March 2023 Car Sales Analysis - Segment-Wise YoY, MoM Change, 6-Month Trend | V3Cars
In this March 2023 cars sale analysis article, we’ll look at the segment-wise sales figures along with the YoY and MoM change for each carmaker 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. Lastly, the table with monthly sales of all body styles for the last 6 months will give you an idea about their 6-month sales trend.

Segment-Wise March 2023 Car Sales - YoY Change
- In terms of YoY change, the C-segment was the biggest gainer, posting a YoY growth of 24%
- The C-segment was followed by the D2-segment, with a YoY growth of 16.22% in March 2023
- The D1-segment witnessed a YoY growth of 10.43% in our March 2023 comparison analysis
- A and B1-segments reported a decline in YoY comparison in March. A-segment reported a drop of 18.29% in March whereas B1-segment reported a decline of 2.63% on the YoY comparison
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Segment-Wise March 2023 Car Sales - MoM Change
- In terms of MoM comparison for the month of March, all segments, except C and D1-segment, witnessed a decrease in their sales figures in comparison to sales in February
- D1-segment reported an MoM increase of 34.85% and C-segment cars reported a 22.12% growth.
- The A-segment reported a MoM decline of 25.19% and was the top losing segment in March MoM comparison
- The B-segment reported an average decline of 4.62%
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Segment-Wise — 6-Month Sales Trend (Oct 2022 - Mar 2023)
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