Maruti Says Minicar, SUV Sales Jump, While Total Deliveries Drop
(Bloomberg) -- Maruti Suzuki India Ltd., the South Asian nation’s top automaker, reported a jump in sales of its minicars and sport utility vehicles last month that helped offset a decline in demand for its most popular models.
Total deliveries, including exports, dropped 1.1% in July to 108,064 units, the company said on Saturday. Sales fell 54% in June. Deliveries of its minicars including Alto climbed 49% to 17,258 units, while sales of SUVs rose 26% to 19,177.
Demand for its most popular models including the Swift hatchback waned, with the segment posting a 10% drop in sales to 51,529 units. The local unit of Japan’s Suzuki Motor Corp. posted its first quarterly loss on record for the three months through June as a nationwide lockdown to curb the spread of the virus stopped people from visiting showrooms.
While local sales climbed 1.8%, exports fell 27% last month.
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