Maruti Suzuki records its biggest monthly sales in history in September

3 Oct 2023 , 11:52 AM

Maruti Suzuki India, achieved its greatest monthly sales ever in September 2023. Last month, the company’s overall wholesales grew 2.8% year over year (YoY), from 176,306 units despatched to dealers in the same month last year, to 181,343 units.

Domestic sales of 153,106 units, sales to other OEM of 5,726 units, and exports of 22,511 units make up the total sales for the month.

Maruti Suzuki’s overall sales in the months of April through September exceeded the ten thousand mark. In comparison to 985,326 units in the same time of the previous fiscal, the corporation delivered 10,50,085 units in the first half of the current fiscal.

The business has already sold more than 1 million vehicles in a half year for the first time, according to the automaker.

Sales of domestic passenger vehicles (PV) increased to 150,812 units in September from 148,380 units in September 2022, an increase of 2%.

Sales of the company’s entry-level vehicles, the Alto and S-Presso, fell by 65% to 10,351 units from 29,574 units in the same period last year. Compact car sales also declined last month, down from 72,176 units year over year to 68,552 units.

Up until the end of September, the company’s PV market had never surpassed the 3-million-unit threshold.

However, from 32,574 units in September of last year to 59,271 units last month, utility vehicle dispatches increased by a strong 82%.

Total export sales for the company increased to 22,511 units from 21,403 units in the same time last year.

Over the past three months, Maruti Suzuki stock has increased by more than 11%, and year-to-date (YTD), the stock has increased by more than 26%.

On Friday, Maruti Suzuki’s stock price on the BSE finished 0.33% higher at 10,601.70 per share.

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