Maruti Suzuki Total Sales Dip 3.63% Year-on-Year in July; Exports Rise by 8.05%

Maruti Suzuki exported a total of 23,985 units in July 2024, marking an increase of 8.05% from 22,199 units shipped in the same month last year.

Maruti Suzuki sold 1,75,041 units in July 2024, a 3.63% decrease from the previous year's total of 1,81,630 units. Out of this cumulative figure, the company supplied 1,40,354 units domestically, 10,702 units to other OEMs, and 23,985 units internationally. In the passenger vehicle (PV) segment, the total domestic sales for July of this year reached 1,37,463 units, indicating a drop of 9.64% from the previous year's 1,52,126 units. The exports, however, rose by 8.05% to 23,985 units from 22,199 units shipped in July 2023. Let's take a detailed look at the performance of other verticals.

Also Read: Maruti Suzuki Ertiga Gets 1-star Safety Rating In Global NCAP Crash Tests: Watch Video

Maruti Suzuki July 2024: Mini, Compact and Utility Car Segment

The Mini segment of the passenger car market, comprising vehicles like the Alto and S-Presso, sold 9,960 units in July 2024, as opposed to 9,590 units in the same month the previous year. The compact category (Celerio, Dzire, Ignis, Swift, and WagonR), on the other hand, sold 58,682 units in the previous month, which is down from the previous year's 67,102 units. With 603 units delivered in July 2024, as compared to 1,348 in July 2023, the Mid-Size segment, represented by Ciaz, also experienced a decline. Moreover, in contrast to 78,040 units sold in the same month last year, the total sales of passenger cars dropped to 69,245 units in July 2024.

With models like the Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6, the utility car segment suffered a drop in sales to 56,302 units last month from 62,049 units sold in July 2023.

Also Read: Maruti Suzuki Net Profit Rises 47% to Rs 3,649.90 Crore in Q1 FY24-25

Other Developments

Maruti Suzuki reported a net profit of Rs 3,649.90 crore for the April–June quarter of FY 2024–25, up 46.9% from Rs 2,485.1 crore for the same period the previous year. The primary causes of the gain were favourable foreign exchange rates, low commodity costs, and cost-cutting initiatives. The company's net sales for the quarter were noteworthy, coming in at Rs 33,875 crore, a significant rise over the first quarter of FY2023–2024.