Car Sales Report for May 2023: The Indian automotive industry witnessed a healthy growth in May 2023, as most carmakers and two-wheeler manufacturers recorded positive year-on-year (YoY) sales figures. The passenger vehicle (PV) segment was dominated by Maruti Suzuki, followed by Hyundai, Tata Motors, Mahindra and Kia. The utility vehicle (UV) segment also saw a significant growth, driven by the demand for models like Maruti Brezza, Ertiga, Fronx, Grand Vitara and XL6. In the two-wheeler segment, Hero MotoCorp took the pole position, followed by Honda Motorcycle & Scooter India (HMSI) and TVS Motor Company.
Contents
Car Sales Report for May 2023
Here are some of the key highlights and trends from the car sales report for May 2023:
- Maruti Suzuki sold a total of 1,78,083 units (domestic + exports) in May 2023. Which was an increase of 10.3% over 1,61,413 units sold in May 2022. The company also saw a YoY and year-to-date (YTD) growth in total PV and light commercial vehicle (LCV) sales, while total exports declined marginally.
- The mini segment of Maruti Suzuki, which comprised models like Alto and S-Presso, saw a YoY de-growth of 29.7%, from 17,408 units in May 2022 to 12,236 units in May 2023. The compact segment, which included models like Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, saw a YoY growth of 5.1%, from 67,947 units in May 2022 to 71,419 units in May 2023.
- The mid-size segment of Maruti Suzuki, which had a sole offering of Ciaz, saw a YoY growth of 69.3%, from 586 units in May 2022 to 992 units in May 2023. The UV segment of Maruti Suzuki saw a remarkable YoY growth of 64.8%, from 28,051 units in May 2022 to 46,243 units in May 2023. The company also launched its new crossover model Fronx in May 2023, which received a positive response from the customers.
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Hyundai Tata Motors & Mahindra Car Sales Report for May 2023
- Hyundai Motor India sold a total of 59,601 units (domestic + exports) in May 2023, which was a growth of 16.3% over 51,263 units sold in May 2022. The company also saw a YoY and YTD growth in both domestic and export sales.
- Tata Motors sold a total of 35,420 units (domestic + exports) in May 2023, which was a growth of 18.4% over 29,910 units sold in May 2022. The company also saw a YoY and YTD growth in both PV and LCV sales.
- Mahindra & Mahindra sold a total of 25,814 units (domestic + exports) in May 2023, which was a growth of 12.7% over 22,908 units sold in May 2022. The company also saw a YoY and YTD growth in both PV and LCV sales.
- Kia India sold a total of 16,111 units (domestic + exports) in May 2023, which was a growth of 14.5% over 14,074 units sold in May 2022. The company also saw a YoY and YTD growth in domestic sales.
Conclusion
The car sales report for May 2023 indicates that the Indian automotive industry is recovering from the impact of the COVID-19 pandemic and the subsequent lockdowns. The demand for PVs and UVs is expected to remain strong in the coming months, as customers prefer personal mobility over public transport. The two-wheeler segment is also likely to witness a steady growth, as rural markets drive the demand for affordable and fuel-efficient vehicles.
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