Published : 16 June 2023
Read Time : 5 min
Author: Prathu Sharma
In this May 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 May 2023 Car Sales - YoY Change
- In terms of percentage, Citroen posted the best YoY improvement of 3258% because of the low numbers in May 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
- Among the high volume carmakers, Toyota posted the best growth in May YoY comparison, with a 89.69% rise in sales.
- Toyota was followed by Mahindra which posted a 23.39% YoY growth.
- The biggest loser was Honda with a 43% decline in YoY dispatch numbers in May.
- Honda was followed by Skoda and then Jeep with a 23% and 21% decline, respectively, in YoY numbers.
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Brand-Wise May 2023 Car Sales - MoM Change
- Toyota was the top gaining brand in MoM comparison, with a 36.84% growth in numbers. The other gainers in May MoM comparison were Jeep with 31.54% MoM growth and MG with 10% MoM growth in May.
- Speaking of the losers, Citroen and Kia were the top losing brands with about a 20% decline in MoM dispatches in May compared to April. It is to be noted Citroen was the consistent top gainer in the MoM comparison till March.
- The other notable losers in the MoM comparison were:
- Honda with 12.29% drop
- Skoda with 11.52% drop
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Car Brands — 6-Month Brand Sales Trend (Dec 2022 - May 2023)
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