Maruti Suzuki June 2024 Sales Show 12.42% Growth

Maruti Suzuki India Limited documented a 12.42% increase in total vehicle sales (domestic and exports combined) for June 2024, reaching 179,228 units compared to 159,418 units in June 2023. Domestic market sales grew by 6.56%, totaling 148,195 units versus 139,648 units in the previous year. Export figures for June 2024 demonstrated substantial improvement, with 31,033 units shipped, marking a 56.97% increase from the 19,770 units exported in June last year.

In the April-June quarter of FY2025, Maruti Suzuki registered a 4.7% increase in total sales, reaching 521,868 units compared to 498,030 units in the same period last year. Domestic market sales rose by 3.7%, totaling 451,308 units against 434,812 units in the previous year's quarter. The company's export performance also strengthened, with an 11.61% growth to 70,560 units, up from 63,218 units in the same quarter of FY2024.

Now, coming to the segments, the utility vehicle (SUV) segment recorded the highest growth of 20.66 percent selling 52,373 units in June 2024 as compared to 43,404 units sold in the same month last year. That said, in terms of volume, the compact segment with models like the Baleno, Swift, Dzire, and WagonR among others performed better at 64,049 units, which is a flat growth (-0.65 per cent) as against 64,471 units sold in the corresponding month last year.

Also, there was a mixed picture of the vehicle segment sales performance in June 2024. Sales of the mid-size segment fell sharply from 1,744 to 572 units, a considerable loss of 67.2%. Sales of passenger cars also dropped, from 80,269 to 74,016 units, a 7.79% decline. The utility vehicle market, on the other hand, saw impressive growth of 20.66%, with sales rising from 43,404 to 52,373 units. Van sales increased from 9,354 to 10,771 units, a 15.15% improvement.

Comparing 137,160 domestic passenger vehicle sales to 133,027 units the year before, there was a small rise in sales of 3.11% overall. From 2,992 to 2,758 units sold, light commercial vehicle sales fell by 7.82%. With LCVs included, the total domestic sales increased by 2.87% to 139,918 units. Notably, from 3,629 to 8,277 units, sales to other OEMs increased tremendously by 128.07%.