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

Brand-Wise June 2023 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of 1202.60% because of the low numbers in June 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
• Among the high volume carmakers, Mahindra posted the best growth in June YoY comparison, with a 22.32% rise in sales.
• Mahindra was followed by Toyota, with a 10.45% YoY growth.
• The biggest loser was Renault with a 41.50% decline in YoY dispatch numbers in June.
• Renault was followed by Honda and then Skoda with a 35% and 34% decline, respectively, in YoY numbers.
• Maruti Suzuki was the top-seller for cars in the Indian automobile market, with over 1.30 lakh units dispatched in June 2023, which is a 5.93% YoY growth compared to 1.23 lakh units dispatched in June 2022.
• Hyundai was second in the ranking for best sellers, with 50,000 units dispatched in June 2023, which less than half of that of Maruti Suzuki.

Brand-Wise June 2023 Car Sales - MoM Change

• Citroen was the top gaining brand in the MoM sales comparison, with a 24.44% growth in numbers. The other gainers in June MoM comparison were Renault with a 17.84% MoM growth and Skoda with 11.81% MoM growth in June.
• Speaking of losers, Jeep was the top losing brand with a 33% decline in MoM dispatches in June compared to May.
• The other notable losers in the MoM comparison were:
  • MG with 21.27% drop
  • Maruti Suzuki with 9.57% drop
  • Toyota with 5.89% drop

Segment-Wise June 2023 Car Sales - YoY Change

• All except A segment cars saw a growth in YoY comparison. The A-segment cars reported a 19.59% YoY decline in dispatches.
• In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of over 70%.
• The D1-segment was followed by the C2-segment with a YoY growth of 33.40% in June 2023.
• Next on the rankings was the B1 and C1-segment, which witnessed a YoY growth of around 18% in our June 2023 comparison analysis against the numbers from June 2022.

Segment-Wise June 2023 Car Sales - MoM Change

• Out of 7 segments in the Indian car market, only B1, C2 and D2-segments saw a growth in dispatch numbers in MoM comparison analysis.
• Speaking of MoM gainers in June comparison, the D2-segment reported a 8.75% MoM growth in June, making it the top growing segment. The C2-segment was a close second and saw a 7.14% MoM rise. B1-segment was right behind with 6.93% MoM growth.
• D1 and C1-segments saw an MoM drop of around 22% in June comparison analysis, making them the top losing car segments in India. The A-segment saw an MoM drop of nearly 3.13% in June compared to May.

Body-Wise June 2023 Car Sales - YoY Change

• Pickups witnessed the biggest YoY growth of over 1700% in June 2023 compared to June 2022.
• The SUV was the best-selling bodystyle in India. It was followed by hatchbacks, which saw a 8.53% drop in sales in June 2023 compared to June 2022.
• Only SUVs and pickups saw a growth in the YoY comparison analysis. SUV sales rose by 15% in June 2023 compared to June 2022.
• MPVs saw a 7% drop in sales in June YoY comparison analysis.

Body-Wise June 2023 Car Sales - MoM Change

• MPVs were the top losers by reporting a 8.89% drop in MoM comparison to May sales figures
• SUVs were the second top losing bodystyle with 3.45% MoM decline in June compared to May
• Hatchbacks reported a 2.41% decline in MoM comparison in June over May 2023
• Pickups and sedans were the gainers in the MoM comparison with a 6% and 1.53% growth in sales over May, respectively
• Sedans reported a gain of 1.53% in MoM sales comparison

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