Sales of domestic passenger vehicles surged 23% to 3.793 million units in 2022 as automakers shipped more vehicles to showrooms before price hikes in the new year. It has been a very positive year for the Indian automotive industry since it emerged from the shadows of the pandemic. Car manufacturers are likely to carry this momentum with many upcoming cars in 2023. In this comprehensive list, one will find all upcoming SUVs in 2023 or all upcoming cars in 2023 that will enter the Indian market this year.
Top upcoming cars in 2023
2023 Hyundai Grand i10 Nios
Among the 2023 upcoming cars of Hyundai and India's top-selling hatchbacks, the Hyundai Grand i10 Nios is the small hatchback in the Grand i10 series. The facelift model of the car is likely to be introduced early in 2023. There are estimates that the Hyundai Grand i10 Nios facelift is anticipated to cost Rs 6 lakhs at launch.
2023 Maruti Suzuki Swift
In the market, the Maruti Suzuki Swift is in its third generation and has been quite a success. At the next Indian Auto Expo in 2023, Maruti Suzuki is estimated to unveil the next generation of Swift or a renovation of the current model. The price is anticipated to start at Rs 6 lakhs.
Hyundai's micro SUV (Tata Punch rival)
It has been reported that Hyundai India is testing (under camouflage) a micro SUV which could compete with the kinds of Tata Punch in the country's market. In a segment where SUVs are available in every price range, a micro SUV might appear as a better option than a hatchback. It is anticipated that this micro SUV will be a version of the international Hyundai Casper, renamed for the country's market according to the test mule. The Hyundai micro SUV is estimated to be priced at a starting range of Rs 6.5 lakhs in India, below Venue's position in the company's product lineup.
Citroen eC3
In September of last year, Citroen had scheduled an event to unveil its electric version of its C3, but they postponed it. This will make Citroen's electric C3 introduction in 2023. Recently, Citroen India posted a post on their social media account revealing the name of their upcoming car in 2023 -- the 'eC3'. Compared to the Tata Tiago EV, the Citroen eC3 will race in the domestic market against the Tata Tiago EV. Everyone is anticipating to see how Citroen prices its product line since the Tiago EV has been priced at Rs 8.49 lakhs. Even though Citroen might be hesitant to undercut Tata, it is anticipated that the eC3 will come with a price tag below Rs 10 lakhs. This is one of the anticipated electric cars coming in 2023.
Honda sub-4M SUV
In India's car market, there has been a significant shift from hatchbacks to SUVs. Most producers have benefited from this shift, except Honda, which has struggled to keep its sales charts afloat. Honda is considered to be one of the few car producers in the country that has yet to duplicate the level of growth that was received by most car brands in the country in 2022. There is a good chance that Honda will be able to turn things around in 2023 with the onset of a subcompact SUV. Honda has reportedly been considering a sub-4M SUV for India's market, and with India's automobile market currently experiencing a boom, now is not a bad time to make a change. There is a chance that Honda will price the sub-4M SUV at around Rs 8 lakhs.
Honda Brio
Honda hasn't declined the likelihood of the Brio returning to the Indian market. Presently, SUVs account for 40% of the Indian car market, while hatchbacks account for 35% of the market. Honda could start doing well again in India's market with the introduction of the small hatchback. Combining an SUV with a hatchback might be a good recipe for success, especially since the company is already planning an SUV. It is estimated that the Honda Brio will have a starting price of Rs 5 lakhs when it makes its path into the Indian market if it does so.
EV9 Concept
Kia's EV9 concept will be unveiled at the LA Motor Show in November 2022 as a preview of its flagship all-electric SUV. Featuring a rugged appearance and an upgraded version of Kia's 'Tiger Face' grille, the concept offers a new front air-vent design. The SUV's aerodynamic efficiency has improved as a result of reducing frontal mass. In addition to the solar panels on the front ducts, 22-inch alloy wheels also enhance aerodynamic efficiency. With a 77.4kWh battery pack, the EV9 will follow the same E-GMP architecture we have in India.
Mahindra XUV400
Among the new cars coming in 2023, Mahindra is expected to announce the price of the XUV400 in January 2023. The XUV400 is a larger SUV than the XUV300 and is claimed to have a range of 456 kilometres, which is longer than the XUV300. As well as altering the exterior design, Mahindra has added some new features to the interior of its 2023 upcoming car as well.
Conclusion
Once a buyer has decided on their dream vehicle from the upcoming SUVs in 2023, they can easily finance their car. Most car loans offer only up to 80% of the value of the car, and the rest needs to be funded by the buyer. In such cases, a personal loan is helpful. If someone wants to buy one of the new cars coming in 2023, it is important to make sure that their budget will not be stretched.
Tata Capital can help in financing one's dream car with their easy-to-get vehicle loans for 2023 upcoming cars. Click here to learn more about their flexible and quick vehicle loans at competitive interest rates.
27 March 2024
5 mins read
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