Maruti Suzuki domestic sales surge 15% in November 2017; Dzire, Baleno sales compensates Ciaz’s downfall
India’s largest passenger car manufacturer, Maruti Suzuki in a press statement confirmed that the company has reported a growth of 15 percent in the Indian domestic market as the company sold a total of 145,300 units in the month of November 2017. The company had sold 126,325 units in November 2016.
Volumes growth driver for the company has been its compact segment that comprises of new Maruti Suzuki Dzire, Maruti Suzuki Baleno, the popular Swift hatchback, Maruti Suzuki Ignis that was not on sale in November 2016 and the Maruti Suzuki Celerio. The compact segment in itself grew by over 32 per cent by selling 65,447 units in November 2017 as compared to 49,431 units sold during the same month last corresponding month.
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The mini segment which has the Maruti Suzuki Alto (Alto 800 & Alto K10) and Maruti Suzuki Wagon R saw a minor decline in sales by 1.8 percent by selling 38,204 units. A Maruti Suzuki Ciaz sale have declined by over 26% and is facing some serious competition from the new generation Hyundai Verna. The company sold a total of 4,009 units last month as against 5,433 units sold in Nov 2016.
Maruti Suzuki S-Cross facelift and Maruti Suzuki Vitara Brezza despite being sold only in a single diesel engine variant has helped the company’s UV space to grow by 34%. Other car including the Ertiga and Gypsy saw the total Maruti Suzuki UV sales to sell 23,072 units. Exports in the month of November stood at 145,300 units.
Overall in this financial year 2017-18 during the period April –November the company has sold a total of over 11.87 lakh (including exports) at a growth of 14.6 per cent.
During the first half of this ongoing financial year stood at Rs 3,857 crore, recording a growth of 19.5% over the same period last year. Maruti Suzuki's net profit stood at Rs 4,040 crore. R C Bhargava, Chairman, Maruti Suzuki said that while the operating profit increased by 16%, the net profit increased by 3.8% due to lower non-operating income as the yields on investment were lower compared to last year and some impact of commodities and additional advertisement expenses and increase in effective tax rates.