January 2023 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

15 February 2023
By Prathu Sharma
0

In this January 2023 cars sales analysis article, we’ll look at the YoY and MoM change in sales figures for each carmaker, segment and body style 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.

Brand-Wise January 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of over 1,900% because of the low numbers in January 2022. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
Among the mass volume carmakers, Toyota posted the best growth in January YoY comparison, with a near-74% rise in sales.
Mahindra posted the second best YoY growth of around 66%.
The biggest losers were Renault and Nissan with 63% and 29.5% decline, respectively, in YoY dispatch numbers in January.
Honda sales dropped by about 25% in January 2023 compared to January 2022.

BRAND-WISE JANUARY 2023 CAR SALES YOY CHANGE
Brand	Jan 2023	Jan 2022	Change	% Change	Trend
Citroen	804	40	764	1910%
Datsun	0	273	-273	-	-
Honda	7,821	10,427	-2,606	-24.99%
Hyundai	50,106	44,022	6,084	13.82%
Jeep	685	861	-176	-20.44%
Kia	28,634	19,319	9,315	48.22%
Mahindra	33,040	19,860	13,180	66.36%
Maruti Suzuki	1,47,348	1,28,924	18,424	14.29%
MG	4,114	4,306	-192	-4.46%
Nissan	2,803	3,977	-1,174	-29.52%
Renault	3,008	8,119	-5,111	-62.95%
Skoda	3,818	3,009	809	26.89%
Tata	47,990	40,780	7,210	17.68%
Toyota	12,728	7,328	5,400	73.69%
Volkswagen	2,906	3,523	-617	-17.51%

Brand-Wise January 2023 Car Sales - MoM Change

In terms of MoM change, most brands saw an increase in dispatches in January over December.
The 5 brands that saw a decline in dispatch numbers as the previous month are — Citroen, Jeep, Renault, Skoda and Volkswagen.
Speaking of losers, the top losing brand in terms of MoM comparison for the month of January was Renault with a 51% decline in dispatches, followed by Volkswagen with 38% MoM decline.
Kia was the top gaining brand with 88% growth in MoM dispatches in January compared to December.
Kia was followed by Nissan with a 39% growth in dispatches in January over December.

BRAND-WISE JANUARY 2023 CAR SALES MoM CHANGE
Brand	Jan 2023	Dec 2022	Change	% Change	Trend
Citroen	804	932	-128	-13.73%
Honda	7,821	7,062	759	10.75%
Hyundai	50,106	38,831	11,275	29.04%
Jeep	685	769	-84	-10.92%
Kia	28,634	15,184	13,450	88.58%
Mahindra	33,040	28,333	4,707	16.61%
Maruti Suzuki	1,47,348	1,12,010	35,338	31.55%
MG	4,114	3,899	215	5.51%
Nissan	2,803	2,020	783	38.76%
Renault	3,008	6,126	-3,118	-50.9%
Skoda	3,818	4,789	-971	-20.28%
Tata	47,990	40,045	7,945	19.84%
Toyota	12,728	10,421	2,307	22.14%
Volkswagen	2,906	4,709	-1,803	-38.29%

Segment-Wise January 2023 Car Sales - YoY Change

In terms of YoY change, the D2-segment was the biggest gainer, posting a YoY growth of 237%
The D2-segment was followed by the D1-segment, with a YoY growth of 55% in January 2023
The B2 and C-segments witnessed a YoY growth of 16% in January 2023 comparison analysis
In terms of YoY comparison, all segments witnessed growth except the A-segment, which witnessed a decline of 1.64% in the January YoY comparison analysis

SEGMENT-WISE JANUARY 2023 CAR SALES YOY CHANGE
S.No.	Segment	Jan 2023	Jan 2022	Change	% Change	Trend
1	A	40,632	41,310	-678	-1.64%
2	B1	72,546	63,499	9,047	14.25%
3	B2	1,33,203	1,14,355	18,848	16.48%
4	C	62,962	53,971	8,991	16.66%
5	D1	31,139	20,053	11,086	55.28%
6	D2	5,323	1,580	3,743	236.9%

Segment-Wise January 2023 Car Sales - MoM Change

In terms of MoM comparison for the month of January, all segments saw a growth in their sales figures in comparison to the decline in sales witnessed in the December MoM sales analysis
The D2-segment and A-segment saw the highest MoM growth of all, of around 130% and 75%, respectively
The B1 segment followed the A-segment with a 38% growth while the D1-segment saw a growth of 34%

SEGMENT-WISE JANUARY 2023 CAR SALES MOM CHANGE
S.No.	Segment	Jan 2023	Dec 2022	Change	% Change	Trend
1	A	40,632	23,263	17,369	74.66%
2	B1	72,546	52,462	20,084	38.28%
3	B2	1,33,203	1,14,024	19,179	16.82%
4	C	62,962	59,826	3,136	5.24%
5	D1	31,139	23,242	7,897	33.98%
6	D2	5,323	2,313	3,010	130.13%

Body-Wise January 2023 Car Sales - YoY Change

SUVs witnessed the biggest YoY growth of roughly 25% in January 2023 compared to January 2022
The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 17.26% gain in sales in January 2023 compared to January 2022
MPVs suffered a 15% decline in sales in January YoY comparison analysis
Sedans also saw a 8% decline in sales in January

BODY-WISE JANUARY 2023 CAR SALES YOY CHANGE
S.No.	Body Style	Jan 2023	Jan 2022	Change	% Change	Trend
1	Hatch	1,23,007	1,04,901	18,106	17.26%
2	Sedan	31,737	34,465	-2,728	-7.92%
3	SUV	1,54,707	1,23,849	30,858	24.92%
4	MPV	36,353	31,553	4,800	15.21%
5	Pickup	1	0	1	-	-

Body-Wise January 2023 Car Sales - MoM Change

Pickups were the biggest losers with 80% decrease in sales
Pickups were followed by sedans with 0.14% drop in dispatches in January compared to December
Pickups are not a popular body-style among Indian buyers and it is evident from the numbers
Among the winners, hatchbacks were the top gaining bodystyle with over 1,23,000 units sold in January, compared to almost 85,000, witnessing a rise of over 45% in monthly sales
SUVs saw a growth of 24% in MoM comparison, whereas MPVs saw a growth of nearly 14% in January over December

BODY-WISE JANUARY 2023 CAR SALES MOM CHANGE
S.No.	Body Style	Jan 2023	Dec 2022	Change	% Change	Trend
1	Hatch	1,23,007	84,710	38,297	45.21%
2	Sedan	31,737	31,781	-44	-0.14%
3	SUV	1,54,707	1,24,795	29,912	23.97%
4	MPV	36,353	31,951	4,402	13.78%
5	Pickup	1	5	-4	-80%

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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.