Car Sales in 2023: The Indian automobile market witnessed record-high sales of 41.8 lakh units in 2023 in the passenger vehicles category. The record-high sales have translated into a growth of 8.3 per cent when compared to 2022. The SUV segment contributes the biggest part to the overall number of cars in India in 2023. Despite multiple price hikes announced by the automakers, the auto market has registered decent growth. Along with this, the average price of vehicles also increased from 10.59 lakh in 2022 to 11.5 lakh in 2023. Check out more details below.
Maruti Tops the Sales Charts in 2023
India’s biggest automaker, Maruti Suzuki has again proved its dominance in the Indian auto market by alone registering half of the sales from the reported 41.8 lakh vehicles. Other automakers with the highest sales include Tata Motors, Hyundai Motors and Toyota Kirloskar Motors.
Maruti Officially Said…
“If you look at January to December 2023, wholesales crossed 41.08 lakh. This is the first time the industry has ever crossed the 4 million mark. That, I think is a huge milestone in the history of the Indian passenger vehicles (PV) industry,” Maruti Suzuki India Senior Executive Officer, Marketing and Sales, Shashank Srivastava told reporters in a call.
“Most of the growth in the industry was largely driven by SUVs, which grew by 26 per cent,” Srivastava said. He also added, “The SUV percentage went up from 42 per cent in 2022 to 48.7 per cent in 2023. For hatchbacks, it has come down from 34.8 per cent to 30 per cent in the calendar year 2023, sedans also decreased from 11 per cent to 9.4 per cent while for multi-utility vehicles it remained the same at 8.7 per cent.”
“This is the first time ever in a calendar year that Maruti Suzuki’s total sales exceeded 2 million units… This was also the highest ever rural sales at 7.76 lakh and highest ever pre-owned car sales at 4.68 lakh,” Srivastava said, adding the company’s premium retail outlet NEXA also clocked its best ever annual at more than 5 lakh units.
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