All carmakers skilled a decline in month-to-month gross sales following the push from the festive shopping for interval of October
The brand-wise automobile gross sales figures for November 2023 are out, and though nothing has modified when it comes to the highest performing manufacturers and their positions, the figures paint an image of the market publish October festivities. Maruti Suzuki led the chart, adopted by Hyundai and Tata respectively. Each of the highest 10 promoting automobile manufacturers of the earlier month have skilled a month-on-month (MoM) loss in demand, whereas Kia, Skoda, and Volkswagen have additionally encountered a drop in year-on-year (YoY) gross sales. Let’s take a more in-depth have a look at the brand-wise gross sales report for the highest 10 best-selling automobile manufacturers for November 2023.
|
Brands |
November 2023 |
October 2023 |
MoM Growth (%) |
November 2022 |
YoY Growth (%) |
|
Maruti Suzuki |
1,34,158 |
1,68,047 |
-20.2% |
1,32,395 |
1.3% |
|
Hyundai |
49,451 |
55,128 |
-10.3% |
48,002 |
3% |
|
Tata |
46,070 |
48,343 |
-4.7% |
46,040 |
0.1% |
|
Mahindra |
39,981 |
43,708 |
-8.5% |
30,233 |
32.2% |
|
Kia |
22,762 |
24,351 |
-6.5% |
24,025 |
-5.3% |
|
Toyota |
16,924 |
20,542 |
-17.6% |
11,765 |
43.9% |
|
Honda |
8,730 |
9,400 |
-7.1% |
7,051 |
23.8% |
|
MG |
4,154 |
5,108 |
-18.7% |
4,079 |
1.8% |
|
Skoda |
3,783 |
4,566 |
-17.1% |
4,433 |
-14.7% |
|
Volkswagen |
3,095 |
4,089 |
-24.3% |
3,570 |
-13.3% |
Key Takeaways
-
Maruti Suzuki witnessed a major drop in MoM gross sales of 20 %, however continues to be comfortably the best-selling automobile model in November 2023, with unit gross sales of greater than 1,34,000 models.
-
Hyundai hangs onto second spot within the month-to-month gross sales chart by retailing greater than 49,000 vehicles in November 2023, although it too skilled a drop in MoM efficiency at a drop of 10 %.
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-
With over 46,000 models bought in November, Tata retained the third spot within the gross sales desk. Of all of the remaining automobile manufacturers, Tata’s efficiency was probably the most constant in each MoM and YoY gross sales, with the bottom MoM lack of practically 5 %.
-
Mahindra firmly retains the fourth place in November 2023 by promoting practically 40,000 models. Although Mahindra’s MoM gross sales declined by 8.5 %, its YoY gross sales went up by over 32 %.
-
Kia was the fifth best-selling automobile model in India in November 2023, having bought greater than 22,700 models. Although Kia skilled a decline in each MoM and YoY gross sales, it’s anticipated to regain market share with the launch of the Kia Sonet facelift in early 2024.
-
Toyota bought practically 17,000 models final month and recorded the very best YoY progress of round 44 % in November 2023. However, its MoM gross sales went down by over 3,600 models, a decline of over 17 %.
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-
Even Honda skilled a drop in MoM gross sales of seven %. The Japanese carmaker retailed greater than 8,700 models in November 2023, recording constructive YoY progress of practically 24 %.
-
MG secured the eighth place on the month-to-month gross sales chart by promoting over 4,000 models in November. Despite a loss in MoM gross sales, the model maintained a constant YoY demand.
-
Skoda and Volkswagen are on the backside of this checklist, falling wanting the 4,000 models gross sales mark. Both manufacturers have skilled losses in each MoM and YoY gross sales. Volkswagen recorded the very best lack of 24.3 % in month-to-month gross sales.
