In a recent report on domestic car sales, Maruti Suzuki emerges as the undisputed leader, maintaining its stronghold on the market. The sales figures for 2023 reveal an impressive performance, with Maruti Suzuki recording a total sale of 17,07,668 units, marking an 8.35% increase compared to the 15,76,025 units sold in 2022.
Hyundai Secures the Second SpotSecuring the second position is Hyundai, showcasing a robust performance in the domestic market by selling 6,02,111 units in 2023. This represents a substantial 8.89% growth compared to the 5,52,511 units sold in the previous year.
Tata Motors Claims the Third SpotTata Motors takes the third position in the sales race, having recorded the sale of 5,50,871 units in 2023. This indicates a noteworthy improvement from the 5,26,798 units sold in 2022, reflecting a 4.57-unit increase.
Mahindra & Mahindra in the Top FiveMahindra & Mahindra secures the fourth position in the list of top car sellers, achieving a remarkable sales figure of 4,32,876 units in 2023. This demonstrates an impressive annual growth rate of 29.18%, compared to the 3,35,088 units sold in the previous year.
Kia Motors Holds the Fifth PositionKia Motors successfully maintains its presence in the top five, with a sales figure of 2,55,000 units in 2023. Although this reflects a marginal increase of 0.17% compared to the 2,54,556 units sold in 2022, the company continues to be a significant player in the market. In summary, Maruti Suzuki's dominance in the domestic car sales market remains unchallenged, with other leading automakers making noteworthy strides. The industry dynamics are evolving, and each player is striving to carve its niche in this competitive landscape.
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