest market share owing to its consistently good selling cars. 4 out of 5 cars with best average sales for 6 months are from Maruti Suzuki.
- Tata has done something right with their B2-segment SUV, the Nexon, as it stands 4th out of 78 cars on sale in the Indian market currently.
- Disregarding the numbers of low volume cars like Marazzo and Kona Electric, the Kia Carens was the clear winner in terms of YoY gains in January. It recorded a YoY growth of about 1274%.
- The 10 top-gainers in the market in the YoY comparison analysis are:
- Kia Carens (1274%)
- MG ZS EV (741%)
- Hyundai Kona Electric (471%)
- Toyota Fortuner (356%)
- Hyundai Tucson (275%)
- Toyota Vellfire (267%)
- Maruti Ignis (193%)
- Mahindra Scorpio (188%)
- Kia Carnival (181%)
- Toyota Glanza (147%)
- Mahindra Bolero (144%)
- The top selling brand for the month of January 2023 was Maruti Suzuki, with over 1 lakh 47 thousand units sold, which is a gain of over 35,000 units in a single month from December’s total sale of over 1 lakh 12 thousand units.
- The total sales of brands in the month of January in comparison to the total sales in December are as follows:
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- Maruti’s supremacy over the Indian car market is such that Maruti would have to lose over 97,000 units in sales to match the second best-selling brand, Hyundai.
- The Baleno from Maruti Suzuki was the best-selling model in January, with about 18,000 units sold.
- The manufacturer with the least units sold in January was Jeep, with about 700 units.
- In the last 6-9 months, we’ve witnessed a lot of action in the Indian auto industry with a bunch of new car launches, generation updates and mid-life refreshes. We can expect a lot more to happen in 2023.
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Note: Check your Car EMI with our - Car EMI Calculator
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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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