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

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 - 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

Segment-Wise March 2023 Car Sales - YoY Change

• In terms of YoY change, the C-segment was the biggest gainer, posting a YoY growth of 24%
• The C-segment was followed by the D2-segment, with a YoY growth of 16.22% in March 2023
• The D1-segment witnessed a YoY growth of 10.43% in our March 2023 comparison analysis
• A and B1-segments reported a decline in YoY comparison in March. A-segment reported a drop of 18.29% in March whereas B1-segment reported a decline of 2.63% on the YoY comparison

Segment-Wise March 2023 Car Sales - MoM Change

• In terms of MoM comparison for the month of March, all segments, except C and D1-segment, witnessed a decrease in their sales figures in comparison to sales in February
• D1-segment reported an MoM increase of 34.85% and C-segment cars reported a 22.12% growth.
• The A-segment reported a MoM decline of 25.19% and was the top losing segment in March MoM comparison
• The B-segment reported an average decline of 4.62%

Body-Wise March 2023 Car Sales - YoY Change

• SUVs witnessed the biggest YoY growth of 20.35% in March 2023 compared to March 2022
• The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 8.64% decline in sales in March 2023 compared to March 2022
• MPVs saw a 5.72% growth in sales in March YoY comparison analysis
• Sedans also saw a 4.33% decline in sales in March

Body-Wise March 2023 Car Sales - MoM Change

• Hatchbacks were the top loser by reporting a 16% decline in MoM comparison to February sales figures
• Hatchbacks were followed by sedans with a 3.15% drop in dispatches in March compared to February
• Pickups are not a popular body-style among Indian buyers and it is evident from the numbers, although they saw substantial growth in MoM and YoY comparisons for March.
• Among the winners, MPVs were the top gaining bodystyle with over 40,000 units sold in March, compared to almost 35,000 in February, witnessing a rise of just over 18% in monthly sales
• SUVs reported a growth of 11.25% in MoM sales comparison

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