India Full Year 2023: Market above 4 million sales, Maruti Suzuki Swift #1, Tata Nexon #1 in December

The Maruti Suzuki Swift is the best-selling vehicle in India in 2023.

Explore 65 years of Indian Historical data here.

Thanks to an 8.3% year-on-year gain, new car wholesales in India cross the 4 million annual unit mark for the first time at 4,097,389 sales, smashing its previous record of 3,783,998 established just last year.  As a reminder the 3 million mark was eclipsed in 2017. The all time monthly volume record was beaten three times this year: at 360,230 in August, 362,836 in September and 390,853 in October. Maruti Suzuki (+8.4%) evolves like the market to 41.7% share as does Hyundai (+9%) at 14.7%. Tata (+4.6%) is a little weaker but ranked #2 in December above Hyundai. Mahindra (+30.1%) scores a solid gain and climbs above the 10% share milestone at 10.6%. Kia (+0.2%) follows ahead of an euphoric Toyota (+37.9%) which broke its all-time monthly volume record for three successive months: in July, August and September. MG (+18.4%) is up two spots on 2022 to #8 and Citroen (+56.4%) can’t muster more than 0.2% share.

Over in the models ranking, the Maruti Suzuki Swift (+15.3%) topples the Maruti Suzuki Wagon R (-7.4%), edging past in December. This is the second time the Swift is #1 annually in India after 2020. The Maruti Suzuki Baleno (+4.5%) drops one rank to #3 while the Maruti Suzuki Vitara Brezza (+30.7%) soars five spots to #4. The Tata Nexon (+1.2%) is down one to #5 but spectacularly topped the monthly charts in December, making it the only non-Maruti Suzuki model to do so in decades, potentially since 1984 when the Hindustan Ambassador is estimated to have led the charts. The Tata Punch (+15.6%) also impresses at #8 and ranked at a record #3 in December, with the Hyundai Creta (+11.7%) and Maruti Suzuki Eeco (+8.7%) also in positive in the remainder of the Top 10. Once the uncontested leader of the Indian market, the Maruti Suzuki Alto (-21.8%) freefalls to #12 this year. The Maruti Suzuki Fronx (#17) is the best-selling new launch above the Hyundai Exter (#30) and Honda Elevate (#45).

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

Two years ago: India 2021: Tata (+94.6%), Toyota (+71.8%) shine, first win for Maruti Suzuki Wagon R in market up 26.7%

Full December 2023 Top 14 All brands and Top 77 All models below.

Full Year 2023 Top 15 All brands and Top 94 All models vs. Full Year 2022 figures below.