The Indian auto industry is geared to launch new vehicles before the festive season. We are halfway through 2023, and the sales data suggest mixed results in terms of demand and supply. The market is getting a lot more competitive, with manufacturers launching exciting potential products into the market. Here's a quick breakdown of the sales analysis of India's leading auto manufacturers for June 2023.
India's largest car maker managed total domestic sales figures of 1,59,418 units (including exports ) in June 2023, against 1,55,857 units in June 2022, thus registering around 2 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 43043 units. However, the combined sales of entry-level models- Alto and S-Presso are around 14,054 units. Fanboy special - Jimny has been recently launched; though prices are slightly higher, we still believe it is expected to bump up the sales figures for Maruti Suzuki.
South Korean auto major has reported around 2 per cent of positive YoY growth with a total of 50001 units sold compared to 49001 units in June 2022. 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. Hyundai will also launch Tata Punch rival- Exter this month, which is expected to amplify sales for the brand.
The Indian homegrown brand has seen quite a turnaround in recent years with its new-age cars. They have reported total sales of 47,235 passenger vehicles, compared with 45195 units sold during June 2022, thus registering around 5 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 iCNG. To learn 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.
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 19,391 units, thus registering a 19 per cent decline compared to 24,024 units sold in June 2023. Seltos is about to get its major facelift soon. Brand, as well as consumers, are looking forward to the much-needed update on the Seltos.
Yet to release their sales data.
M&M has encountered tremendous growth, registering 21 per cent of YoY growth with total sales of 32,588 units in June 2023 compared to 26,880 units sold in June 2022. However, the MoM sales declined by just 0.9 per cent. Mahindra is ramping up its manufacturing facility to gap the waiting timeline, impacting its overall sales growth.
MG Motors encountered comparatively best growth in terms of sales growth as the brand managed to sell 5,121 units in June 2023, thus registering 14 YoY per cent growth. In comparison, MoM sales also grew by 2.3 per cent.MG is bullish on the EV market and has recently launched MG Comet. Stay tuned for the Comet EV road test review.
Honda Cars India registered monthly domestic sales of 5080 units in June 2023. The brand records a 35 per cent decline in domestic sales compared to 7834 units in June 2022. Honda intended a strong comeback in the Indian market with its Creta-rival SUV - Elevate, which is expected to bring much-needed sales momentum.
Toyota has recently upped its game in the Indian market, resulting in 18.75 per cent YoY growth with a total of 19608 units sold in June 2023.
Both brands in India have the same manufacturing facility in India. However, Nissan had a de-growth of 27.3 per cent with a total sales of 2558 domestic units. As of now, we do not have the sales data for Renault cars for the month of June 2023.