Maruti Suzuki reports highest ever monthly exports at 24,021 units; stock slips ~4%

2 Mar 2022 , 10:51 AM

Maruti Suzuki India Ltd. reported a total sales of 164,056 units in the month of February 2022 against 164,469 units in the month of February 2021, marginally down over the last year.

The company’s total sales in February 2022 include domestic sales of 1,37,607 units and sales to other OEMs of 2,428 units. It also includes the company’s highest-ever monthly export sales of 24,021 units.

The company reported total sales of 97,486 units for the compact and mini segment for the month under review against 104,476 units in February 2021, down by 6.70% yoy.

Total Passenger car sales were 99,398 units in Feb22 against 1,05,986 units in Feb21.

Company reported sales of 25,360 units for utility vehicles and 9,190 units of Vans during February 2022.

Maruti’s sales to other OEMs was 2,428 units in February 2022 against 5500 units in February 2021. Total Export sales jumped 109% yoy at 24,021 units against 11,486 units in the same month last year.

YTD total domestic sales (Apr’21-Feb’22) stood at 12,70,378 units against 12,07,305 units in Apr’20 to Feb’21, registering growth of 5.22% yoy.

The company’s vehicle production was impacted on account of shortage of electronic components in the domestic markets.

Maruti Suzuki is currently trading at Rs7,985 down by Rs327.35 or 3.94% from its previous closing of Rs8,312.35 on the BSE. The scrip opened at Rs8,235 and has touched a high and low of Rs8,235 and Rs7,975 respectively.