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

24 April 2023
By Prathu Sharma
0

In this March 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 March 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of 3775% because of the low numbers in March 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India, but it is reaching the numbers of NIssan and likes.
Among the high volume carmakers, Mahindra posted the best growth in March YoY comparison, with a 31.37% rise in sales.
The biggest loser was Jeep with a 46.58% decline in YoY dispatch numbers in March.
Jeep was followed by Renault with a 36.73% decline in YoY numbers.
Maruti sales remained unchanged (just an insubstantial drop of 0.82%).

BRAND-WISE MARCH 2023 CAR SALES YOY CHANGE
Brand	Mar 2023	Mar 2022	Change	% Change	Trend
Citroen	2,015	52	1,963	3775%
Honda	6,692	6,589	103	1.56%
Hyundai	50,600	44,600	6,000	13.45%
Jeep	680	1,273	-593	-46.58%
Kia	21,501	22,622	-1,121	-4.96%
Mahindra	35,976	27,386	8,590	31.37%
Maruti Suzuki	1,32,763	1,33,861	-1,098	-0.82%
MG	6,411	4,721	1,690	35.80%
Nissan	3,260	3,007	253	8.41%
Renault	5,389	8,518	-3,129	-36.73%
Skoda	4,432	5,649	-1,217	-21.54%
Tata	44,047	42,295	1,752	4.14%
Toyota	18,582	17,130	1,452	8.48%
Volkswagen	3,900	3,672	228	6.21%

Brand-Wise March 2023 Car Sales - MoM Change

Citroen was the top gaining brand in MoM comparison a well, with a 514% growth in numbers
Citroen was followed by MG and Nissan with 53% and 49% growth in sales numbers in March
Reanult was the top losing brand with a 18.55% decline in MoM dispatches in March compared to February
Reanult was followed by Kia with a 12.6% drop in dispatches in March over February

BRAND-WISE MARCH 2023 CAR SALES MoM CHANGE
Brand	Mar 2023	Feb 2023	Change	% Change	Trend
Citroen	2,015	328	1,687	514.33%
Honda	6,692	6,086	606	9.96%
Hyundai	50,600	46,968	3,632	7.73%
Jeep	680	719	-39	-5.42%
Kia	21,501	24,600	-3,099	-12.6%
Mahindra	35,976	30,221	5,755	19.04%
Maruti Suzuki	1,32,763	1,47,467	-14,704	-9.97%
MG	6,411	4,193	2,218	52.9%
Nissan	3,260	2,184	1,076	49.27%
Renault	5,389	6,616	-1,227	-18.55%
Skoda	4,432	3,418	1,014	29.67%
Tata	44,047	42,865	1,182	2.76%
Toyota	18,582	15,267	3,315	21.71%
Volkswagen	3,900	3,313	587	17.72%

Car Brands — 6-Month Brand Sales Trend (Oct 2022 - Mar 2023)

BRAND-WISE 6 MONTH SALES TREND OCT 2022 - MAR 2023
Brand	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	6 Month Avg
Citroen	1,195	825	932	804	328	2,015	1,017
Honda	9,543	7,051	7,062	7,821	6,086	6,692	7,376
Hyundai	48,001	48,002	38,831	50,106	46,968	50,600	47,085
Jeep	1,136	894	769	685	719	680	814
Kia	23,323	24,025	15,184	28,634	24,600	21,501	22,878
Mahindra	32,226	30,266	28,333	33,040	30,221	35,976	31,677
Maruti Suzuki	1,40,337	1,32,395	1,12,010	1,47,348	1,47,467	1,32,763	1,35,387
MG	4,367	4,079	3,899	4,114	4,193	6,411	4,511
Nissan	3,061	2,400	2,020	2,803	2,184	3,260	2,621
Renault	7,778	6,325	6,126	3,008	6,616	5,389	5,874
Skoda	3,389	4,433	4,789	3,818	3,418	4,432	4,047
Tata	45,220	46,040	40,045	47,990	42,865	44,047	44,368
Toyota	13,143	11,765	10,421	12,728	15,267	18,582	13,651
Volkswagen	3,510	3,570	4,709	2,906	3,313	3,900	3,651

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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.