In graphs: Indian passenger vehicle market analysis for Q1 2023

SUV-style products now command 45% of the Indian passenger vehicle market.

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Q1 2023: Indian passenger vehicle market analysis:

• The Indian passenger vehicle market grew by 10.8% in Q1 2023.
• Wholesale in all three months remained over 3 lakh units.

Passenger vehicle brand:

• Maruti grew by 8%; however, it lost market share by 1.2%.
• Mahindra, Toyota, and Kia gained significant market share in Q1 2023.

Top 20 products:

• Maruti Wagon R continues to be the best-selling car in the Indian market.
• Maruti Brezza became the bestselling SUV.

Body style:

• SUV-style products now command 45% of the Indian passenger vehicle market.
• Honda’s entire portfolio is made up of sedans only.

• Mahindra holds the biggest share of the SUV segment.
• Maruti dominates everywhere else.

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