Maruti Suzuki's August Production Rises 2.2%, Sales Drop 3.9% YoY

3 Sep 2024 , 04:00 PM

Maruti Suzuki India Ltd reported a 2.2% year-on-year (YoY) increase in total production for August 2024. The production rose to 1.69 lakh units, up from 1.65 lakh units in August 2023.

The company experienced a 3.9% YoY decline in total sales for August 2024, with 1,81,782 units sold compared to 1,89,082 units in August 2023. Despite the decline, Maruti Suzuki’s total sales slightly exceeded CNBC-TV18’s estimate of 1.79 lakh units.

Domestic passenger vehicle sales dropped by 8% to 1,43,075 units, down from 1,56,114 units in the previous year.

Sales in the mini segment, including models like Alto and S-Presso, decreased to 10,648 units from 12,209 units. Compact car sales, including models like Baleno and Swift, fell by 20% to 58,051 units, compared to 72,451 units last year.

Utility vehicles, such as Grand Vitara and Brezza, saw a 7% sales increase to 62,684 units, up from 58,746 units.

Sales of the Eeco van slightly declined to 10,985 units from 11,859 units. The Super Carry light commercial vehicle saw a minor decrease in sales to 2,495 units from 2,564 units.

Exports rose by 5.6%, reaching 26,003 units compared to 24,614 units in the same period last year. Total domestic sales, including passenger vehicles, light commercial vehicles, and OEM sales, fell by 5.3% to 1.55 lakh units, down from 1.64 lakh units in August 2023.

Maruti Suzuki India Limited is a subsidiary of the Japanese automaker Suzuki Motor Corporation. The company was founded in February 1981 as Maruti Udyog Limited, a joint venture between the Government of India and Suzuki. Maruti’s first production facility was established in Gurugram, Haryana, in 1982.