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October 2023 Car Sales Analysis – 20 Top-Selling Cars | V3Cars

In this October 2023 cars sales analysis article, we’ll look at the YoY and MoM change for the 20 top-selling cars of October 2023. Using this data, we will also provide our observations and insights on the reasons for significant improvements or declines in sales, where relevant.

Car Sales Analysis - 20 Top Selling Cars

October 2023 - 20 Top-Selling Cars YoY Change

  • Maruti Suzuki continues to dominate the market with 3 of its models (WagonR, Swift, and Baleno) securing the top spots in terms of sales. The WagonR and Swift saw healthy YoY growth (23.04% and 19.45%, respectively), maintaining their popularity.
  • Tata Nexon (with 22.66% growth) and Tata Punch (with 39.47% growth) experienced substantial YoY growth, indicating a positive trend for Tata Motors. These models have gained traction in the market, reflecting the success of Tata's recent offerings.
  • While Baleno from Maruti Nexa saw a slight decline in sales (−3.24%), the Grand Vitara showed strong YoY growth. The performance of Fronx is notable, securing a significant position in the top 20 despite not having a comparison from the previous year as it was launched earlier this year.
  • Models like Brezza, Scorpio N + Classic, Creta, Seltos, Venue, and XUV700 all experienced positive YoY growth. This trend suggests that SUVs continue to be  popular among consumers.
  • Mahindra's Scorpio N, Scorpio Classic, Bolero/Bolero Neo, and XUV700 all demonstrated strong YoY growth, showcasing the success of Mahindra's SUV lineup.
  • Toyota's Innova Crysta/HyCross showed a remarkable YoY growth of 118.86%, positioning it as the top-gaining model in October 2023.
  • Hyundai's Creta and Venue secured positions in the top 20, with both models experiencing positive YoY growth. The introduction of the Exter also contributed to Hyundai's growth.
  • The Maruti Suzuki Alto K10 faced a significant YoY decline of −47.32%, suggesting challenges for this particular model in the market.

20 TOP-SELLING CARS - OCTOBER 2023

YoY CHANGE

S.No.

Brand

Model

Oct 2023

Oct 2022

Change

%Change

Trend

1

Maruti Suzuki

WagonR

22,080

17,945

4,135

23.04

2

Maruti Suzuki

Swift

20,598

17,231

3,367

19.54

3

Tata

Nexon

16,887

13,767

3,120

22.66

4

Maruti Nexa

Baleno

16,594

17,149

-555

-3.24

5

Maruti Suzuki

Brezza

16,050

9,941

6,109

61.45

6

Tata

Punch

15,317

10,982

4,335

39.47

7

Maruti Suzuki

Dzire

14,699

12,321

2,378

19.30

8

Maruti Suzuki

Ertiga

14,209

10,494

3,715

35.40

9

Mahindra

Scorpio N + Classic

13,578

7,438

6,140

82.55

10

Hyundai

Creta

13,077

11,880

1,197

10.08

11

Maruti Suzuki

Eeco

12,975

8,861

4,114

46.43

12

Kia

Seltos

12,362

9,777

2,585

26.44

13

Hyundai

Venue

11,581

9,585

1,996

20.82

14

Maruti Nexa

Fronx

11,357

-

11,357

-

-

15

Maruti Suzuki

Alto K10

11,200

21,260

-10,060

-47.32

16

Maruti Nexa

Grand Vitara

10,834

8,052

2,782

34.55

17

Mahindra

Bolero + Neo

9,647

8,772

875

9.97

18

Mahindra

XUV700

9,297

5,815

3,482

59.88

19

Toyota

Innova Crysta/HyCross

8,183

3,739

4,444

118.86

20

Hyundai

Exter

8,097

-

8,097

-

-

Oct 2023 - 20 Top-Selling Cars MoM Change

  • Top Gainers:
    • Maruti Suzuki Alto K10: The Maruti Suzuki Alto K10 showed a significant MoM growth of 43.76%, indicating increased demand for this model in October 2023.
    • Maruti Suzuki Swift: The Maruti Suzuki Swift had a robust MoM growth of 40.09%, suggesting sustained popularity and strong consumer interest.
    • Maruti Suzuki WagonR: The Maruti Suzuki WagonR saw a substantial MoM increase of 35.88%, maintaining its position as one of the top-selling cars.
    • Tata Punch: The Tata Punch recorded a notable MoM growth of 17.5%, indicating positive consumer response to this model.
    • Kia Seltos: The Kia Seltos experienced a significant MoM increase of 17.09%, showcasing continued demand for this SUV.
    • Maruti Suzuki Eeco: The Maruti Suzuki Eeco had a strong MoM growth of 16.4%, indicating sustained popularity in the market.
  • Top Losers:
    • Maruti Nexa Grand Vitara: The Maruti Nexa Grand Vitara faced a MoM decline of -7.69%, suggesting a decrease in sales compared to the previous month.
    • Hyundai Venue: The Hyundai Venue experienced a MoM decrease of -5.1%, indicating some fluctuations in demand for this model.
    • Hyundai Exter: The Hyundai Exter saw a MoM decline of -6.36%, suggesting a decrease in sales compared to the previous month.
    • Maruti Nexa Fronx: The Maruti Nexa Fronx faced a modest MoM decline of -0.86%, indicating slight fluctuations in sales.
    • Toyota Innova Crysta/HyCross: The Toyota Innova Crysta/HyCross recorded a MoM decline of -8.06%, suggesting a decrease in demand for this model.

