India 2023. Auto Market Up 8.3% After 22 Growing Months In A String

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Hyundai-i20-2024
Hyundai-i20-2024

Indian Autos Market in 2023 jumped at 4.2 million sales (+8.3%) with December as the 22nd consecutive growing month, with 295.503 sales (+3.4%). Although market speed, Renault collapsed 44%.

Market Trend and Outlook

Indian auto market in 2023 closed with a fully positive year, reporting 4.21 million sales (+8.3%). December registered 295,503 new sales and are up 3.4% from the previous year.

Looking at cumulative data from 2023, brand-wise Maruti leads the rankings with 1.74 million sales (+7.9%), Hyundai with 596,741 (+8.0%), Tata with 550,871 (+4.6%), Mahindra with 432,371 (+29.9%) and Kia with 255,000 (+0.2%).

Toyota with 218,843 sales (+36.9%) ranks in 6th place, followed by Honda at 84,188 sales (-11.4%), MG -up 2 spots- with 56,902 sales (+18.4%), followed by Skoda with 48,755 new registrations (-9.3%) and Renault -down 2 spots- in 10th with 48,321 units sold (-44.5%).

Looking at specific models the Maruti Swift is the best seller being up 15.3% in sales growing 2 spots, followed by the Maruti Wagon R down 7.4%, losing the 1st spot.

Tables with sales figures

In the tables below we report sales for top 10 Brands, top 10 Manufacturer Groups and top 10 Models.

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