Maruti Suzuki June 2024 Sales Report: 179,228 Units Sold Including Strong Domestic and Export Perfor

Services

Equity Trading with CA Abhay

FNO Stocks with CA Abhay

Stock Market Masterclass

Option Trading with CA Abhay

Equity Investment with CA Abhay

Maruti Suzuki Achieves Robust Sales with 179,228 Units Sold in June 2024

Team FS

01/Jul/2024

Key Points:

Maruti Suzuki sold a total of 179,228 units in June 2024.
Domestic sales reached 139,918 units, with strong performance across segments.
Export sales totaled 31,033 units, reflecting robust international demand.

Maruti Suzuki India Limited has announced impressive sales figures for June 2024, achieving a total of 179,228 units sold. This milestone includes robust performances in domestic sales, OEM sales, and exports, highlighting the company's strong market presence and customer demand.

Breakdown of Sales Figures

Domestic Sales: The company recorded 139,918 units in domestic sales, demonstrating a healthy demand across various vehicle segments. This category includes total domestic passenger vehicle (PV) sales of 137,160 units and light commercial vehicles (LCV) sales of 2,758 units.

OEM Sales: Maruti Suzuki also reported sales to other Original Equipment Manufacturers (OEMs) totaling 8,277 units. These sales indicate strong collaborations and partnerships within the automotive industry, contributing to Maruti Suzuki’s overall sales volume.

Export Sales: Reflecting its strong international footprint, Maruti Suzuki's export sales reached 31,033 units in June 2024. This substantial export figure underscores the global demand for Maruti Suzuki vehicles, driven by their reliability, performance, and affordability.

Segment-Wise Performance

Mini Segment: The mini segment, including models like Alto and S-Presso, sold 9,395 units. While there was a slight decline compared to last year, this segment continues to be a significant contributor to Maruti Suzuki's overall sales.

Compact Segment: The compact segment, comprising popular models such as Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, maintained robust sales with 64,049 units sold. This segment remains a stronghold for Maruti Suzuki, attracting a broad customer base.

Utility Vehicles: The utility vehicle category, featuring models like Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6, showed impressive growth with 52,373 units sold. The increased preference for utility vehicles reflects changing consumer preferences towards more versatile and spacious vehicles.

Vans: The van segment, with the Eeco model, recorded 10,771 units in sales, continuing to serve as a reliable choice for both commercial and personal use.

Mid-Size Segment: The mid-size segment, represented by the Ciaz, reported sales of 572 units. While this is a niche segment, it remains an important part of Maruti Suzuki's diverse portfolio.

Quarterly Performance

For the April-June 2024 period, Maruti Suzuki's cumulative sales figures are also noteworthy. The company sold a total of 521,868 units during this quarter, comprising 427,060 units in total domestic sales (including LCVs), 24,248 units to other OEMs, and 70,560 units in export sales. These figures highlight Maruti Suzuki's strong market performance and ability to meet diverse customer needs both domestically and internationally.

Conclusion

Maruti Suzuki's sales performance in June 2024 reflects its strategic market positioning and robust demand across multiple segments. With a total of 179,228 units sold, including significant domestic and export sales, the company continues to lead the Indian automotive market. The sustained demand for Maruti Suzuki's wide range of vehicles, from compact cars to utility vehicles, underscores its commitment to quality, innovation, and customer satisfaction.

As Maruti Suzuki looks forward to the coming months, maintaining this momentum will be crucial. The company's focus on expanding its product lineup, enhancing customer experiences, and strengthening its market presence will be key drivers of continued success.

Also Read : APL Apollo's Strategic Advancements and Plant Expansions Drive Increased Value-Added Segment Contrib

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.