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

In this March 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 March 2023 Car Sales Analysis

Brand-Wise March 2023 Car Sales - YoY Change

  • In terms of percentage, Citroen posted the best YoY improvement of 3775% because of the low numbers in March 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India, but it is reaching the numbers of NIssan and likes.
  • Among the high volume carmakers, Mahindra posted the best growth in March YoY comparison, with a 31.37% rise in sales.
  • The biggest loser was Jeep with a 46.58% decline in YoY dispatch numbers in March.
  • Jeep was followed by Renault with a 36.73% decline in YoY numbers.
  • Maruti sales remained unchanged (just an insubstantial drop of 0.82%).

BRAND-WISE MARCH 2023 CAR SALES

YOY CHANGE

Brand

Mar 2023

Mar 2022

Change

% Change

Trend

Citroen

2,015

52

1,963

3775%

Honda

6,692

6,589

103

1.56%

Hyundai

50,600

44,600

6,000

13.45%

Jeep

680

1,273

-593

-46.58%

Kia

21,501

22,622

-1,121

-4.96%

Mahindra

35,976

27,386

8,590

31.37%

Maruti Suzuki

1,32,763

1,33,861

-1,098

-0.82%

MG

6,411

4,721

1,690

35.80%

Nissan

3,260

3,007

253

8.41%

Renault

5,389

8,518

-3,129

-36.73%

Skoda

4,432

5,649

-1,217

-21.54%

Tata

44,047

42,295

1,752

4.14%

Toyota

18,582

17,130

1,452

8.48%

Volkswagen

3,900

3,672

228

6.21%

Brand-Wise March 2023 Car Sales - MoM Change

  • Citroen was the top gaining brand in MoM comparison a well, with a 514% growth in numbers
  • Citroen was followed by MG and Nissan with 53% and 49% growth in sales numbers in March
  • Reanult was the top losing brand with a 18.55% decline in MoM dispatches in March compared to February
  • Reanult was followed by Kia with a 12.6% drop in dispatches in March over February

BRAND-WISE MARCH 2023 CAR SALES

MoM CHANGE

Brand

Mar 2023

Feb 2023

Change

% Change

Trend

Citroen

2,015

328

1,687

514.33%

Honda

6,692

6,086

606

9.96%

Hyundai

50,600

46,968

3,632

7.73%

Jeep

680

719

-39

-5.42%

Kia

21,501

24,600

-3,099

-12.6%

Mahindra

35,976

30,221

5,755

19.04%

Maruti Suzuki

1,32,763

1,47,467

-14,704

-9.97%

MG

6,411

4,193

2,218

52.9%

Nissan

3,260

2,184

1,076

49.27%

Renault

5,389

6,616

-1,227

-18.55%

Skoda

4,432

3,418

1,014

29.67%

Tata

44,047

42,865

1,182

2.76%

Toyota

18,582

15,267

3,315

21.71%

Volkswagen

3,900

3,313

587

17.72%

Car Brands — 6-Month Brand Sales Trend (Oct 2022 - Mar 2023)

BRAND-WISE 6 MONTH SALES TREND

OCT 2022 - MAR 2023

Brand

Oct 2022

Nov 2022

Dec 2022

Jan 2023

Feb 2023

Mar 2023

6 Month Avg

Citroen

1,195

825

932

804

328

2,015

1,017

Honda

9,543

7,051

7,062

7,821

6,086

6,692

7,376

Hyundai

48,001

48,002

38,831

50,106

46,968

50,600

47,085

Jeep

1,136

894

769

685

719

680

814

Kia

23,323

24,025

15,184

28,634

24,600

21,501

22,878

Mahindra

32,226

30,266

28,333

33,040

30,221

35,976

31,677

Maruti Suzuki

1,40,337

1,32,395

1,12,010

1,47,348

1,47,467

1,32,763

1,35,387

MG

4,367

4,079

3,899

4,114

4,193

6,411

4,511

Nissan

3,061

2,400

2,020

2,803

2,184

3,260

2,621

Renault

7,778

6,325

6,126

3,008

6,616

5,389

5,874

Skoda

3,389

4,433

4,789

3,818

3,418

4,432

4,047

Tata

45,220

46,040

40,045

47,990

42,865

44,047

44,368

Toyota

13,143

11,765

10,421

12,728

15,267

18,582

13,651

Volkswagen

3,510

3,570

4,709

2,906

3,313

3,900

3,651

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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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