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India January 2023: Toyota (+73.7%), Mahindra (+66.4%), Kia (+48.2%) highlight record market (+17.3%)

Mahindra Scorpio sales are up 188% year-on-year in January.

New wholesales in India surge 17.3% year-on-year in January to 345,805 units, by far the biggest January volume in Indian history. Maruti Suzuki (+14.3%) trails the market but sees its share up to 42.6% vs. 41.6% over the Full Year 2022. Hyundai (+13.8%) is back up to the 2nd place it held over FY2022 above Tata (+17.7%). Mahindra (+66.4%), Kia (+48.2%) and Toyota (+73.7%) are all in outstanding shape below. Note Kia hits an all-time high volume this month at over 28,600 units. Honda (-25%) struggles but makes sure the Top 7 brands are identical to the FY2022 ranking. Skoda (+26.9%) and Citroen (+1910%) are also up below, whereas Renault (-63%) implodes.

Model-wise, the Maruti Suzuki Alto (+73.5%) rallies back up from #11 in December to snap its third win in the past four months. It distances last year’s leader the Maruti Suzuki Wagon R (+0.6%), the Maruti Suzuki Swift (-14%) and Baleno (+140.9%). Once again the Tata Nexon (+12.7%) is the best of the rest ahead of the Hyundai Creta (+52.4%). The Maruti Suzuki Vitara Brezza (+49.9%) and Tata Punch (+19.7%) also beat the market in the remainder of the Top 10 whereas the Maruti Suzuki DZire (-24.4%) slumps to #10. Notice also great performances by the Mahindra Scorpio (+188%), Bolero (+144.6%), Kia Carens (+1273.9%) hitting a new volume record, and the Maruti Suzuki Ignis (+193.1%). The Maruti Suzuki Grand Vitara is also at its all-time best this month.

Previous post: India 2022: Hyundai, Tata, Mahindra, Kia break records, Wagon R #1 in all-time high market (+23%)

One year ago: India January 2022: Tata Nexon and Punch break volume records in market dipping -2.8%

Full January 2023 Top 15 all brands and Top 70 all models below.

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