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Maruti Suzuki logs sale of 1,97,471 units in February

20 Mar 2024 , 11:58 PM

Maruti Suzuki India stated on Friday that total wholesales increased by 15% year on year to 1,97,471 units in February. In the same month last year, Maruti Suzuki India Ltd (MSIL) shipped a total of 1,72,321 cars, according to a company statement.

The total sales of domestic passenger cars rose by 9%, reaching 160,271 units compared to 147,467 units in the corresponding month of the previous year. However, there was a decline in the sales of mini-segment vehicles, such as the Alto and S-Presso, dropping from 21,875 units in February 2023 to 14,782 units.

Compact car sales fell 10% to 71,627 units, down from 79,898 units the previous year. Utility vehicles, including the Brezza, Ertiga, Grand Vitara, and XL6, sold 61,234 units last month, up 82 percent from 33,550 units the previous year, according to the business.

MSIL said that its exports this month totaled 28,927 units, up from 17,207 units the previous year.

Further, Maruti Suzuki is planning to introduce a new generation of Swift in the Indian markets. The hatchback has already been unveiled in Japan and will soon be paving its way to Indian customers. The new model would not only be a cosmetic upgrade but also get an all-new engine.

The new engine would be a three cylinder unit as compared to the previous four-cylinder unit that is currently being sold in the Indian market. Suzuki stated that it has made the said changes in favour of more low-end torque and better fuel efficiency.

In markets other than India, the new engine is equipped with a CVT automatic transmission. It is expected that the Indian customers will get a 5-speed manual gearbox and an AMT transmission.

At around 10.20 AM, Maruti Suzuki was trading flat at ₹11,581.95 per piece, against the previous closing price of ₹11,567.20 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com


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