Shares of Maruti Suzuki India Limited climbed by 2.08% to ₹11,305 in early trade on Monday after the company reported a 10.4% year-on-year increase in total sales for November 2024. The automaker sold 181,531 units, up from 164,439 units in November 2023, driven by robust growth in utility vehicle and export segments.
November 2024 Sales Breakdown
Domestic Sales (PV + LCV)
- Passenger Cars:
- Mini (Alto, S-Presso): 9,750 units (slight decline from 9,959 last year).
- Compact (Baleno, Celerio, Dzire, Ignis, Swift, WagonR): 61,373 units (down from 64,679).
- Mid-Size (Ciaz): 597 units (sharp growth from 278).
- Total Passenger Cars: 71,720 units, down from 74,916 last year.
- Utility Vehicles (UV): Sales jumped 20.4% to 59,003 units, driven by popular models like Brezza, Ertiga, Grand Vitara, and Invicto.
- Vans (Eeco): Increased to 10,589 units, up from 10,226 units.
- Light Commercial Vehicles (LCV – Super Carry): Marginal growth to 2,926 units from 2,509 units.
Total Domestic Sales: 144,238 units, up from 136,667 units last year.
Exports
Maruti Suzuki’s exports surged 24.7% to 28,633 units, reflecting strong international demand.
OEM Sales
OEM sales doubled to 8,660 units, indicating stronger collaborations with other automakers.
Cumulative Sales (April–November 2024)
- Total Domestic Sales (including OEM & LCV): 1,241,306 units (slightly up from 1,236,298).
- Total Exports: 210,077 units, a strong increase from 177,443 units.
- Total Sales (Domestic + Exports): 1,451,383 units, up from 1,413,741 units in the same period last year.
Highlights
- Utility vehicles remain a key growth driver, with a significant 20.4% YoY increase.
- Exports showed robust growth, highlighting Maruti Suzuki’s strong position in international markets.
- OEM sales doubled, reflecting enhanced collaboration with other automakers.
Market Reaction
The strong sales performance, particularly in utility vehicles and exports, boosted investor sentiment, pushing Maruti Suzuki’s stock price higher. The company’s ability to offset challenges in passenger cars with strong demand in other segments underscores its resilience in a competitive market.
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