The Indian automobile sector has had a dreadful 2020 and a reasonably decent 2021, but it is now steadily improving. Well, the number of passenger cars sold is increasing month over month. Consequently, this has contributed to the market’s growth, particularly in 2022. Having said that, almost all the carmakers in India registered positive growth in October 2022 compared to the same month last year. So, let’s dive further and see how the automakers did in October 2022.
Brands Sales Report October 2022 |
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Manufacturer | October 2022 | October 2021 | Y-O-Y | % Share Oct 2022 |
Maruti Suzuki | 1,40,337 | 1,08,991 | 28.76% | 41.73 |
Hyundai | 48,001 | 37,021 | 29.66% | 14.27 |
Tata | 45,217 | 33,925 | 33.29% | 13.45 |
Mahindra | 32,298 | 20,130 | 60.45% | 9.60 |
Kia | 23,323 | 16,331 | 42.81% | 6.94 |
Toyota | 13,143 | 12,440 | 5.65% | 3.91 |
Honda | 9,543 | 8,108 | 17.70% | 2.84 |
Renault | 7,778 | 8,910 | -12.70% | 2.31 |
MG (Retail) | 4,367 | 2,863 | 52.53% | 1.30 |
Volkswagen | 3,510 | 3,077 | 14.07% | 1.04 |
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Maruti Suzuki – 1,40,337 units
Maruti Suzuki, the preferred automaker in India, is once again in the lead. Well, Indians simply adore the way Maruti Suzuki builds its automobiles. The sales number is anticipated to increase further with the introduction of even more advanced cars like the Maruti Suzuki Brezza and Grand Vitara.
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Nevertheless, 60% of the vehicles are from this brand, even among the top 10 vehicles sold in India. Overall, Maruti Suzuki sold 1,40,337 units of automobiles in October 2022. Compared to October 2021, when the business sold 1,08,991 units of cars, these figures represent an increase of around 28.76%.
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Hyundai – 48,001 units
Month after month, the race for second place continues. And this time again, the Hyundai is leading Tata motors by about 2,784 cars. Hyundai India sold 48,001 automobiles in the nation in October 2022.
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Hyundai sold 37,021 automobiles in October of last year, which is around 29.66% Y-O-Y growth. Sales are expected to rise due to the upgraded Hyundai Venue and the impending Creta facelift.
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Tata – 45,217 units
Tata Motors, which is in third place, is challenging Hyundai for its second place. The Indian automaker came close to taking second place multiple times in previous months. This is because er, Tata is doing quite well because its product line includes some of the safest vehicles in India.
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Well, the sales figures are far higher than they were in October 2021. The organization had a startling 33.29% Y-O-Y growth in October 2022 over last year, bringing its totals to 45,217 units.
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Mahindra – 32,298 units
Mahindra, another automaker from India, stands in the fourth position with 32,298 units sold in October 2022. Not that Mahindra can’t sell more automobiles; it’s just that the business prefers to keep customers waiting until they are sufficiently enthusiastic. If even that works.
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Additionally, Mahindra has seen remarkable success because of its redesigned SUV lineup. When compared to the previous year’s figures, the corporation saw a Y-O-Y growth of 60.45% increase. Mahindra sold 20,130 units of SUVs in October 2021.
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Kia – 23,323 units
Another Korean automaker, Kia, is listed fifth. Since its establishment in India, the automaker has done pretty well, which is impressive given how few foreign automakers can thrive there.
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Kia sold a total of 23,323 automobiles across the nation in October 2022. When compared to October 2021, when the company sold 16,331unit of cars, these figures are 6,992 units more
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Toyota – 13,143 units
Toyota is the next automaker, and it still has a respectable market share in the nation. Toyota has been pretty consistent in Sales numbers. Additionally, because Toyota and Suzuki are partners, they work together to create superior products.
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However, we do anticipate a significant increase in the company’s sales with the introduction of new Toyota vehicles. Stated that Toyota sold 12,440 units in October 2021, whereas last month, the company sold 13,143. This means the company registered a Year-On-Year growth of 5.65%.
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Honda – 9,543 units
Honda should have been at least among the top 5. With only 9,543 vehicles sold in October 2022, Honda competes with the Indian automaker at seventh place. Compared to last year’s last month, the carmaker has increased its sales by 1,435 units. Meaning in October 2021, the company sold a total of 8,108 units of cars.
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Having said that, the Honda City is currently the company’s best-selling vehicle. The automaker also intends to introduce a number of vehicles in India to regain the momentum it lost over the years.
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Renault – 7,778 units
Nissan is not able to achieve as much traction as it once did, despite certain recent introductions and respectable aftersales service. Renault sold 8,910 automobiles in the nation in October 2021. And just 7,778 cars were sold in the previous month.
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This is a loss of roughly 12.70% year over year. Having said that, the automaker currently has a variety of vehicles in its lineup, including the Renault Kiger, Renault Triber, and Renault Kwid. Sadly, in the first half of 2022, the venerable Renault Duster was terminated.
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MG (Retail) – 4,367 units
Another car manufacturer that is slowly increasing its car sales is the Chinese automaker with British ownership MG. When the MG Hector was originally introduced, the company attracted a lot of attention, and customers did pay the necessary attention to the MG.
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But eventually, there was a sharp decline in sales. However, with time the company is taking the necessary steps to overcome the loss. Hence, the company sold 4,367 automobiles in October 2022 instead of 2,863 units in October 2021. This represents a gain of 1,504 units of cars.
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Volkswagen – 3,510 units
Next up is the German carmaker Volkswagen. Skoda, a division of Volkswagen, outsold it in terms of vehicle sales. In October 2022, Volkswagen sold 3,510 cars in India. Consequently, the business had Year over Year growth of 14.07%.
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Because of several new product launches, these numbers are stronger than the sales month from the previous year. The business sold 3,077 units in the nation in October 2021. Additionally, it is believed that Volkswagen would gain more traction over time, given how well the cars stand up.
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