January 2023 Car Sales Analysis - Brand-Wise YoY, MoM Change, 6-Month Trend | V3Cars

In this January 2023 car sales analysis article, we’ll look at the manufacturer-wise sales figures along with the YoY and MoM change for each carmaker in India. We’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales where applicable. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of car sales for all manufacturers.

Brand-Wise January 2023 Car Sales Analysis

Brand-Wise January 2023 Car Sales - YoY Change

  • In terms of percentage, Citroen posted the best YoY improvement of over 1,900% because of the low numbers in January 2022. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
  • Among the mass volume carmakers, Toyota posted the best growth in January YoY comparison, with a near-74% rise in sales.
  • Mahindra posted the second best YoY growth of around 66%.
  • The biggest losers were Renault and Nissan with 63% and 29.5% decline, respectively, in YoY dispatch numbers in January.
  • Honda sales dropped by about 25% in January 2023 compared to January 2022.

BRAND-WISE JANUARY 2023 CAR SALES

YOY CHANGE

Brand

Jan 2023

Jan 2022

Change

% Change

Trend

Citroen

804

40

764

1910%

Datsun

0

273

-273

-

-

Honda

7,821

10,427

-2,606

-24.99%

Hyundai

50,106

44,022

6,084

13.82%

Jeep

685

861

-176

-20.44%

Kia

28,634

19,319

9,315

48.22%

Mahindra

33,040

19,860

13,180

66.36%

Maruti Suzuki

1,47,348

1,28,924

18,424

14.29%

MG

4,114

4,306

-192

-4.46%

Nissan

2,803

3,977

-1,174

-29.52%

Renault

3,008

8,119

-5,111

-62.95%

Skoda

3,818

3,009

809

26.89%

Tata

47,990

40,780

7,210

17.68%

Toyota

12,728

7,328

5,400

73.69%

Volkswagen

2,906

3,523

-617

-17.51%

Brand-Wise January 2023 Car Sales - MoM Change

  • In terms of MoM change, most brands saw an increase in dispatches in January over December. 
  • The 5 brands that saw a decline in dispatch numbers as the previous month are — Citroen, Jeep, Renault, Skoda and Volkswagen.
  • Speaking of losers, the top losing brand in terms of MoM comparison for the month of January was Renault with a 103% decline in dispatches, followed by Volkswagen with 62% MoM decline.
  • Kia was the top gaining brand with 47% growth in MoM dispatches in January compared to December.
  • Kia was followed by Nissan with a 28% decline in dispatches in January over December.

BRAND-WISE JANUARY 2023 CAR SALES

MoM CHANGE

Brand

Jan 2023

Dec 2022

Change

% Change

Trend

Citroen

804

932

-128

-15.92%

Honda

7,821

7,062

759

9.7%

Hyundai

50,106

38,831

11,275

22.5%

Jeep

685

769

-84

-12.26%

Kia

28,634

15,184

13,450

46.97%

Mahindra

33,040

28,333

4,707

14.25%

Maruti Suzuki

1,47,348

1,12,010

35,338

23.98%

MG

4,114

3,899

215

5.23%

Nissan

2,803

2,020

783

27.93%

Renault

3,008

6,126

-3,118

-103.66%

Skoda

3,818

4,789

-971

-25.43%

Tata

47,990

40,045

7,945

16.56%

Toyota

12,728

10,421

2,307

18.13%

Volkswagen

2,906

4,709

-1,803

-62.04%

Car Brands — 6-Month Brand Sales Trend (Aug 2022 - Jan 2023)

BRAND-WISE 6 MONTH SALES TREND

AUG 2022 - JAN 2023

BRAND

Aug 2022

Sep 2022

Oct 2022

Nov 2022

Dec 2022

Jan 2023

6 Month Avg

Citroen

850

1,386

1,195

825

932

804

999

Honda

7,769

8,714

9,543

7,051

7,062

7,821

7,993

Hyundai

49,510

49,700

48,001

48,002

38,831

50,106

47,358

Jeep

1,321

1,116

1,136

894

769

685

987

Kia

22,322

25,857

23,323

24,025

15,184

28,634

23,224

Mahindra

29,615

34,010

32,226

30,266

28,333

33,040

31,248

Maruti Suzuki

1,34,166

1,48,380

1,40,337

1,32,395

1,12,010

1,47,348

1,35,773

MG

3,823

3,808

4,367

4,079

3,899

4,114

4,015

Nissan

3,283

3,177

3,061

2,400

2,020

2,803

2,791

Renault

7,012

7,623

7,778

6,325

6,126

3,008

6,312

Skoda

4,222

3,543

3,389

4,433

4,789

3,818

4,032

Tata

47,170

47,655

45,220

46,040

40,045

47,990

45,687

Toyota

14,959

15,378

13,143

11,765

10,421

12,728

13,066

Volkswagen

2,057

4,103

3,510

3,570

4,709

2,906

3,476

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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.

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