October 2022 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

17 November 2022
By Prathu Sharma
0

In this October 2022 cars sales analysis article, we’ll look at the YoY and MoM change in sales figures for each carmaker, segment and body style in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales.

Brand-Wise October 2022 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of 1767% because of the low numbers in October 2021. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
Among the mass volume carmakers, Mahindra posted the best growth in October YoY comparison, with a 60.86% rise in sales.
MG posted the second best YoY growth of around 52%.
The only losers were Nissan, Jeep and Renault with 15.42%, 14% and 12.7% decline in YoY dispatch numbers in October, respectively.
Most brands posted a healthy YoY gain in dispatch numbers
Datsun as a brand stopped producing cars over the past year.

BRAND-WISE OCTOBER 2022 CAR SALES YOY CHANGE
Brand	Oct 2022	Oct 2021	Change	% Change
Citroen	1,195	64	1,131	1767.19%
Datsun	0	294	-294	-100%
Honda	9,543	8,108	1,435	17.7%
Hyundai	48,001	37,021	10,980	29.66%
Jeep	1,136	1,324	-188	-14.2%
Kia	23,323	16,331	6,992	42.81%
Mahindra	32,226	20,034	12,192	60.86%
Maruti Suzuki	1,40,337	1,08,991	31,346	28.76%
MG	4,367	2,863	1,504	52.53%
Nissan	3,061	3,619	-558	-15.42%
Renault	7,778	8,910	-1,132	-12.7%
Skoda	3,389	3,065	324	10.57%
Tata	45,220	33,926	11,294	33.29%
Toyota	13,143	12,440	703	5.65%
Volkswagen	3,510	3,077	433	14.07%

Brand-Wise October 2022 Car Sales - MoM Change

In terms of MoM change, 10 out of 14 brands saw a decline in sales in October over September 2022. The remaining 4 saw a growth or remained fairly consistent in dispatch numbers as the previous month.
Toyota were the top loser with a 17% lower MoM dispatch figure.
MG were the top MoM gainer, with a 13% growth.

BRAND-WISE OCTOBER 2022 CAR SALES MoM CHANGE
Brand	Oct 2022	Sep 2022	Change	% Change
Citroen	1,195	1,386	-191	-15.98%
Honda	9,543	8,714	829	8.69%
Hyundai	48,001	49,700	-1,699	-3.54%
Jeep	1,136	1,116	20	1.76%
Kia	23,323	25,857	-2,534	-10.86%
Mahindra	32,226	34,010	-1,784	-5.54%
Maruti Suzuki	1,40,337	1,48,380	-8,043	-5.73%
MG	4,367	3,808	559	12.8%
Nissan	3,061	3,177	-116	-3.79%
Renault	7,778	7,623	155	1.99%
Skoda	3,389	3,543	-154	-4.54%
Tata	45,220	47,655	-2,435	-5.38%
Toyota	13,143	15,378	-2,235	-17.01%
Volkswagen	3,510	4,103	-593	-16.89%

Segment-Wise October 2022 Car Sales - YoY Change

In terms of YoY change, the B1-segment was the biggest gainer for the second month, posting a YoY growth of 61%. The B1-segment was followed by the D1-segment, with a YoY growth of 47.52% in October 2022
In terms of YoY comparison, all segments witnessed growth except the A-segment, which remained consistent with the previous month.

SEGMENT-WISE OCTOBER 2022 CAR SALES YOY CHANGE
S.No.	Segment	Oct 2022	Oct 2021	Change	% Change
1	A	39,987	40,031	-44	-0.11%
2	B1	66,943	41,590	25,353	60.96%
3	B2	1,29,873	1,02,573	27,300	26.62%
4	C	64,018	51,129	12,889	25.21%
5	D1	32,088	21,751	10,337	47.52%
6	D2	3,320	2,993	327	10.93%

Segment-Wise October 2022 Car Sales - MoM Change

In term of MoM comparison for the month of October, 4 of the 6 segments saw a decline in their sales figures
Amongst the falling segments, D2-segment sales dropped by 25.56%, followed by A-segment with 19.48% fall, 16% fall for D1-segment and 5.38% fall for the B2-segment in October MoM comparison
The C-segment saw a gain of 9.61% in terms of MoM change and was the top-gaining segment. B1-segment saw 0.72% gain in October MoM comparison analysis

SEGMENT-WISE OCTOBER 2022 CAR SALES MOM CHANGE
S.No.	Segment	Oct 2022	Sep 2022	Change	% Change
1	A	39,987	49,662	-9,675	-19.48%
2	B1	66,943	66,462	481	0.72%
3	B2	1,29,873	1,37,262	-7,389	-5.38%
4	C	64,018	58,404	5,614	9.61%
5	D1	32,088	38,200	-6,112	-16%
6	D2	3,320	4,460	-1,140	-25.56%

Body-Wise October 2022 Car Sales - YoY Change

Sedans witnessed the biggest YoY growth of roughly 56% in October 2022 compared to October 2021
The SUV was the best-selling body style in India. It was closely followed by hatchbacks
All body-styles’ sales were up in the past year, starting October 2021, except MPVs, which saw a decline of 6.27%

BODY-WISE OCTOBER 2022 CAR SALES YOY CHANGE
S.No.	Body Style	Oct 2022	Oct 2021	Change	% Change
1	Hatch	1,20,784	91,244	29,540	32.37%
2	Sedan	36,100	23,127	12,973	56.09%
3	SUV	1,44,412	1,08,508	35,904	33.09%
4	MPV	34,858	37,188	-2,330	-6.27%
5	Pickup	75	0	75	-

Body-Wise October 2022 Car Sales - MoM Change

In the MoM comparison for October 2022, only sedans witnessed any growth in sales with an increase of 15.13%.
MPVs were the biggest losers with 15.07% decrease in sales.
Pickups are not a popular body-style among Indian buyers and it is evident from the numbers. Only 2 pickups were sold in the month of September whereas 75 units were sold in October to record a gain of 3650% increase in sales.

BODY-WISE OCTOBER 2022 CAR SALES MOM CHANGE
S.No.	Body Style	Oct 2022	Sep 2022	Change	% Change
1	Hatch	1,20,784	1,27,193	-6,409	-5.04%
2	Sedan	36,100	31,357	4,743	15.13%
3	SUV	1,44,412	1,54,856	-10,444	-6.74%
4	MPV	34,858	41,042	-6,184	-15.07%
5	Pickup	75	2	73	3650%

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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.