India’s largest carmaker Maruti Suzuki announced that in the month the company sold a total of 136,000 units in the domestic market as against 123,764 units sold in October 2016 recording a growth of 9.9%. October also marked the start of new 3rd quarter for the company and the sales are as per the company’s prediction of recording double digit growth this financial year. Maruti Suzuki’s mini segment that comprises of Maruti Suzuki Alto and Wagon R saw a decline in sales by about 4.2% as the company sold a total of 32,490 units in this segment as against 33,929 units sold in the month of October 2016. Strong demand of cars like Maruti Suzuki Dzire and Maruti Suzuki Baleno has driven the growth of its compact cars by over 24.7%. Overall in the compact space, the company sold a total of 62,480 units, this also includes other cars like Swift, Ignis and Celerio.
The festive month of October also saw the sales of Maruti Suzuki’s utility vehicles posting a growth of almost 30% strongly on the back of sales of Maruti Suzuki Vitara Brezza and the new Maruti Suzuki S-Cross. The segment saw a sales of 23,382 units last month as compared to 18,008 units sold in the same month last year.
Strong competition from newly launched next-gen Hyundai Verna resulted in decline of sales for Maruti Suzuki Ciaz as the company sold a total of 4,107 units with its sales declining by about 35%. In the LCV space, Maruti Suzuki sold a total of 872 units of its Super Carry light commercial vehicle.
Maruti Suzuki sales figures for October 2017:
|Category : Sub-segment||Models||October||Till October||April’16 – March’17|
|2017||2016||% Change||2017-18||2016-17||% Change|
|A: Mini||Alto, WagonR||32,490||33,929||-4.2%||252,217||241,588||4.4%||413,981|
|A: Compact||Swift, Ritz, Celerio, Ignis, Baleno, Dzire, Tour S||62,480||50,116||24.7%||427,726||328,606||30.2%||584,850|
|A: Super Compact||Dzire Tour||–||2,481||–||–||20,295||–||32,612|
|TOTAL A: PASSENGER CARS|
|B: Utility vehicles||Gypsy, Ertiga, S-Cross,|
|C: Vans||Omni, Eeco||12,669||12,790||-0.9%||91,788||90,545||1.4%||152,009|
|TOTAL DOMESTIC PASSENGER VEHICLE SALES|
|Light Commercial Vehicles||Super Carry||872||80||—||4,229||163||—||900|
|TOTAL Domestic Sales|
|Total Export Sales|
|Total Sales (Domestic + Export)|
Maruti Suzuki’s exports increased by 4.2% as the company exported a total of 10,446 units out of the country. Overall sales of Maruti Suzuki in the month of October 2017 stood at 146,446 units with a growth of 9.5% over October 2016 sales.
In October, Maruti Suzuki announced that its net sales 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.
Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.