The Indian car market saw a YoY growth of 2.51% in June 2023, with 3,28,909 units sold. This was a slight dip from the MoM sales of 3,35,531 units sold in May 2023.
Maruti Suzuki continued to be the market leader, with sales of 1,33,027 units, an 8.4% YoY increase. Hyundai was the second-best-selling brand, with sales of 50,001 units, a 2% YoY increase. Tata Motors was third, with sales of 47,240 units, a 4.5% YoY increase.
Top 3 selling car models in June 2023 were:
- Maruti Suzuki Wagon-R (17,481 units)
- Maruti Suzuki Swift (16,339 units)
- Hyundai Creta (15,487 units)
Top 3 selling SUV models in June 2023 were:
- Hyundai Creta (15,487 units)
- Maruti Suzuki Brezza (13,312 units)
- Kia Seltos (12,995 units)
The easing of semiconductor supplies has led to a spurt in dispatches by automakers and increased dealer network stock. The stock levels at dealerships have already reached pre-covid levels and the waiting period has now reduced for all models. The OEMs are now gearing up for new launches before the festive period.
Here are some of the key trends that were observed in the car sales in June 2023:
- The demand for SUVs continued to be strong, with the top 3 selling SUV models accounting for over 33% of the total sales.
- The entry-level hatchback segment also performed well, with the Maruti Suzuki Wagon-R and Maruti Suzuki Swift being the top-selling models in their respective segments.
- The midsize sedan segment saw a decline in sales, with the Honda City and Hyundai Verna being the top-selling models in their respective segments.
- The luxury car segment continued to be sluggish, with sales of only 10,000 units in June 2023.
Overall, the car sales in June 2023 were positive, with a YoY growth of 2.51%. The easing of semiconductor supplies and new launches are expected to drive the growth of the Indian car market in the coming months.
Top 11 Car Brand Sales in June 2023
| Brand | Units Sold (June 2023) | Unit Sold (June 2022) | YoY Growth (%) |
| Maruti Suzuki | 1,33,027 | 1,22,685 | 8.40% |
| Hyundai | 50,001 | 49,001 | 2.00% |
| Tata Motors | 47,235 | 45,200 | 4.50% |
| Mahindra & Mahindra | 32,588 | 26,575 | 22.62% |
| Toyota | 19,608 | 16,512 | 18.75% |
| Kia | 19391 | 24,024 | -19.30% |
| Renault | 5450 | 9,317 | -41.50% |
| Honda | 5,080 | 7,834 | -35.15% |
| MG Motors | 5121 | 4,503 | 13.7% |
| Skoda Auto | 3966 | 6,023 | -34.15% |