41 Lakh Cars Sold in 2023 : Which Company Sold How Many Vehicles?

41 lakh cars sold in 2023

The year 2023 has been quite remarkable for the Indian auto sector, with 41 lakh cars sold in 2023. From brands like Maruti Suzuki, Tata Motors, and Hyundai, the four-wheeler segment presented customers with a wide range of new options. Additionally, there were also several new options in the form of electric vehicles.

41 lakh cars sold in 2023

41 lakh cars sold in 2023

In the year 2023, the passenger vehicle segment recorded a growth rate of 8.3%, with a total of 41 lakh cars sold in 2023, compared to 37,92,000 units sold last year. Meanwhile, in the month of December, a total of 287,904 units of vehicles were sold, which is now the monthly sales record. Prior to this, in December 2020, the highest number of 276,000 units of wholesale vehicles were sold.

41 lakh cars sold in 2023

Huge demand for SUV vehicles

Among all these, the most notable shift in car sales and demand has been the transition from small and entry-level cars to compact and feature-packed SUVs. In December, even renowned Maruti Suzuki, known for its affordable budget cars, experienced a significant setback in the entry-level car segment, particularly with models like Alto and S-Presso. The company only managed to sell 2,557 units in this category, a stark contrast to the previous figure of 9,765 units. Notably, 41 lakh cars sold in 2023. Now, let’s delve into the specifics of which brand sold how many cars in December and throughout the year.

41 lakh cars sold in 2023

Maruti Suzuki 

First, let’s begin with the leader in the passenger segment, Maruti Suzuki. If we consider the entirety of 2023, Maruti Suzuki has not only maintained its position but has also exceeded the impressive milestone of 2 million vehicles in sales. Between January and December, the company achieved a remarkable figure, selling a total of 2,066,219 units of vehicles (both domestic and export). Breaking it down further, Maruti Suzuki reported sales of 137,551 units of cars in the past 23 months, slightly lower than the December 2022 figure of 139,347 units.

However, it’s essential to note that in the domestic market alone, the company excelled by selling a total of 1.708 million units of cars in 2023, showcasing an impressive growth of 8.5% compared to the 1.576 million units sold in 2022. Adding to the industry-wide context, a staggering 41 lakh cars sold in 2023, reflecting the dynamic trends and preferences in the automotive market. Now, let’s delve into the specific details of which brand sold how many cars in December and throughout the year.

41 lakh cars sold in 2023

Hyundai

Hyundai India has achieved a significant milestone by attaining its highest domestic sales in a calendar year, surpassing the 600,000 sales mark. In CY23, the company posted impressive sales figures, reaching 602,111 units, marking a 9% increase from the 552,511 units sold in the previous year. Notably, December 2023 proved to be a robust month for Hyundai, with a total of 56,450 vehicles sold. This included 42,750 units in domestic sales and an additional 13,700 units exported.

Furthermore, Hyundai experienced a noteworthy 10% growth in exports, with 163,675 units shipped in CY23, compared to 148,300 units in CY22. As the industry-wide context reveals, a substantial 41 lakh cars sold in 2023, reflecting the dynamic trends and preferences that shaped the automotive market. Now, let’s delve into the specific details of how each brand performed in December and throughout the year.

41 lakh cars sold in 2023

Tata Motors

Tata Motors has reaffirmed its status as the country’s third-largest car manufacturer, maintaining its position in close competition with Hyundai. The company has accomplished notable success, with a total of 550,838 vehicles sold in the calendar year. In the specific context of December, Tata Motors recorded robust sales, with a total of 43,675 passenger vehicles sold, encompassing their electric car offerings as well.

Interestingly, this figure marks a substantial growth rate for the company, considering the sales of 40,407 units in December 2022. The impressive 8% growth in sales is indicative of Tata Motors’ resilience and adaptability in meeting market demands. As we reflect on the broader industry landscape, it’s noteworthy that a significant 41 lakh cars sold in 2023, reflecting the ever-evolving trends and preferences in the automotive sector. Moving forward, let’s explore the individual performance of other brands in December and throughout the year.

41 lakh cars sold in 2023

Mahindra

In December of the previous year, Mahindra & Mahindra (M&M), renowned as the country’s leading SUV manufacturer, demonstrated a commendable sales growth of 6% year-on-year (YoY), totaling 60,188 vehicles sold. This figure stands in contrast to the 56,677 units sold in December 2022, underscoring the company’s consistent performance. Moreover, within the passenger vehicle segment, Mahindra & Mahindra achieved notable success, with a total of 35,174 units sold in December 2023. This reflects a substantial 24% increase compared to the 28,445 units sold in the same month of the preceding year.

As we assess the broader automotive landscape, it’s noteworthy that a substantial 41 lakh cars sold in 2023, emphasizing the evolving dynamics and consumer preferences in the industry. In the ensuing discussion, we will delve into the specific performance of various brands in December and throughout the year.

41 lakh cars sold in 2023

Honda

Honda Cars India has disclosed its sales figures for December 2023, revealing a notable performance in both the domestic and export markets. This month, the company achieved a domestic sales figure of 7,902 cars, signaling a commendable 12% increase compared to the same period the previous year. In addition to the robust domestic sales, Honda demonstrated significant strides in the export sector, shipping 3,749 units of vehicles. This reflects an impressive growth rate of 170% when compared to the corresponding period in the preceding year.

Notably, in December 2022, Honda had recorded 7,062 units in domestic sales and exported 1,388 units. The substantial growth in both domestic and export figures in December 2023 underscores the brand’s resilience and ability to meet the evolving demands of the market. In the broader context of the automotive industry, where a remarkable 41 lakh cars sold in 2023, Honda’s performance adds to the dynamic tapestry of trends shaping the sector. Moving forward, let’s explore the individual performances of other brands in December and throughout the year.

41 lakh cars sold in 2023

Toyota

Toyota Kirloskar Motors, the distinguished manufacturer known for models like Fortuner and Innova, has marked a significant achievement as it concludes 2023. The Japanese automaker notched up impressive sales, surpassing 2.33 lakh units throughout the year, marking the highest annual sales for the brand to date. Reflecting a remarkable growth rate of 46% on a year-on-year basis, Toyota Kirloskar Motors has showcased its resilience and appeal in the competitive automotive market.

In the specific context of December 2023, the company continued its robust performance by selling 21,372 vehicles. This figure stands notably higher than the 17,818 units sold in the preceding month of November 2023. As we evaluate the overall industry landscape, it’s pertinent to note that a substantial 41 lakh cars sold in 2023, highlighting the diverse trends and consumer preferences shaping the automotive sector. In the subsequent discussion, let’s delve into the individual performances of other brands in December and throughout the year.

41 lakh cars sold in 2023

MG Motor

MG Motor India has shared an impressive update on its performance in the calendar year until December 31, 2023. The company reported the sale of a total of 56,902 vehicles, reflecting a remarkable 18% increase compared to the previous year. This marks a significant milestone for Morris Garages, considering the success it has achieved in just four years since entering the Indian market in 2019.

Zooming in on the specifics of December 2023, MG Motor India continued its positive trajectory by selling a total of 4,400 cars during the month. This figure indicates a noteworthy 13% annual growth when compared to the sales figures of December 2022. As we contextualize this within the broader automotive industry, where a substantial 41 lakh cars sold in 2023, MG Motor India’s achievements contribute to the evolving narrative of trends and preferences in the market. In the ensuing discussion, let’s explore the individual performances of other brands in December and throughout the year.