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October 2023 Cars Sales Analysis - MPV 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 MPVs 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 MPVs for the last 6 months will give you an idea about their 6-month sales trend.

MPV Sales

MPV Segment October 2023 Car Sales - YoY Change

  • Top Gainers:
    • Toyota Innova Crysta/HyCross (D1): Innova Crysta/HyCross emerges as the top gainer with a substantial YoY change of 118.86%, indicating a significant increase in demand for this Toyota MPV model. The popularity of the Innova Crysta/HyCross may be attributed to its reputation, features, or specific enhancements.
    • Maruti Suzuki Eeco (A): Eeco shows a strong YoY increase of 46.43%, reflecting positive market reception and growing demand for this Maruti Suzuki MPV model known for its practicality and affordability.
    • Maruti Suzuki Ertiga (C1): Ertiga also records a notable YoY change of 35.40%, showcasing sustained demand for this Maruti Suzuki MPV.
  • Top Losers:
    • Kia Carnival (D2): Carnival faced a substantial decline with a YoY change of -100.00%, indicating challenges or shifts in the market dynamics for this Kia MPV model.
    • Renault Triber (B2): Triber experienced a significant YoY decrease of -34.98%, suggesting a decline in demand for this Renault MPV. Factors such as competition or changing consumer preferences may contribute to this decrease.
    • Mahindra Marazzo (C2): Marazzo faced a notable YoY decrease of -58.22%, indicating challenges in the demand for this Mahindra MPV.
  • Other Observations:
    • Segment Dynamics: The MPV segment shows varied performance, with models experiencing both gains and losses. The success of models like Innova Crysta/HyCross and Eeco highlights the continued demand for well-established MPVs.
    • Entry of New Models: The entry of models like Citroen C3 Aircross indicates a dynamic market with new offerings in the MPV segment.
    • Luxury MPV Challenges: The decline in demand for Vellfire and Carnival suggests challenges in the luxury MPV segment, possibly influenced by factors such as pricing, competition, or changing consumer preferences.
  • In summary, the analysis underscores the success of Innova Crysta/HyCross, Eeco, and Ertiga as top gainers in the MPV segment, while also highlighting challenges faced by Carnival, Triber, and Marazzo. The entry of new models adds interesting dynamics to the evolving MPV market.

MPV SEPTEMBER 2023 CAR SALES

YOY CHANGE

S.No.

Brand

Model

Segment

Oct 2023

Oct 2022

Change

%Change

Trend

1

Maruti Suzuki

Ertiga

C1

14,209

10,494

3,715

35.40%

2

Maruti Suzuki

Eeco

A

12,975

8,861

4,114

46.43%

3

Toyota

Innova Crysta/HyCross

D1

8,183

3,739

4,444

118.86%

4

Kia

Carens

C2

5,355

5,479

-124

-2.26%

5

Maruti Nexa

XL6

C2

4,367

2,484

1,883

75.81%

6

Renault

Triber

B2

2,080

3,199

-1,119

-34.98%

7

Toyota

Rumion

D1

792

-

792

-

-

8

Maruti Suzuki

Invicto

D1

478

-

478

-

-

9

Citroen

C3 Aircross

C1

224

-

224

-

-

10

Mahindra

Marazzo

C2

89

213

-124

-58.22%

11

Toyota

Vellfire

D2

3

88

-85

-96.59%

12

Kia

Carnival

D2

0

301

-301

-100.00%

MPV Segment October 2023 Car Sales - MoM Change

  • Top Gainers:
    • Maruti Suzuki Eeco (A): Eeco emerges as the top gainer with a substantial MoM change of 16.40%, indicating a notable increase in demand for this Maruti Suzuki MPV model. The practicality and affordability of the Eeco likely contribute to its continued popularity.
    • Renault Triber (B2): Triber shows a strong MoM increase of 26.67%, reflecting positive market reception and growing demand for this Renault MPV model known for its flexibility and seating capacity.
    • Maruti Suzuki Invicto (D1): Invicto records a notable MoM change of 22.88%, showcasing sustained demand for this Maruti Suzuki MPV.
  • Top Losers:
    • Toyota Innova Crysta/HyCross (D1): Innova Crysta/HyCross faced a decline with a MoM change of -8.06%, suggesting a decrease in demand for this Toyota MPV model. Factors such as market dynamics or model lifecycle may contribute to this decrease.
    • Citroen C3 Aircross (C1): C3 Aircross experienced a notable MoM decrease of -44.00%, indicating challenges in the demand for this Citroen MPV. Market factors or competition may contribute to this decrease.
  • Other Observations:
    • Segment Dynamics: The MPV segment shows varied performance, with models experiencing both gains and losses. The success of models like Eeco and Triber indicates continued demand for compact and affordable MPVs.
    • Innova Crysta/HyCross: While facing a MoM decline, Innova Crysta/HyCross remains a significant player in the MPV segment, and the decrease might be a part of normal market fluctuations.
    • Luxury MPV Challenges: Vellfire faced a MoM decline, indicating challenges in the luxury MPV segment. Market factors, limited availability, or specific customer preferences may contribute to this decline.
  • In summary, the analysis underscores the success of Eeco, Triber, and Invicto as top gainers in the MPV segment for September, while also noting challenges faced by Innova Crysta/HyCross and C3 Aircross. The dynamics of the MPV market continue to evolve, with compact and practical models gaining traction.

MPV SEPTEMBER 2023 CAR SALES

MOM CHANGE

S.No.

Brand

Model

Segment

Oct 2023

Sep 2023

Change

%Change

Trend

1

Maruti Suzuki

Ertiga

C1

14,209

13,528

681

5.03%

2

Maruti Suzuki

Eeco

A

12,975

11,147

1,828

16.40%

3

Toyota

Innova Crysta/HyCross

D1

8,183

8,900

-717

-8.06%

4

Kia

Carens

C2

5,355

4,330

1,025

23.67%

5

Maruti Nexa

XL6

C2

4,367

4,511

-144

-3.19%

6

Renault

Triber

B2

2,080

1,642

438

26.67%

7

Toyota

Rumion

D1

792

1,461

-669

-45.79%

8

Maruti Suzuki

Invicto

D1

478

389

89

22.88%

9

Citroen

C3 Aircross

C1

224

400

-176

-44.00%

10

Mahindra

Marazzo

C2

89

144

-55

-38.19%

 

Toyota

Vellfire

D2

3

0

3

-

-

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

MPV 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

Ertiga

C1

10,528

8,422

14,352

12,315

13,528

14,209

12,226

Maruti Suzuki

Eeco

A

12,818

9,354

12,037

11,859

11,147

12,975

11,698

Toyota

Innova Crysta/HyCross

D1

7,776

8,361

8,935

8,666

8,900

8,183

8,470

Kia

Carens

C2

6,367

8,047

6,002

4,359

4,330

5,355

5,743

Maruti Nexa

XL6

C2

3,577

2,856

4,320

4,184

4,511

4,367

3,969

Renault

Triber

B2

2,115

2,257

1,802

1,821

1,642

2,080

1,953

Toyota

Rumion

D1

-

-

-

112

1,461

792

394

Maruti Suzuki

Invicto

D1

-

-

-

589

389

478

243

Citroen

C3 Aircross

C1

-

-

-

51

400

224

113

Mahindra

Marazzo

C2

33

79

81

47

144

89

79

Toyota

Vellfire

D2

5

0

0

0

0

3

1

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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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