October 2023 Maruti Suzuki, Nexa Car Sales Analysis – YoY, MoM Change, 6-Month Trend | V3Cars

October 2023 - Maruti Suzuki Arena & Nexa Car Sales Figures - YoY Change

• Top Gainers:
  • XL6 stands out as the top gainer with an impressive YoY growth of 75.81%, indicating a significant increase in demand for this MPV model compared to October 2022.
  • Brezza emerges as a strong gainer with a substantial YoY growth of 61.45%, showcasing increased popularity in the SUV segment.
  • Ertiga demonstrates robust growth of 35.40% YoY, indicating sustained demand for this MPV model.
  • Grand Vitara shows strong YoY growth of 34.55%, suggesting an uptick in demand for this SUV model.
• Top Losers:
  • Alto K10 experienced a significant decline with a YoY change of -47.32%, indicating a notable decrease in sales compared to October 2022.
  • Ignis faced a substantial YoY decline of -49.95%, suggesting decreased interest in this hatchback model.
  • Ciaz registered the highest YoY decline of -63.11%, indicating a significant drop in sales for this sedan model.
• Observations:
  • SUVs Showcase Strength:
  • SUV models, including Brezza and Grand Vitara, emerged as top gainers, highlighting the continued popularity of SUVs in the market.
  • MPV Segment Growth:
  • MPV models like Eeco and Ertiga demonstrated substantial YoY growth, suggesting an increased preference for multi-purpose vehicles among consumers.
  • Hatchback Challenges:
  • Hatchback models, represented by Alto K10 and Ignis, faced notable YoY declines, indicating potential challenges in the hatchback segment.
  • Segment-Specific Trends:
  • The data reflects segment-specific trends, with certain segments experiencing growth while others faced declines. Understanding these trends can help in strategic decision-making for manufacturers.

Also Read: June 2023 - Maruti Nexa Jimny Petrol Variants Explained - Which One To Buy?

October 2023 - Maruti Suzuki Arena & Nexa Car Sales Figures - MoM Change

• Top Gainers:
  • Alto K10 emerges as the top gainer with a substantial MoM growth of 43.76%, indicating a significant increase in sales compared to September 2023.
  • Swift follows closely as the second top gainer with a robust MoM growth of 40.09%, showcasing strong demand in the hatchback segment.
  • WagonR recorded notable MoM growth of 35.88% suggesting increased popularity and improved sales performance in October 2023.
• Top Losers:
  • Ciaz stands out as a top loser with a MoM drop of 53.39%, indicating in dropping demand for the sedan from Maruti which hasn’t received any major updates or facelifts in past couple years, while the rival brands have been introducing and updating their portfolio in the segment, making the car stale in the market.
  • Jimny experienced a notable MoM decline of 30.14%, suggesting a lackluster demand for the off-roader from Maruti which came to rival the likes of Thar in capability and pricing.
• Hatchback models, including Swift, WagonR, and Alto K10, emerged as top gainers, showcasing the continued popularity and strong demand for hatchbacks in October 2023.

Also read: May 2023 - Maruti Nexa Baleno Petrol, CNG Variants Explained - Which One To Buy? 

Maruti Suzuki Arena & Nexa — 6-Month Sales Trend (May 2023 - Oct 2023)

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