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October 2023 Cars Sales Analysis - Hatchback YoY, MoM Change, 6-Month Trend | V3Cars

In this October 2023 car sales analysis article, we’ll look at the YoY and MoM change in sales figures of all hatchbacks 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 hatchbacks for the last 6 months will give you an idea about their 6-month sales trend.

Hatchback October 2023 Sales Analysis

Hatchbacks Segment October 2023 Car Sales - YoY Change

  • Top Gainers:
    • Maruti Suzuki WagonR (B1 segment): WagonR is a gainer with a significant YoY change of 23.04%. This suggests a strong increase in demand for the WagonR model, possibly due to its reputation, ongoing popularity, or recent updates.
    • Maruti Suzuki Swift (B1 segment): Swift follows closely with a substantial YoY increase of 19.54%. This indicates continued success for the Swift model, potentially driven by factors such as its design, features, or competitive pricing.
    • Tata Altroz (B2 segment):  Altroz is the top gainer with a significant YoY change of 25.45%. This suggests a strong increase in demand for the Altroz model, possibly due to its reputation, ongoing popularity, or recent updates.
  • Top Losers:
    • Honda Jazz (B2 segment): Jazz faced a significant decline with a YoY change of -100.00%, indicating challenges or changes in the market dynamics for the Honda Jazz model.
    • Maruti Nexa Ignis (B1 segment): Ignis from Maruti Nexa also faced a substantial decline with a YoY change of 49.95%. This drop suggests challenges or shifts in consumer preferences for the Ignis model.
    • Renault Kwid (A segment): Kwid faced a notable YoY decrease of 54.12%, making it the top losing car in the category.
  • Other Observations:
    • Segment Dynamics: The hatchback segment shows varied performance, with models experiencing both gains and losses. The success of models like WagonR and Swift highlights the continued demand for well-established hatchbacks.
    • Electric Hatchback Entry: MG Comet EV made its entry with 1,036 units sold in October 2023. This electric hatchback contributes to the evolving landscape of hatchbacks and the growing interest in electric vehicles.
    • Competitive Market: The presence of multiple brands and models in the hatchback segment indicates a competitive market, with consumer choices influenced by factors such as design, features, and brand reputation.
  • In summary, the analysis underscores the success of WagonR, Swift, and Altroz as top gainers in the hatchback segment, while also highlighting challenges faced by Jazz, Ignis, and Kwid. The introduction of an electric hatchback further reflects the changing trends in the automotive industry.

HATCHBACKS OCTOBER 2023 CAR SALES

YOY CHANGE

S.No.

