As per FADA data, it is for the first time in 8 months that the passenger vehicle segment has noted a YoY de-growth
Federation of Automobile Dealers Associations (FADA) has released retail sales data for April 2023. Growth was reported by 3W, tractor and commercial vehicles, while sales of 2W and PVs dipped on a YoY basis. PV sales in April 2023 stood at 2,82,674 units in April 2023, down 1.35 percent as against 2,86,539 units sold in April 2022.
It is for the first time in 8 months that negative growth has been reported for PVs which fell by 1.35 percent YoY. This dip in sales could be on account of added purchases made in March 2023 ahead of new emission standards coming into effect, while April is also the month in which most automakers resort to increase in prices. It was also a MoM de-growth in sales as against 3,28,124 units sold in March 2023.
Car Retail Sales April 2023
Once again, it was Maruti Suzuki that topped sales charts by a significant margin despite a YoY de-growth. Retail sales stood at 1,09,919 units in the past month, down from 1,13,682 units sold in April 2022. Market share was at 38.89 percent as against 39.67 percent share held in April 2022. Sales are scheduled to see some marked growth in the months ahead as Maruti Suzuki has two important SUVs added to its portfolio with the new Fronx and Jimny 5-door.
None of the other PV OEMs were able to cross sales above the 50,000 unit mark. At No. 2 was Hyundai Motors with 41,813 units in April 2023, up from 41,156 units sold in April 2022. Retail sales of Tata Motors improved to 41,374 units in April 2023, up from 36,815 units sold in April 2022. Market share also went up to 14.64 percent from 12.85 percent YoY.
Mahindra at No. 4 on the list also reported an increase in sales to 29,545 units in April 2023, a YoY growth over 23,981 units sold in April 2022. This took market share up to 10.45 percent from 8.37 percent held in April 2022. Mahindra continues to record strong growth for the Safari and XUV700, the latter of which has reached an important milestone of 1 lakh units since launch.
Kia Motor retail sales dipped to 16,641 units in the past month from 17,110 units sold in April 2022 bringing down market share to 5.89 percent. Toyota sales also increased YoY to 13,739 units from 13,554 units sold in April 2022. Sales were boosted by the new Hyryder SUV, prices of which have been increased from May 2023.
Skoda Group has seen a de-growth in retail sales, down to 6,755 units in April 2023 from 8,025 units sold in April 2022. Honda Cars also reported a YoY dip in sales to 5,572 units in the past month from 7,406 units sold in April 2022 bringing down market share to 1.97 percent from 2.58 percent held in April 2022.
MG Motor reported significant increase in retail sales in April 2023. Sales stood at 4,190 units up from 2,824 units sold April 2022. Renault and Nissan have both posted a YoY de-growth in retail sales down to 4,156 units and 2,246 units respectively. The two automakers had sold 6,840 units and 2,441 units in April 2022.
Luxury Car Retail Sales April 2023
In the luxury car segment, it was Mercedes Benz that saw sales exceed all others in this segment. Mercedes retail sales had been at 1,149 units in April 2023 from 1,061 units sold in April 2022. On the other hand BMW India sales dipped to 866 units last month from 1,004 units sold in April 2022. There was also Jaguar on this list with 150 units sold last month, up from 120 units sold in April 2022. Volvo (145 units) and Porsche (55 units) each posted a YoY growth in April 2023.
Citroen (PCA) recorded increased retail sales to 782 units in April 2023 from just 45 units sold in the same month last year while Fiat India sales dipped to 661 units last month from 974 units sold in April 2022. Force Motors retail sales increased to 513 units last month from 265 units sold in April 2022 while BYD India sales improved to 154 units from 21 units on a YoY basis. Isuzu Motors, sales of which improved to 147 units in April 2023 from 77 units sold in the same month last year. There were others that contributed 2,102 units to total retail sales, down from 8,956 units sold in April 2022.