Monthly New Car Sales in India: A Comprehensive Overview

  • Passenger vehicle sales witness 17.3 percent YoY growth
  • Maruti Suzuki continues to lead the sales charts
  • Tata Motors is closing in on Hyundai for second place

Monthly New Car Sales in India: A Comprehensive Overview

Indian passenger new car segment has just witnessed a huge uproar in sales over the last 80 days owing to the festive season. According to a report, the country’s automotive segment sold over 11.4 lakh units to generate a total revenue of Rs 1.3 lakh crore at an average ticket size of Rs 11.5 lakh. These numbers came as a sigh of relief for the segment that was plagued with semiconductor shortages and long lead times for over two years.

SUVs were the order of the day with Maruti Suzuki, Hyundai, Tata Motors and Mahindra controlling the top spots. In this story, we shall look at OEM-wise sales records for the month of October 2023 and also analyse the top-selling models for each brand.

Maruti Suzuki Cars

Maruti cars

Once again Maruti Suzuki claimed the top spot on the sales chart. The homegrown automaker produced and sold a total of 1.68 lakh units in October 2023. Compared to 2022 figures the brand witnessed a 19 percent increase thanks to the introduction of new models like the Maruti Suzuki Invicto, Fronx and Jimny.

Among the many segments that Maruti Suzuki cars operates, the compact vehicle segment continues to be the volume driver with a total sales of 80,662 units. This segment includes models like the Maruti Suzuki Baleno, Celerio, Dzire, Ignis, Swift and the Maruti WagonR.

The compact vehicles were closely followed by the SUV and MPV segment which accounted for 35 percent of the total sales. Among these, Maruti Suzuki Brezza led the way with 16,050 units, trailed by Maruti Suzuki Fronx and Grand Vitara with 11,357 and 10,834 units respectively. Mid-size sedan segment recorded the least sales with just 695 units sold all through the month.

Read Also: Upcoming Maruti Cars to Look Out for in 2024

Hyundai Cars

Hyundai cars

Second best for the month of October was Hyundai Motor India Limited. With total sales of 55,128 units the company witnessed 14.84 percentage. Unlike Maruti Suzuki which depends on its mini/compact models for numbers, SUV segment is Hyundai’s best seller.

Due for a major update in 2024, the Hyundai Creta takes the top spot with 13,077 units sold which is 10 percent more than the figures from 2022. Next best seller for the brand was the Venue which sold 11,581 units to retain third spot in the sub-compact SUV segment behind the Tata Nexon and the Maruti Suzuki Brezza.

Other popular models from the brand includes the all-new Exter SUV, i20 and the Grand i10 NIOS hatchback.

Tata Motors

Tata cars

Next OEM on the list is Tata Motors which sold over 48,637 units throughout the month. The company witnessed two massive launches in the Tata Safari and Harrier Facelift which are key to it becoming the second largest OEM in the country soon.

Tata Nexon remained the top-selling model for the company and the best seller in the sub-compact SUV segment with a 16,887 units sold. The facelift and the flexibility with multiple powertrain options majorly helped the Nexon maintain its position as the leader and Tata expects sales to steadily increase for the model in the coming months. Despite stiff competition from Hyundai Exter, the Punch managed a 39 percent increase in sales to 15,317 units becoming the second best-selling model for the company.

Read Also: Tata Motors Electric Portfolio in India

Mahindra Cars

mahindra cars

With total sales of 43,708 units, Mahindra & Mahindra is the next best seller OEM for the month of October 2023. With its fleet of SUVs, the company has quickly manged to climb up the sales ladder while still maintaining a backlog of 2.86 lakh orders. The Mahindra Scorpio N with 13,578 units was the highest selling model for the brand. The Scorpio was followed by the Mahindra XUV700 and the Mahindra Thar off-roader both of which have been widely acclaimed for their value for money and first-in-segment features.

2024 is expected to be a big year for Mahindra cars, as it plans to introduce the first crop of its Born Electric SUVs based on the INGLO architecture.

KIA Cars

Kia cars

The last OEM on this list is the South Korean manufacturer, Kia Cars. First launched in 2019, the young brand has quickly become the crowd favourite for its luxury in-cabin experience and revolutionary SUV design. For the month of October 2023, Kia recorded a 4.41 percent Y-o-Y growth to 24,351 units. The recently updated KIA Seltos takes the top position in sales with a total of 12,362 units sold. Other popular models include the Kia Sonet with 6,493 units, Carens with 5,355 units and the flagship EV6 electric SUV with 141 units.

Kia cars has a busy 2024 planned with numerous launches including the Kia Sonet Facelift, Next-Gen Kia Carnival and more.

This was a comprehensive list of all the best-selling models and brands for October 2023. Let us know which model is your favourite.

Read Also: Upcoming Cars and SUVs Launching in India 2024

Maruti Suzuki Jimny
Starting at ₹ 12,74,000
EMI Starting at ₹ 17,871
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Mahindra XUV 700
Starting at ₹ 13,99,000
EMI Starting at ₹ 19,625
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Hyundai Creta
Starting at ₹ 10,99,900
EMI Starting at ₹ 15,429
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