Brand

Model

Segment

Oct 2023

Oct 2022

Change

%Change

Trend

1

Maruti Suzuki

WagonR

B1

22,080

17,945

4,135

23.04%

2

Maruti Suzuki

Swift

B1

20,598

17,231

3,367

19.54%

3

Maruti Nexa

Baleno

B2

16,594

17,149

-555

-3.24%

4

Maruti Suzuki

Alto K10

A

11,200

21,260

-10,060

-47.32%

5

Hyundai

i20

B2

7,212

7,814

-602

-7.70%

6

Hyundai

Grand i10 Nios

B1

6,552

8,855

-2,303

-26.01%

7

Tata

Altroz

B2

5,984

4,770

1,214

25.45%

8

Tata

Tiago

B1

5,356

7,187

-1,831

-25.48%

9

Toyota

Glanza

B2

4,724

3,767

957

25.40%

10

Maruti Suzuki

Celerio

A

4,317

4,296

21

0.49%

11

Maruti Suzuki

S-Presso

A

3,368

3,676

-308

-8.38%

12

Maruti Nexa

Ignis

B1

2,374

4,743

-2,369

-49.95%

13

MG

Comet EV

A

1,036

-

1,036

-

-

14

Renault

Kwid

A

869

1,894

-1,025

-54.12%

15

Hyundai

Ioniq 5

C2

117

-

117

-

-

16

Honda

Jazz

B2

-

197

-197

-100.00%

Hatchback Segment October 2023 Car Sales - MoM Change

  • Top Gainers:
    • Maruti Suzuki Swift (B1 segment): Swift follows closely with a robust MoM increase of 40.09%. The Swift model continues to be popular, and this significant growth suggests ongoing consumer interest and positive market reception.
    • Maruti Suzuki Alto K10 (A segment): Alto K10 experienced a noteworthy MoM increase of 43.76%, emerging as the top gainer. This indicates a considerable rise in demand for the Alto K10 model, potentially driven by factors like affordability, fuel efficiency, and reputation as a reliable workhorse.
    • Maruti Suzuki WagonR (B1 segment): The notable Month-over-Month change of 35.88% for WagonR signifies a substantial surge in demand for the WagonR model.
  • Top Losers:
    • Hyundai Ioniq 5 (C2 segment): Ioniq 5 faced a notable decline with a MoM change of 33.52%. This decrease suggests challenges or changes in demand for the Hyundai Ioniq 5 electric hatchback.
    • Tata Tiago (B1 segment): Tiago experienced a decline with a MoM change of 21.11%.
    • Tata Altroz (B2): Altroz experienced a decline with a MoM change of -10.47%. This decrease might be influenced by factors such as market dynamics, competition, or specific challenges faced by the Altroz model.
    • Maruti Nexa Baleno (B2 segment): Baleno faced a MoM decrease of 9.90%, indicating a decline in demand for the Baleno model in October.
  • Other Observations:
    • Segment Dynamics: The MoM changes highlight the dynamic nature of the hatchback segment, with models experiencing both significant gains and declines.
    • Affordable Models: Models like Alto K10, Celerio, and S-Presso, known for their affordability, show notable MoM increases, reflecting potential consumer preference for budget-friendly options.
    • Electric Hatchback Performance: MG Comet EV, an electric hatchback, shows a modest MoM increase of 1.57%, suggesting some positive traction in the electric hatchback segment.
  • In summary, the analysis underscores the success of WagonR, Swift, and Alto K10 as top gainers in the hatchback segment for October, while also noting challenges faced by Ioniq 5, Altroz, and Baleno. The performance of affordable models and the presence of an electric hatchback add interesting dimensions to the evolving hatchback market.

HATCHBACKS OCTOBER 2023 CAR SALES

MOM CHANGE

S.No.

Brand

Model

Segment

Oct 2023

Sep 2023

Change

%Change

Trend

1

Maruti Suzuki

WagonR

B1

22,080

16,250

5,830

35.88%

2

Maruti Suzuki

Swift

B1

20,598

14,703

5,895

40.09%

3

Maruti Nexa

Baleno

B2

16,594

18,417

-1,823

-9.90%

4

Maruti Suzuki

Alto K10

A

11,200

7,791

3,409

43.76%

5

Hyundai

i20

B2

7,212

6,481

731

11.28%

6

Hyundai

Grand i10 Nios

B1

6,552

5,223

1,329

25.45%

7

Tata

Altroz

B2

5,984

6,684

-700

-10.47%

8

Tata

Tiago

B1

5,356

6,789

-1,433

-21.11%

9

Toyota

Glanza

B2

4,724

4,727

-3

-0.06%

10

Maruti Suzuki

Celerio

A

4,317

3,246

1,071

32.99%

11

Maruti Suzuki

S-Presso

A

3,368

2,560

808

31.56%

12

Maruti Nexa

Ignis

B1

2,374

2,056

318

15.47%

13

MG

Comet EV

A

1,036

1,020

16

1.57%

14

Renault

Kwid

A

869

747

122

16.33%

15

Hyundai

Ioniq 5

C2

117

176

-59

-33.52%

Hatchback Cars — 6-Month Sales Trend (May 2023 - October 2023)

HATCHBACK CARS 6 MONTH SALES TREND

MAY 2023 - OCTOBER 2023

Brand

Model

Segment

May 2023

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Oct 2023

6 Month Avg

Maruti Suzuki

Swift

B1

17,346

15,955

17,896

18,653

14,703

20,598

17,525

Maruti Nexa

Baleno

B2

18,733

14,077

16,725

18,516

18,417

16,594

17,177

Maruti Suzuki

WagonR

B1

16,258

17,481

12,970

15,578

16,250

22,080

16,770

Maruti Suzuki

Alto K10

A

9,368

11,323

7,099

9,603

7,791

11,200

9,397

Tata

Tiago

B1

8,133

8,135

8,982

9,463

6,789

5,356

7,810

Tata

Altroz

B2

5,420

7,250

7,817

7,825

6,684

5,984

6,830

Hyundai

Grand i10 Nios

B1

6,385

6,321

5,337

7,306

5,223

6,552

6,187

Hyundai

i20

B2

6,094

6,162

5,001

4,896

6,481

7,212

5,974

Toyota

Glanza

B2

5,179

3,467

4,902

2,932

4,727

4,724

4,322

Maruti Suzuki

Celerio

A

3,216

3,399

2,893

4,038

3,246

4,317

3,518

Maruti Nexa

Ignis

B1

4,551

4,237

3,223

2,373

2,056

2,374

3,136

Maruti Suzuki

S-Presso

A

2,868

2,731

2,491

2,606

2,560

3,368

2,771

Renault

Kwid

A

797

1,349

762

883

747

869

901

MG

Comet EV

A

-

-

-

651

1,020

1,036

451

Hyundai

Ioniq 5

C2

160

100

125

130

176

117

135

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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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