The year 2023 started on a promising note, keeping the sales growth momentum intact. Demand has been on the upswing sphere, despite the cars getting expensive. The order book of the leading auto manufacturer seems healthy, and the sales are expected to be on the positive side. Here is the sales analysis of India's leading auto manufacturers.
India's largest car maker managed total domestic sales figures of 1,47,348 units in January 2023, a 14.9 per cent increase as compared to the 1,28,924 units sold in Jan 2022. M-o-M sales data has also seen a 31.55 per cent growth compared to Dec 2022. The export, however, has seen a de-growth with a total of 17,398 units sold, compared to 19,937 units sold in Jan 2022. Maruti Suzuki has also unveiled the highly anticipated -Jimny in the AutoExpo 2023 , which is expected to launch later this year.
South Korean auto major has reported a rise in sales figure by 16.6 per cent. The brand sold 62,276 units in January 2023, compared to 53,427 units sold in Jan 2022. The export also grew by 29.4 per cent to 12,170 units from 9,405 units in the same month last year. Hyundai has recently updated its Grand i10 Nios; Head to our review section to read about first drive impressions.
The Indian homegrown brand has seen quite a turnaround in recent years with its new-age cars. They have reported total sales of 79,681 vehicles, up by 10 per cent compared with 72,485 units sold during January 2022. 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.
Hyundai's sister brand- Kia Motors, has surpassed sales expectations ever since its launch in the Indian market. Kia managed to sell 28,634 units in January 2023 against 19,319 units in Jan 2022, thus accounting for a 48 per cent increase in sales figures.
Both the German brands have not revelead any sales or production data as of now for Jan 2023. We suspect the sales figures to be in an upward trend.
M&M has recently revealed its ambitious future plans with its electric vehicles, which are expected to hit on Indian roads soon. They have recently launched an EV version of an already exciting XUV 400. The company reported a 37 per cent rise in vehicle sales at 64,335 units in January compared to 46,808 units in January last year.
MG Motors encountered comparatively less growth in terms of sales growth as the brand managed to sell 4,114 units, a decline of 4.45 per cent compared to 4,306 vehicles sold in January 2022.
Honda Cars India has also seen a de-growth in sales numbers as the brand managed to sell only 7,821 units, compared to 10,427 cars sold in Jan 2022. Honda is planning to make a strong comeback in the Indian market with Creta-rival SUV by mid-2023.