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

In this April 2023 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.

April 2023 Full Sales Analysis

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

YOY CHANGE

Brand

Apr 2023

Apr 2022

Change

% Change

Trend

Citroen

1,003

51

952

1866.67%

Honda

5,313

7,874

-2,561

-32.52%

Hyundai

49,701

44,001

5,700

12.95%

Jeep

558

886

-328

-37.02%

Kia

23,216

19,019

4,197

22.07%

Mahindra

34,694

22,169

12,525

56.50%

Maruti Suzuki

1,37,338

1,21,995

15,343

12.58%

MG

4,551

2,008

2,543

126.64%

Nissan

2,617

2,110

507

24.03%

Renault

4,323

7,594

-3,271

-43.07%

Skoda

4,009

5,152

-1,143

-22.19%

Tata

47,010

41,590

5,420

13.03%

Toyota

14,162

15,085

-923

-6.12%

Volkswagen

3,032

3,547

-515

-14.52%

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

BRAND-WISE APRIL 2023 CAR SALES

MoM CHANGE

Brand

Apr 2023

Mar 2023

Change

% Change

Trend

Citroen

1,003

2,015

-1,012

-50.22%

Honda

5,313

6,692

-1,379

-20.61%

Hyundai

49,701

50,600

-899

-1.78%

Jeep

558

680

-122

-17.94%

Kia

23,216

21,501

1,715

7.98%

Mahindra

34,694

35,976

-1,282

-3.56%

Maruti Suzuki

1,37,338

1,32,763

4,575

3.45%

MG

4,551

6,411

-1,860

-29.01%

Nissan

2,617

3,260

-643

-19.72%

Renault

4,323

5,389

-1,066

-19.78%

Skoda

4,009

4,432

-423

-9.54%

Tata

47,010

44,047

2,963

6.73%

Toyota

14,162

18,582

-4,420

-23.79%

Volkswagen

3,032

3,900

-868

-22.26%

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

YOY CHANGE

S.No.

Segment

Apr 2023

Apr 2022

Change

% Change

Trend

1

A

30,586

39,216

-8,630

-22.01%

2

B1

69,974

54,796

15,178

27.70%

3

B2

1,35,606

1,12,194

23,412

20.87%

4

C1

42,138

43,741

-1,603

-3.66%

5

C2

24,288

22,654

1,634

7.21%

6

D1

25,185

17,357

7,828

45.10%

7

D2

3,750

3,123

627

20.08%

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.

SEGMENT-WISE APRIL 2023 CAR SALES

MOM CHANGE

S.No.

Segment

Apr 2023

Mar 2023

Change

% Change

Trend

1

A

30,586

29,506

1,080

3.66%

2

B1

69,974

65,188

4,786

7.34%

3

B2

1,35,606

1,34,480

1,126

0.84%

4

C1

42,138

49,414

-7,276