In September 2023, the Indian automobile industry celebrated a positive turn of events with almost 3.62 lakh passenger vehicle sales. This marked a noteworthy YoY (year-on-year) growth of over 2 percent and a MoM (month-on-month) increase of 0.7 percent, setting the stage for further sales uptick as the festive season approaches.
India’s Top OEMs Sales Figures
Maruti Suzuki, India’s largest OEM, ascended to the summit as the country’s premier SUV manufacturer, thanks to its well-received models like the Brezza, Grand Vitara, and Jimny. The Indo-Japanese automaker achieved a total retail figure of 1,50,812 units, a slight bump from 1,48,380 units in September 2022.
Meanwhile, Hyundai Motor India reached a significant milestone by achieving its highest-ever monthly sales, totaling 54,241 units. Noteworthy contributors to this feat were the Creta, Venue, and Exter models. Tata Motors, however, faced a YoY sales dip of 6.0 percent, recording a total of 44,810 units compared to 47,655 units in the same month the previous year. The decline in sales could be attributed to the impending launch of the facelifted versions of the Harrier and Safari.
Mahindra & Mahindra secured the fourth position with sales totaling 41,267 units, and the XUV700, in particular, achieved its highest-ever monthly sales figures. Toyota Kirloskar Motor continued to perform admirably, driven in part by its re-badged Maruti Suzuki models, registering sales of 22,168 units and experiencing an impressive year-on-year growth of over 44 percent.
India’s Top-Selling SUVs
| SUVs | Sep Sales |
| Tata Nexon | 15,325 units |
| Maruti Brezza | 15,001 units |
| Tata Punch | 13,036 units |
| Hyundai Creta | 12,717 units |
| Hyundai Venue | 12,204 units |
SUV sales remained at an all-time high, with the Tata Nexon reigning as India’s top-selling SUV, amassing sales of 15,325 units compared to 14,518 units in September 2022, marking a 6 percent sales growth. The Maruti Suzuki Brezza secured the second position with 15,001 units in sales, trailing closely behind the top-selling Nexon. Tata’s Punch retained its strong presence in the segment, securing the third spot with total sales of 13,036 units and a notable YoY growth of 6 percent.
In the mid-size SUV category, the Hyundai Creta maintained its leadership position, ranking as India’s fourth best-selling SUV in September 2023. The South Korean automaker successfully sold 12,717 units of the Creta, a modest decrease from the 12,866 units sold in the same month the previous year. Hyundai’s Venue, a subcompact SUV, posted monthly sales of 12,204 units, demonstrating a robust year-on-year growth of 11 percent, further solidifying its position in the competitive SUV market.
