The positiveness in the Indian car market continues as we see a whopping 30.92% increase in overall car sales in November 2022 when compare to the same last year. This goes to show a very positive sign for car makers because India seems to have completely revived from the COVID-19 outbreak and lockdown.
November 2022 – A great month for automakers in India
Also, a lot of experts believe those lockdowns have fueled the Indian people to go for their personal vehicles which have again boosted the Indian car market. In the month of November 2022, there were around 3,20,564 cars delivered to customers and almost all the major OEMs enjoyed a healthy increase in overall car sales.
Now, if you see the results closely you will see Maruti Suzuki remains the undisputed leader even in November 2022 with a gigantic 41.30% market share and a growth of 20.66% YoY for overall car sales. However, its market share is decreasing as a whole if compared to previously because of a number of players in the market alongside the uprising of Tata Motors and Mahindra Automotive.
Both these Indian car brands have commanded a 23% market share, which is impressive and goes to show their demand in the market. The South Korean giant Hyundai and its sister Kia easily make it into the top 5 list commanding a total market share of 22%, impressive numbers though.
Other brands like Honda, Renault, Skoda, MG Motors and others have enjoyed significant uplift in car sales compared to the same last years. However, things aren’t looking good for Toyota and Nissan, but we expect Toyota’s market share to get better with the newly launched Innova Hybrid and Urban Cruiser Hyryder.
What do you feel about the uprising of Indian car sales in November 2022 and the market as a whole? Do let us know in the comments below…😁