Maruti Suzuki sales rise 10% in May as SUV sales make a turnaround

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Maruti Suzuki sales rise 10% in May as SUV sales make a turnaround
BCCL
  • Anaemic demand for small cars and a slippage in exports weighed on total sales in May.
  • Utility vehicle sales rose 65% to 46,243 units as against 28,051 vehicles in the year-ago month.
  • Exports declined 3% to 26,477 units as against 27,191 units last year.
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The country's largest carmaker Maruti Suzuki India on Thursday reported a 10% rise in total sales at 1,78,083 units for May driven by a robust demand for utility vehicles in the domestic market. Anaemic demand for small cars and a slippage in exports weighed on total sales.

“The shortage of electronic components had a minor impact on the production of vehicles. The Company took all possible measures to minimise the impact,” it said in a statement to the stock exchange.

In May, the company's domestic sales rose 13% to 1,51,606 units as against 1,34,222 units a year earlier. Total domestic passenger vehicle sales jumped 15% to 1,43,708 units as compared with 1,24,474 units in the same month last year.

Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, rose 65% to 46,243 units as against 28,051 vehicles in the year-ago month, Maruti said in a statement.

In April, Maruti had said it is looking to sell nearly half a million SUVs in the current fiscal 2023-2024 to notch up the top slot in the country's fast-growing SUV segment. It’s eyeing a market share of 45% in SUVs by end of FY24, up from 41% in FY23.

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Small cars, exports drop

In May, sales of mini cars that include Alto and S-Presso models, dropped 30% to 12,236 units as compared with 17,408 units in the year-ago period.

Compact car sales, including models such as Swift, Celerio, Ignis, Baleno and Dzire, increased 5% to 71,419 units as against 67,947 units in May 2022.

Sales of mid-sized sedan Ciaz rose to 992 units from 586 units in the year-ago period.

Exports declined 3% to 26,477 units as against 27,191 units in the corresponding month last year, the company said.

Maruti Suzuki May 2023 sales

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CategoryMay 2023May 2022
Mini 12,236 17,408
Compact 71,419 67,947
Mini + Compact Segment 83,65585,355
Mid-Size (Ciaz)992 586
Total Passenger Cars 84,64785,941
Utility Vehicles46,243 28,051
Vans12,818 10,482
Total Domestic Passenger Vehicle Sales (PV) 143,708124,474
Total Domestic Sales (PV+LCV+OEM) 151,606 134,222
Total Export Sales 26,477 27,191
Total Sales (Total Domestic + Export) 178,083161,413

Source: Company statement

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