Maruti Suzuki Reports 3.9 % YoY Decline In Car Sales In August

Maruti Suzuki has reported a 3.9 per cent decline in its total vehicle sales for August 2024, as per the filing by the company with the stock exchange on Sunday.

According to the official figures by the company, it sold 181,782 units last month, which is a decrease from the 189,082 units sold in August 2023. The August 2024 sales figures by the company include 145,570 units sold domestically and 26,003 units exported.

This decline in total sales is attributed to a reduction in both the mini and compact segments, where sales dropped to 68,699 units from 84,660 units a year ago. Additionally, the sale of passenger cars, which encompasses mini, compact, and midsize categories, fell to 69,406 units in August this year from 85,509 units in August 2023.

Domestic passenger vehicle sales also experienced a downturn. In August 2024, Maruti Suzuki sold 143,075 domestic units, down from 156,114 units sold in the same month last year. This decline reflects a broader trend of reduced sales within the domestic market.

On a positive note, the company's export performance showed growth. Maruti Suzuki exported 26,003 units in August 2024, an increase from 24,614 units in August 2023.

Overall, while Maruti Suzuki faced a decline in total sales and domestic vehicle numbers, its export sector demonstrated positive momentum. The mixed performance highlights both challenges and opportunities for the company as it navigates the evolving automotive market landscape. (ANI)