Maruti Suzuki announced that its total sales increased 11.76% to 1,72,535 units in January 2023, up from 154,379 units in January 2022.
Passenger vehicle sales increased 14.29% to 1,47,348 units, while light commercial vehicle sales increased 13% to 4,019 units in January 2023 compared to January 2022.
Total domestic sales increased 13.71% to 1,55,142 units, while total exports decreased 3.03% to 17,393 units in January 2023 compared to January 2022.
The scarcity of electronic bits and bobs caused a slight hiccup in the assembly line of automobiles, primarily impacting our home-grown models. But rest assured, the company took every step in its power to soften the blow, said the company in an official statement.
Maruti Suzuki India manufactures, purchases, and sells automobiles, components, and spare parts (automobiles).
In Q3FY23, the company's consolidated net profit increased by 129.6% to Rs2,391.50 crore on a 25.5% increase in net sales to Rs27,852.60 crore compared to Q3FY22.
At around 2.51 PM, Maruti Suzuki was trading 2.33% lower at Rs8,688.10 per piece, against the previous close of Rs8,895.30 on NSE. The counter touched an intraday high and low of Rs9,030.45 and Rs8,673.90 respectively.
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