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

24 April 2023
By Prathu Sharma
0

In this March 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 March 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of 3775% because of the low numbers in March 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India, but it is reaching the numbers of NIssan and likes.
Among the high volume carmakers, Mahindra posted the best growth in March YoY comparison, with a 31.37% rise in sales.
The biggest loser was Jeep with a 46.58% decline in YoY dispatch numbers in March.
Jeep was followed by Renault with a 36.73% decline in YoY numbers.
Maruti sales remained unchanged (just an insubstantial drop of 0.82%).

BRAND-WISE MARCH 2023 CAR SALES YOY CHANGE
Brand	Mar 2023	Mar 2022	Change	% Change	Trend
Citroen	2,015	52	1,963	3775%
Honda	6,692	6,589	103	1.56%
Hyundai	50,600	44,600	6,000	13.45%
Jeep	680	1,273	-593	-46.58%
Kia	21,501	22,622	-1,121	-4.96%
Mahindra	35,976	27,386	8,590	31.37%
Maruti Suzuki	1,32,763	1,33,861	-1,098	-0.82%
MG	6,411	4,721	1,690	35.80%
Nissan	3,260	3,007	253	8.41%
Renault	5,389	8,518	-3,129	-36.73%
Skoda	4,432	5,649	-1,217	-21.54%
Tata	44,047	42,295	1,752	4.14%
Toyota	18,582	17,130	1,452	8.48%
Volkswagen	3,900	3,672	228	6.21%

Brand-Wise March 2023 Car Sales - MoM Change

Citroen was the top gaining brand in MoM comparison a well, with a 514% growth in numbers
Citroen was followed by MG and NIssan with 53% and 49% growth in sales numbers in March
Reanult was the top losing brand with a 18.55% decline in MoM dispatches in March compared to February
Reanult was followed by Kia with a 12.6% drop in dispatches in March over February

BRAND-WISE MARCH 2023 CAR SALES MoM CHANGE
Brand	Mar 2023	Feb 2023	Change	% Change	Trend
Citroen	2,015	328	1,687	514.33%
Honda	6,692	6,086	606	9.96%
Hyundai	50,600	46,968	3,632	7.73%
Jeep	680	719	-39	-5.42%
Kia	21,501	24,600	-3,099	-12.6%
Mahindra	35,976	30,221	5,755	19.04%
Maruti Suzuki	1,32,763	1,47,467	-14,704	-9.97%
MG	6,411	4,193	2,218	52.9%
Nissan	3,260	2,184	1,076	49.27%
Renault	5,389	6,616	-1,227	-18.55%
Skoda	4,432	3,418	1,014	29.67%
Tata	44,047	42,865	1,182	2.76%
Toyota	18,582	15,267	3,315	21.71%
Volkswagen	3,900	3,313	587	17.72%

Segment-Wise March 2023 Car Sales - YoY Change

In terms of YoY change, the C-segment was the biggest gainer, posting a YoY growth of 24%
The C-segment was followed by the D2-segment, with a YoY growth of 16.22% in March 2023
The D1-segment witnessed a YoY growth of 10.43% in our March 2023 comparison analysis
A and B1-segments reported a decline in YoY comparison in March. A-segment reported a drop of 18.29% in March whereas B1-segment reported a decline of 2.63% on the YoY comparison

SEGMENT-WISE MARCH 2023 CAR SALES YOY CHANGE
S.No.	Segment	Mar 2023	Mar 2022	Change	% Change	Trend
1	A	29,506	36,109	-6,603	-18.29%
2	B1	65,188	66,946	-1,758	-2.63%
3	B2	1,34,480	1,27,662	6,818	5.34%
4	C	61,698	49,769	11,929	23.97%
5	D1	40,904	37,041	3,863	10.43%
6	D2	4,472	3,848	624	16.22%

Segment-Wise March 2023 Car Sales - MoM Change

In terms of MoM comparison for the month of March, all segments, except C and D1-segment, witnessed a decrease in their sales figures in comparison to sales in February
D1-segment reported an MoM increase of 34.85% and C-segment cars reported a 22.12% growth.
The A-segment reported a MoM decline of 25.19% and was the top losing segment in March MoM comparison
The B-segment reported an average decline of 4.62%

SEGMENT-WISE MARCH 2023 CAR SALES MOM CHANGE
S.No.	Segment	Mar 2023	Feb 2023	Change	% Change	Trend
1	A	29,506	39,443	-9,937	-25.19%
2	B1	65,188	68,311	-3,123	-4.57%
3	B2	1,34,480	1,41,061	-6,581	-4.67%
4	C	61,698	50,522	11,176	22.12%
5	D1	40,904	30,332	10,572	34.85%
6	D2	4,472	4,576	-104	-2.27%

Body-Wise March 2023 Car Sales - YoY Change

SUVs witnessed the biggest YoY growth of 20.35% in March 2023 compared to March 2022
The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 8.64% decline in sales in March 2023 compared to March 2022
MPVs saw a 5.72% growth in sales in March YoY comparison analysis
Sedans also saw a 4.33% decline in sales in March

BODY-WISE MARCH 2023 CAR SALES YOY CHANGE
S.No.	Body Style	Mar 2023	Mar 2022	Change	% Change	Trend
1	Hatch	1,01,817	1,11,446	-9,629	-8.64%
2	Sedan	34,271	39,364	-5,093	-12.94%
3	SUV	1,59,548	1,32,320	27,228	20.58%
4	MPV	40,389	38,202	2,187	5.72%
5	Pickup	223	43	180	418.6%

Body-Wise March 2023 Car Sales - MoM Change

Hatchbacks were the top loser by reporting a 16% decline in MoM comparison to February sales figures
Hatchbacks were followed by sedans with a 3.15% drop in dispatches in March compared to February
Pickups are not a popular body-style among Indian buyers and it is evident from the numbers, although they saw substantial growth in MoM and YoY comparisons for March.
Among the winners, MPVs were the top gaining bodystyle with over 40,000 units sold in March, compared to almost 35,000 in February, witnessing a rise of just over 18% in monthly sales
SUVs reported a growth of 11.25% in MoM sales comparison

BODY-WISE MARCH 2023 CAR SALES MOM CHANGE
S.No.	Body Style	Mar 2023	Feb 2023	Change	% Change	Trend
1	Hatch	1,01,817	1,21,290	-19,473	-16.05%
2	Sedan	34,271	35,387	-1,116	-3.15%
3	SUV	1,59,548	1,43,413	16,135	11.25%
4	MPV	40,389	34,140	6,249	18.30%
5	Pickup	223	15	208	1386.67%

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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.