Maruti Suzuki’s sales grew 2% y-o-y in June at 1,59,418 units; stock slips ~1%

3 Jul 2023 , 10:04 AM

Maruti Suzuki India (MSI), India’s leading automobile manufacturer, has reported a 2% increase in total wholesale for the month of June. According to an official statement from MSI, it has dispatched approximately 1,59,418 units to dealers, compared to 1,55,857 units in June 2022.

Maruti Suzuki’s domestic passenger vehicle sales increased by 8%, reaching 133,027 units compared to 122,685 units during the same period last year. However, sales of minicars, which include popular models such as the Alto and S-Presso, fell slightly, with 14,054 units sold in June 2023 as against 14,442 units in June 2022.

In the compact segment, which includes models such as the Swift, Celerio, Ignis, Baleno, and Dzire, the company registered a 17% drop in sales, selling 64,471 units in June 2023. The company sold 77,746 units in June 2022.

On the other hand, the company said that, sales of the mid-sized sedan Ciaz increased, with 1,744 units sold in June 2023, exceeding the 1,507 units sold in the same month the previous year.

Maruti Suzuki said that it also witnessed significant growth in utility vehicle segment sales. This includes models such as the Brezza, Ertiga, and Grand Vitara. According to MSI, sales in this segment increased more than twice, reaching 43,404 units, up from 18,860 vehicles sold in the same month the previous year.

However, the company’s exports suffered a 17% decline, with 19,770 units exported in June 2023, compared to 23,833 units exported in the same month last year.

At around 10.02 AM, Maruti Suzuki was trading 1.14% lower at Rs 9,677 per piece, against the previous close of Rs 9,789.05 on NSE. 

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