Maruti Suzuki Records Highest Monthly Sales In Over A Year
Maruti Suzuki India Ltd. sales rose for the fourteenth straight month, driven once again by the compact segment.
The country's largest carmaker sold 172,986 units in April, a 14.4 percent jump from the same month year ago, it said in an exchange notification. Overall, sales figures were the highest in at least over 12 months.
The sales were led by a 31 percent growth in the compact segment. While domestic sales rose 14.2 percent from last year to 1,64,978 units, exports too showcased a healthy 19.1 percent jump to 8,008 units.
Segmental Performance (YoY)
- Sales in the utility vehicle segment comprising of cars like Alto and WagonR saw a 2.8 percent decline to 37,794 units
- Sales in the Compact segment, which includes models like Swift, Baleno and Dzire, grew 31.8 percent to 83,834 units
- While the sale of utility vehicles remained flat, sales in the vans segment grew 14 percent
- Sales of light commercial vehicles grew 275 percent to 1,544 units compared to 411 units during the corresponding period last year.
Maruti Suzuki had reported a muted performance in the fourth quarter weighed down by rising operating costs, a higher effective tax rate and lower than expected margins.