Car Sales In November 2023: The Indian automotive industry witnessed a landmark achievement in November 2023, recording the highest ever wholesale sale of passenger vehicles for the month. A staggering 3.35 lakh passenger vehicles were sold across the country, surpassing all previous records for November. This figure marked a significant increase compared to November 2022, when 3.22 lakh passenger vehicles were sold, showcasing a healthy growth of 3.9 percent year-on-year.
Leading the charge in this booming market was Maruti Suzuki, which maintained its position as the top-selling brand. In November 2023, Maruti Suzuki achieved domestic sales of 1,34,158 passenger vehicles, registering a modest but notable increase of 1.33 percent over the 1,32,395 vehicles sold in the same period the previous year. This steady growth underscores Maruti Suzuki’s enduring popularity in the Indian market.
Shashank Srivastava, the senior executive officer (marketing and sales) at Maruti Suzuki India, expressed pride in this achievement. He remarked, “This is the highest ever wholesale sales figure in November for the passenger vehicle segment.” This statement not only highlights Maruti Suzuki’s success but also indicates the overall robust health of the passenger vehicle market in India.
Following Maruti Suzuki, Hyundai clinched the second spot in terms of sales. In November 2023, Hyundai’s domestic sales reached 49,451 cars, showing a growth compared to the 48,002 units sold in November 2022. Notably, SUVs were a major contributor to Hyundai’s sales, accounting for 68 percent of its total sales, reflecting the growing consumer preference for this vehicle segment in India.
Tata Motors secured the third position in the November sales race. The company sold a total of 46,143 units, including electric vehicles (EVs), in the month. Although this represented a slight decline of 1 percent from the 46,425 units sold in the same month a year ago, Tata Motors’ performance, particularly in the EV segment, is indicative of the changing dynamics and increasing diversification of the Indian automotive market.
These sales figures from major players like Maruti Suzuki, Hyundai, and Tata Motors not only highlight the competitive nature of the Indian automotive market but also reflect the changing consumer preferences and the increasing importance of sustainable and diverse vehicle options such as EVs. The record-breaking sales in November 2023 serve as a testament to the resilience and growth potential of the Indian passenger vehicle sector.