May 2023 Car Sales Analysis - Brand-Wise YoY, MoM Change, 6-Month Trend | V3Cars

16 June 2023
By Prathu Sharma
0

In this May 2023 car sales analysis article, we’ll look at the manufacturer-wise sales figures along with the YoY and MoM change for each carmaker in India. We’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales where applicable. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of car sales for all manufacturers.

Brand-Wise May 2023 Car Sales - YoY Change

In terms of percentage, Citroen posted the best YoY improvement of 3258% because of the low numbers in May 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
Among the high volume carmakers, Toyota posted the best growth in May YoY comparison, with a 89.69% rise in sales.
Toyota was followed by Mahindra which posted a 23.39% YoY growth.
The biggest loser was Honda with a 43% decline in YoY dispatch numbers in May.
Honda was followed by Skoda and then Jeep with a 23% and 21% decline, respectively, in YoY numbers.

BRAND-WISE MAY 2023 CAR SALES YOY CHANGE
Brand	May 2023	May 2022	Change	% Change	Trend
Citroen	806	24	782	3258.33%
Honda	4,660	8,188	-3,528	-43.09%
Hyundai	48,601	42,293	6,308	14.91%
Jeep	734	928	-194	-20.91%
Kia	18,766	18,718	48	0.26%
Mahindra	32,883	26,650	6,233	23.39%
Maruti Suzuki	97,115	1,00,804	-3,689	-3.66%
MG	5,006	4,008	998	24.9%
Nissan	2,618	2,131	487	22.85%
Renault	4,625	5,010	-385	-7.68%
Skoda	3,547	4,604	-1,057	-22.96%
Tata	45,880	43,340	2,540	5.86%
Toyota	19,379	10,216	9,163	89.69%
Volkswagen	3,286	3,503	-217	-6.19%

Brand-Wise May 2023 Car Sales - MoM Change

Toyota was the top gaining brand in MoM comparison, with a 36.84% growth in numbers. The other gainers in May MoM comparison were Jeep with 31.54% MoM growth and MG with 10% MoM growth in May.
Speaking of the losers, Citroen and Kia were the top losing brands with about a 20% decline in MoM dispatches in May compared to April. It is to be noted Citroen was the consistent top gainer in the MoM comparison till March.
The other notable losers in the MoM comparison were:
- Honda with 12.29% drop
- Skoda with 11.52% drop

BRAND-WISE MAY 2023 CAR SALES MoM CHANGE
Brand	May 2023	Apr 2023	Change	% Change	Trend
Citroen	806	1,003	-197	-19.64%
Honda	4,660	5,313	-653	-12.29%
Hyundai	48,601	49,701	-1,100	-2.21%
Jeep	734	558	176	31.54%
Kia	18,766	23,216	-4,450	-19.17%
Mahindra	32,883	34,694	-1,811	-5.22%
Maruti Suzuki	97,115	96,654	461	0.48%
MG	5,006	4,551	455	10.00%
Nissan	2,618	2,617	1	0.04%
Renault	4,625	4,323	302	6.99%
Skoda	3,547	4,009	-462	-11.52%
Tata	45,880	47,010	-1,130	-2.40%
Toyota	19,379	14,162	5,217	36.84%
Volkswagen	3,286	3,032	254	8.38%

Car Brands — 6-Month Brand Sales Trend (Dec 2022 - May 2023)

BRAND-WISE 6 MONTH SALES TREND DEC 2022 - MAY 2023
BRAND	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	6 Month Avg
Citroen	932	804	328	2,015	1,003	806	981
Honda	7,062	7,821	6,086	6,692	5,313	4,660	6,272
Hyundai	38,831	50,106	46,968	50,600	49,701	48,601	47,468
Jeep	769	685	719	680	558	734	691
Kia	15,184	28,634	24,600	21,501	23,216	18,766	21,984
Mahindra	28,333	33,040	30,221	35,976	34,694	32,883	32,525
Maruti Suzuki	79,148	1,12,905	1,12,043	1,01,736	96,654	97,115	99,934
MG	3,899	4,114	4,193	6,411	4,551	5,006	4,696
Nissan	2,020	2,803	2,184	3,260	2,617	2,618	2,584
Renault	6,126	3,008	6,616	5,389	4,323	4,625	5,015
Skoda	4,789	3,818	3,418	4,432	4,009	3,547	4,002
Tata	40,045	47,990	42,865	44,047	47,010	45,880	44,640
Toyota	10,421	12,728	15,267	18,582	14,162	19,379	15,090
Volkswagen	4,709	2,906	3,313	3,900	3,032	3,286	3,524

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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.