20 TOP-SELLING CARS - OCTOBER 2023

MoM CHANGE

S.No.

Brand

Model

Oct 2023

Sep 2023

Change

%Change

Trend

1

Maruti Suzuki

WagonR

22,080

16,250

5,830

35.88%

2

Maruti Suzuki

Swift

20,598

14,703

5,895

40.09%

3

Tata

Nexon

16,887

15,325

1,562

10.19%

4

Maruti Nexa

Baleno

16,594

18,417

-1,823

-9.90%

5

Maruti Suzuki

Brezza

16,050

15,001

1,049

6.99%

6

Tata

Punch

15,317

13,036

2,281

17.50%

7

Maruti Suzuki

Dzire

14,699

13,880

819

5.90%

8

Maruti Suzuki

Ertiga

14,209

13,528

681

5.03%

9

Mahindra

Scorpio N + Classic

13,578

11,846

1,732

14.62%

10

Hyundai

Creta

13,077

12,717

360

2.83%

11

Maruti Suzuki

Eeco

12,975

11,147

1,828

16.40%

12

Kia

Seltos

12,362

10,558

1,804

17.09%

13

Hyundai

Venue

11,581

12,204

-623

-5.10%

14

Maruti Nexa

Fronx

11,357

11,455

-98

-0.86%

15

Maruti Suzuki

Alto K10

11,200

7,791

3,409

43.76%

16

Maruti Nexa

Grand Vitara

10,834

11,736

-902

-7.69%

17

Mahindra

Bolero + Neo

9,647

9,519

128

1.34%

18

Mahindra

XUV700

9,297

8,555

742

8.67%

19

Toyota

Innova Crysta/HyCross

8,183

8,900

-717

-8.06%

20

Hyundai

Exter

8,097

8,647

-550

-6.36%

Note: If You Want to Buy a New Car, Calculate Car Loan EMI with V3Cars

Top 20 Sellings Cars— 6-Month Sales Trend (May 2023 - Oct 2023)

Top 20 Selling Cars | Monthly Sales Trend

Brand

Model

May 2023

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Oct 2023

6 Month Avg

Maruti Suzuki

WagonR

16,258

17,481

12,970

15,578

16,250

22,080

16,770

Maruti Suzuki

Swift

17,346

15,955

17,896

18,653

14,703

20,598

17,525

Tata

Nexon

14,423

13,827

12,349

8,049

15,325

16,887

13,477

Maruti Nexa

Baleno

18,733

14,077

16,725

18,516

18,417

16,594

17,177

Maruti Suzuki

Brezza

13,398

10,578

16,543

14,572

15,001

16,050

14,357

Tata

Punch

11,124

10,990

12,019

14,523

13,036

15,317

12,835

Maruti Suzuki

Dzire

11,315

9,322

13,395

13,293

13,880

14,699

12,651

Maruti Suzuki

Ertiga

10,528

8,422

14,352

12,315

13,528

14,209

12,226

Mahindra

Scorpio N + Classic

9,318

8,648

10,522

9,898

11,846

13,578

10,635

Hyundai

Creta

14,449

14,447

14,062

13,832

12,717

13,077

13,764

Maruti Suzuki

Eeco

12,818

9,354

12,037

11,859

11,147

12,975

11,698

Kia

Seltos

4,065

3,578

9,740

10,698

10,558

12,362

8,500

Hyundai

Venue

10,213

11,606

10,062

10,948

12,204

11,581

11,102

Maruti Nexa

Fronx

9,863

7,991

13,220

12,164

11,455

11,357

11,008

Maruti Suzuki

Alto K10

9,368

11,323

7,099

9,603

7,791

11,200

9,397

Maruti Nexa

Grand Vitara

8,877

10,486

9,079

11,818

11,736

10,834

10,472

Mahindra

Bolero + Neo

8,170

8,686

8,921

9,092

9,519

9,647

9,006

Mahindra

XUV700

5,245

5,391

6,176

6,512

8,555

9,297

6,863

Toyota

Innova Crysta/HyCross

7,776

8,361

8,935

8,666

8,900

8,183

8,470

Hyundai

Exter

-

-

7,000

7,430

8,647

8,097

7,794

Note: Calculate Car Fuel Cost with V3Cars for India and Other Countries

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.

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