We are halfway through the year 2023, and the Indian auto industry is on the verge of an upward sales trajectory. A total of 3,21,608units were sold, and compared to the same period last year, it's a YoY sales growth of 15 per cent. The market is getting a lot more competitive, with manufacturers launching exciting potential products into the market. With more demand and supply, the market will surely grow for good. Here's a quick breakdown of the sales analysis of India's leading auto manufacturers for May 2023.
1) Maruti Suzuki
India's largest car maker managed total domestic sales figures of 1,78,083 units (including exports ) in May 2023, against 1,61,413 units in May 2022, thus registering around 9 per cent Y-o-Y growth. The sales of the SUV segment have gone marginally up, wherein Brezza, Ertiga, recently launched Fronx, Grand Vitara, S-cross and XL6 combined account for a total of 46,243 units. However, the combined sales of entry-level models- Alto and S-Presso are down by around 30 per cent, with a total of 12,236 units sold. Fanboy special - Jimny is going to launch soon on June 7, which is expected to bump up the sales figures for Maruti Suzuki. Read about Jimny by clicking here.
2) Hyundai Motors
South Korean auto major has reported 15 per cent of positive YoY growth with a total of 48601 units sold compared to 42293 units in May 2022. However, the MoM decline is still in continuation as they are down by around 2 per cent. We have recently compared Honda City and Skoda Slavia against the recently-launched Verna, so head to our YouTube channel to clear your buying doubts or click here to read more about the comparision.
3)Tata Motors
The Indian homegrown brand has seen quite a turnaround in recent years with its new-age cars. They have reported total sales of 45,984 passenger vehicles, compared with 43,392 units sold during May 2022, thus registering 6 per cent YoY growth. Tata Motors' highest-selling SUV, Nexon, is about to get a major facelift. Tata is also vouching for CNG technology, and they have recently launched Altroz CNG. To know more about Altroz CNG, head to our YouTube channel. Both of these models will launch before the festive season. Tata is expected to grow multifold with the new-age EVs hitting our shores in 2024 or later in 2025. Long way to go, but still, the future looks bright and shiny for Tata Motors.
4)Kia Motors
Hyundai's sister brand- Kia Motors, has surpassed sales expectations ever since its launch in the Indian market. But, last month, the brand managed to sell just 18,766 units, thus registering a 19 per cent decline compared to 23216 units sold in April 2023. Moreover, there is no bump in YoY sales figures. This month also, Sonet tops the sales chart with a total of 8251 units sold.
5) Skoda and Volkswagen
5-Star, yes, all cars built on VWs latest MQB-IN platform is 5-star safety rated. Well, good news on one side, but bad news on the other side, wherein the sales numbers do not look healthy. Volkswagen has reported a 6 per cent sales decline, with a total of 3286 units sold in May 2023 , compared to 3503 units in May 2022. In comparison, Skoda registered 23 per cent YoY degrowth with a total of 3547 units sold in May 2023 as compared to 4604 units in May 2022. The launch of the all-new Verna also hampered the sales figure of Skoda Slavia and VW Virtus.
6) Mahindra and Mahindra
M&M has encountered tremendous growth, registering 23 per cent of YoY growth with total sales of 32,883 units in May 2023 compared to 26650 units sold in May 2022. However, the MoM sales declined by 5 per cent. Mahindra is ramping up its manufacturing facility to gap the waiting timeline, impacting its overall sales growth.
7) MG Motors
MG Motors encountered comparatively best growth in terms of sales growth as the brand managed to sell 5,006 units in May 2023, thus registering 25 YoY per cent growth. In comparison, MoM sales grew by 10 per cent.MG is bullish on the EV market and has recently launched MG Comet. To know more about the Comet EV, click here.
8) Honda India
Honda Cars India registered monthly domestic sales of 4660 units in May 2023. The brand records a 43 per cent decline in domestic sales compared to 8188 units in May 2022. Honda is planning to make a strong comeback in the Indian market with its Creta-rival SUV by mid-2023, which is expected to bring sales momentum.
9) Toyota Kirloskar Motor
Toyota has recently upped its game in the Indian market, resulting in 90 per cent YoY growth with a total of 19379 units sold. Moreover, MoM sales also grew by 39 per cent.
10) Nissan and Renault
Both brands in India have the same manufacturing facility in India. However, Nissan managed YoY growth of 22 per cent with a total sales of 2618 units. In comparison, Renault registered a degrowth of YoY sales of 7 per cent, totalling 4625 units. Yes, Renault sold more units than Nissan.
