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

18 July 2023
By Prathu Sharma
0

In this June 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 June 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of 1202.60% because of the low numbers in June 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
Among the high volume carmakers, Mahindra posted the best growth in June YoY comparison, with a 22.32% rise in sales.
Mahindra was followed by Toyota, with a 10.45% YoY growth.
The biggest loser was Renault with a 41.50% decline in YoY dispatch numbers in June.
Renault was followed by Honda and then Skoda with a 35% and 34% decline, respectively, in YoY numbers.
Maruti Suzuki was the top-seller for cars in the Indian automobile market, with over 1.30 lakh units dispatched in June 2023, which is a 5.93% YoY growth compared to 1.23 lakh units dispatched in June 2022.
Hyundai was second in the ranking for best sellers, with 50,000 units dispatched in June 2023, which less than half of that of Maruti Suzuki.

BRAND-WISE JUNE 2023 CAR SALES YOY CHANGE
Brand	Jun 2023	Jun 2022	Change	% Change	Trend
Citroen	1,003	77	926	1202.60%
Honda	5,080	7,834	-2,754	-35.15%
Hyundai	50,001	49,001	1,000	2.04%
Jeep	493	1,963	-1,470	-74.89%
Kia	19,391	24,024	-4,633	-19.28%
Mahindra	32,585	26,640	5,945	22.32%
Maruti Suzuki	1,29,956	1,22,685	7,271	5.93%
MG	3,941	4,503	-562	-12.48%
Nissan	2,552	3,515	-963	-27.40%
Renault	5,450	9,317	-3,867	-41.50%
Skoda	3,966	6,023	-2,057	-34.15%
Tata	47,240	45,200	2,040	4.51%
Toyota	18,237	16,512	1,725	10.45%
Volkswagen	3,394	3,315	79	2.38%

Brand-Wise June 2023 Car Sales - MoM Change

Citroen was the top gaining brand in the MoM sales comparison, with a 24.44% growth in numbers. The other gainers in June MoM comparison were Renault with a 17.84% MoM growth and Skoda with 11.81% MoM growth in June.
Speaking of losers, Jeep was the top losing brand with a 33% decline in MoM dispatches in June compared to May.
The other notable losers in the MoM comparison were:
- MG with 21.27% drop
- Maruti Suzuki with 9.57% drop
- Toyota with 5.89% drop

BRAND-WISE JUNE 2023 CAR SALES MoM CHANGE
Brand	Jun 2023	May 2023	Change	% Change	Trend
Citroen	1,003	806	197	24.44%
Honda	5,080	4,660	420	9.01%
Hyundai	50,001	48,601	1,400	2.88%
Jeep	493	734	-241	-32.83%
Kia	19,391	18,766	625	3.33%
Mahindra	32,585	32,883	-298	-0.91%
Maruti Suzuki	1,29,956	1,43,708	-13,752	-9.57%
MG	3,941	5,006	-1,065	-21.27%
Nissan	2,552	2,618	-66	-2.52%
Renault	5,450	4,625	825	17.84%
Skoda	3,966	3,547	419	11.81%
Tata	47,240	45,880	1,360	2.96%
Toyota	18,237	19,379	-1,142	-5.89%
Volkswagen	3,394	3,286	108	3.29%

Segment-Wise June 2023 Car Sales - YoY Change

All except A segment cars saw a growth in YoY comparison. The A-segment cars reported a 19.59% YoY decline in dispatches.
In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of over 70%.
The D1-segment was followed by the C2-segment with a YoY growth of 33.40% in June 2023.
Next on the rankings was the B1 and C1-segment, which witnessed a YoY growth of around 18% in our June 2023 comparison analysis against the numbers from June 2022.

SEGMENT-WISE JUNE 2023 CAR SALES YOY CHANGE
S.No.	Segment	Jun 2023	Jun 2022	Change	% Change	Trend
1	A	28,156	35,017	-6,861	-19.59%
2	B1	45,638	38,412	7,226	18.81%
3	B2	1,29,957	1,20,612	9,345	7.75%
4	C1	44,919	37,954	6,965	18.35%
5	C2	26,271	19,693	6,578	33.40%
6	D1	26,734	15,664	11,070	70.67%
7	D2	4,133	3,956	177	4.47%

Segment-Wise June 2023 Car Sales - MoM Change

Out of 7 segments in the Indian car market, only B1, C2 and D2-segments saw a growth in dispatch numbers in MoM comparison analysis.
Speaking of MoM gainers in June comparison, the D2-segment reported a 8.75% MoM growth in June, making it the top growing segment. The C2-segment was a close second and saw a 7.14% MoM rise. B1-segment was right behind with 6.93% MoM growth.
D1 and C1-segments saw an MoM drop of around 22% in June comparison analysis, making them the top losing car segments in India. The A-segment saw an MoM drop of nearly 3.13% in June compared to May.

SEGMENT-WISE JUNE 2023 CAR SALES MOM CHANGE
S.No.	Segment	Jun 2023	May 2023	Change	% Change	Trend
1	A	28,156	29,067	-911	-3.13%
2	B1	50,835	47,539	3,296	6.93%
3	B2	1,37,569	1,38,958	-1,389	-1.00%
4	C1	36,250	46,251	-10,001	-21.62%
5	C2	26,693	24,913	1,780	7.14%
6	D1	21,240	27,534	-6,294	-22.86%
7	D2	4,327	3,979	348	8.75%

Body-Wise June 2023 Car Sales - YoY Change

Pickups witnessed the biggest YoY growth of over 1700% in June 2023 compared to June 2022.
The SUV was the best-selling bodystyle in India. It was followed by hatchbacks, which saw a 8.53% drop in sales in June 2023 compared to June 2022.
Only SUVs and pickups saw a growth in the YoY comparison analysis. SUV sales rose by 15% in June 2023 compared to June 2022.
MPVs saw a 7% drop in sales in June YoY comparison analysis.

BODY-WISE JUNE 2023 CAR SALES YOY CHANGE
S.No.	Body Style	Jun 2023	Jun 2022	Change	% Change	Trend
1	Hatch	1,01,987	1,11,494	-9,507	-8.53%
2	Sedan	32,024	36,455	-4,431	-12.15%
3	SUV	1,49,584	1,30,261	19,323	14.83%
4	MPV	39,376	42,382	-3,006	-7.09%
5	Pickup	318	17	301	1770.59%

Body-Wise June 2023 Car Sales - MoM Change

MPVs were the top losers by reporting a 8.89% drop in MoM comparison to May sales figures
SUVs were the second top losing bodystyle with 3.45% MoM decline in June compared to May
Hatchbacks reported a 2.41% decline in MoM comparison in June over May 2023
Pickups and sedans were the gainers in the MoM comparison with a 6% and 1.53% growth in sales over May, respectively
Sedans reported a gain of 1.53% in MoM sales comparison

BODY-WISE JUNE 2023 CAR SALES MOM CHANGE
S.No.	Body Style	Jun 2023	May 2023	Change	% Change	Trend
1	Hatch	1,01,987	1,04,508	-2,521	-2.41%
2	Sedan	32,024	31,540	484	1.53%
3	SUV	1,49,584	1,54,932	-5,348	-3.45%
4	MPV	39,376	43,219	-3,843	-8.89%
5	Pickup	318	300	18	6.00%

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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.