In January, Maruti Suzuki experienced 4.3 per cent YoY growth and sold 160,752 units.
Key sentence:
- While there was a slight decline in the mini as well as compact sub-segments, utility vehicles punched huge in January.
- On Monday, Maruti Suzuki announced a 4.3 per cent year-on-year rise in sales in January and also sold a total of 160,752 units, from which 142,604 were sold on the domestic market.
- Last month, compared to January 2020, the company announced a small decrease in sales of its mini as well as compact vehicles, but the overall momentum was strong enough to keep it throughout the green.
The company had sold around eight thousand more units a year ago:
The strong performance of products throughout the UV sub-segment, which often includes Ertiga, S-Cross, XL6 as well as Vitara Brezza, created some of this momentum.
Last month, as many more as 23,887 units through this sub-segment were shipped vis-a-vis 16,460 units a year ago – a 45.1 per cent rise. It is important to remember here, though, that throughout the months since January 2020, the S-Cross, as well as Vitara Brezza, have received updates.
A minor cause of concern will be the mini as well as compact sub-segments featuring cars such as Alto, S-Presso, WagonR, Swift, Celerio, Ignis including Baleno since last month a minimum of 102,088 units on both sub-segments were sold. The company sold about eight thousand additional units a year ago.
Ciaz sedan manages to hold on for now:
For now, the Ciaz sedan continues to hold on, and 1,347 car units were sold last month compared to 835 in January 2020 – a good 61.3 per cent improvement.
The country’s largest vehicle manufacturer also announced last month that it had sold 5,703 vehicles to other OEMs.
As Shashank Srivastava stated in a webinar:
As a range of its products were due for an upgrade, the year ahead is predicted to become a busy one in Maruti Suzuki. In addition, the organization is also looking also at Union Budget 2021 raise for electric vehicles.
During a recent webinar, Shashank Srivastava, Executive Director of Marketing and Sales, says, “We assume alternate technology such CNG as well as hybrid vehicles are now the way forward. We primarily expect support for hybrids vehicles (in Budget 2021).
