Maruti Suzuki logs 5% y-o-y growth in February sales

1 Mar 2023 , 03:23 PM

Maruti Suzuki India Limited, one of India’s leading automakers, sold 172,321 units in February 2023. In February, its total sales included domestic sales of 150,823 units, sales to other OEMs of 4,291 units, and exports of 17,207 units. It delivered 1,64,056 units to its dealers in February 2022 last year.

Maruti Suzuki disclosed in its filing with the bourses that a deficit in electronic parts led to a slight hindrance in vehicle manufacturing, particularly in the local market.

It sold 172,535 vehicles in January, including 151,367 domestic sales. The data also includes 3,775 units sold to other OEMs (original equipment manufacturers) and 17,393 units exported, for a 12% increase in total sales.

Domestic wholesales increased 11% in February this year to 1,55,114 units, up from 1,40,035 units in February last year. Total exports fell 28% to 17,207 units in February this year, compared to 24,021 units in February 2022.

Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR sales increased from 77,795 units in February 2022 to 79,898 units in February 2023 in the micro-segment.

Maruti Suzuki India sold 147,348 domestic passenger vehicles in January 2023, a 14.2% uptick over January 2022 sales of 128,924 units. Sales of Alto and S-Presso in the micro-segment increased to 25,446 units in January 2023, up from 18,634 units in January 2022.

Domestic sales of MH & ICV, including trucks and buses, increased significantly in February 2023, reaching 17,282 units, up from 14,596 units in February 2022.

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