Maruti WagonR, Baleno, Alto and Swift were among the top 4 highest selling passenger vehicles in FY 2023
There were several factors that worked for and against the passenger vehicle segment in India in the past fiscal year. Inflation continued to remain high through the year while shortage of chips affected timely production. This led to longer waiting periods with some orders being cancelled due to extended delivery.
On the flip side, higher disposable incomes, the opening up of the economy after months of pandemic situation in the country and strong demand felt during the festive season, boosted sales. Buyers were also keen to make their purchases ahead of new fuel emission regulations coming into effect. Total sales stood at 30,86,969 units in FY 2023. This was a 26.14 percent growth over 24,47,213 units sold in FY 2022 relating to a volume increase of 6,39,756 units.
Top 50 car Sales FY 2023 – Wagon R No 1
Maruti Suzuki India Limited saw the largest number of its models in the top 10 list with each one posting YoY increase in sales. It was the WagonR that commanded the most attention. There were 2,12,340 units sold in FY 2023, up 12.45 percent over 1,88,837 units sold in FY 2022 to command a 6.88 percent share on this list.
At No. 2 was the Maruti Baleno with 2,02,901 units sold in the past financial year, up 6.57 percent when compared to 1,48,187 units sold in FY 2022. This related to a 54,714 unit volume growth and the Baleno commanded a 6.57 percent share. Alto (800 + K10) sales also increased substantially by 23.79 percent in FY 2023 to 1,79,698 units, up from 1,45,167 units sold in FY 2022. It was followed by the Swift hatchback of which 1,76,902 units were sold in the past financial year, up 5.41 percent over 1,67,827 units sold in FY 2022.
Tata Nexon emerged as the largest-selling SUV in FY2023. Sales increased by 38.68 percent to 1,72,138 units in FY 2023 up from 1,24,130 units sold in FY 2022. Set to boost sales even further, the company has introduced the Tata Nexon EV Max Dark at Rs 19.04 lakh (ex-showroom).
At No. 6 was Maruti Suzuki DZire with sales of 1,50,400 units in FY 2023, up 16.78 percent over 1,28,790 units sold in FY 2022. Maruti DZire also topped the sedan list in March 2023, scaling over the Amaze, Aura and Verna by a significant margin. Positive sales growth in FY 2023 was also seen in the case of Hyundai Creta (1,50,372 units), Maruti Brezza (1,45,665 units), Tata Punch (1,33,819 units) and Maruti Eeco van (1,31,191 units).
Maruti Ertiga sales also increased 8.99 percent YoY to 1,27,679 units in FY 2023 from 1,17,150 units sold in FY 2022 while Venue sales were higher by 14.81 percent YoY to 1,20,653 units in FY 2023. There were also 1,08,841 units of Hyundai Grand i10, 1,00,577 units of Bolero and 1,00,132 units of Seltos sold in FY 2023.
Car Sales Under 1 lakh FY 2023
Passenger vehicles that featured in the sub-1 lakh sales range included the Kia Sonet (94,096 units), Hyundai i20 (82,612 units), Tata Tiago (77,399 units), Mahindra Scorpio/N (76,935 units) and Kia Carens (70,314 units). Each of these posted a YoY growth in sales over that seen in FY 2022. Sales growth was also reported for the XUV700 (66,473 units) and XUV300 (60,968 units) in FY 2023 and also for the Celerio (60,634 units) and Ignis (59,852 units). YoY sales dipped for the Altroz and S-Presso to 57,819 units and 53,213 units. This was a 7.11 percent and 20.09 percent YoY de-growth respectively.
The list went on to show off positive YoY growth for the Grand Vitara (51,315 units), Aura (49,832 units), Honda Amaze (48,439 units), Mahindra Thar (47,108 units) and Tigor (46,173 units). Sales however dipped 18.43 percent for the Innova Crysta to 44,223 units. At the end of March 2023, Toyota launched the 2023 Innova Crysta that is sure to push sales in the months ahead.
Glanza (39,766 units), XL6 (36,423 units), Honda City (35,038 units) Renault Triber (32,664 units) and Nissan Magnite (32,546 units) also featured on this list out of which it was only the Glanza an Triber that posted a YoY growth in sales. Magnite sales also fell 4.01 percent to 32,546 units in FY 2023.
Fortuner (30,688 units), Harrier (30,635 units) saw increased YoY demand while sales of the Kiger fell by 8.71 percent to 26,764 units in FY 2023. Lower down the order was the Alcazar (26,696 units), MG Hector (25,575 units), Kushaq (25,300 units), new Hyryder (22,839 units), Slavia (22,351 units) and Urban Cruiser (22,158 units). The list ended with Taigun (21,736 units), Safari (20,657 units), Verna (19,769 units) and Kwid (19,498 units).