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

Brand-Wise April 2023 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of 1867% because of the low numbers in April 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
• Among the high volume carmakers, MG posted the best growth in April YoY comparison, with a 126% rise in sales.
• MG was followed by Mahindra which posted a 56% YoY growth.
• The biggest loser was Renault with a 43% decline in YoY dispatch numbers in April.
• Renault was followed by Jeep and then Honda with a 37% and 32.52% decline, respectively,  in YoY numbers.

Brand-Wise April 2023 Car Sales - MoM Change

• Most car brands operating in the Indian market reported an MoM decline in the month of April compared to that of March. Out of 14 mass-market brands listed here, only 3 brands reported some MoM growth in April.
• Kia was the top gaining brand in MoM comparison, with a 7.98% growth in numbers. The other gainers in April MoM comparison were Tata with 6.73% MoM growth and Maruti Suzuki with 3.45% MoM growth in April.
• Speaking of the losers, Citroen was the top losing brand with over 50% decline in MoM dispatches in April compared to March. It is to be noted Citroen was the consistent top gainer in the MoM comparison till March.
• Citroen was followed by MG with a 29% drop in dispatches in April over March. The other notable losers in the MoM comparison were:
  • Toyota with 23.79% drop
  • Volkswagen with 22.26% drop
  • Honda with 20% drop
  • Nissan and Renault with 20% drop
  • Jeep with 7.98% drop

Segment-Wise April 2023 Car Sales - YoY Change

• In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of 45%
• The D1-segment was followed by the B1-segment, with a YoY growth of 27.70% in April 2023
• The B2 and D2-segment witnessed a YoY growth of 20% in our April 2023 comparison analysis
• A and C1-segments reported a decline in YoY comparison in April. A-segment reported a drop of 22% in April whereas C1-segment reported a decline of 3.66% on the YoY comparison

Segment-Wise April 2023 Car Sales - MoM Change

• Out of 7, C1, D1 and D2-segments reported a decline in MoM comparison analysis.
• C1-segment reported a 14.72% MoM decline in April, whereas D1-segment witnessed 13.30% MoM drop. The D2-segment saw a drop of 16.14% decline in the April MoM comparison analysis.
• A-segment reported an MoM increase of 3.66%.
• The B1-segment cars reported a 7.34% growth and was the top gaining segment in the April MoM comparison analysis. The B2-segment reported a MoM growth of 0.84%.
• The C2-segment reported a decline of 0.61% in the April MoM comparison analysis.

Body-Wise April 2023 Car Sales - YoY Change

• SUVs witnessed the biggest YoY growth of 30% in April 2023 compared to April 2022
• The SUV was the best-selling bodystyle in India. It was followed by hatchbacks, which saw a 14.29% growth in sales in April 2023 compared to April 2022
• Sedans also saw a 8.30% growth in sales in April
• MPVs saw a 30.37% decline in sales in April YoY comparison analysis

Body-Wise April 2023 Car Sales - MoM Change

• Hatchbacks were the top gainer by reporting a 8.31% decline in MoM comparison to March sales figures
• Pickups were the other gainers in the comparison with a 20.63% growth in sales over March. Although, percentage-wise, pick-ups were the top-gainers, but since they make up for a very low portion of the overall monthly sales, their percentages do not give a fair picture of the market situation when compared to others.
• Among the losers, MPVs were the top losing bodystyle with over 20% MoM decline in April, compared to March
• Sedans reported a drop of 6.76% in MoM sales comparison, whereas SUVs reported a 1.62% decline.

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