Maruti Suzuki Sees 2% Dip In May Sales, 1,74,551 Units Sold

Maruti Suzuki Sales: Maruti Suzuki India reported a 2 percent year-on-year dip in total wholesales at 1,74,551 units in May 2024.

Maruti Suzuki Sales In May 2024: Maruti Suzuki India, the leading car manufacturer in India, reported a 2% year-on-year decline in total wholesale numbers, with 1,74,551 units sold in May 2024. The company had dispatched a total of 1,78,083 units to its dealers in the same month last year (2023), Maruti Suzuki India (MSI) said in a statement. According to a statement by Maruti Suzuki India (MSI), the total domestic passenger vehicle sales rose marginally to 1,44,002 units last month, compared to 1,43,708 units in May 2023.

The mini-segment sales, including the Alto and S-Presso, dropped to 9,902 units in May 2024 from 12,236 units sold in May 2023. Compact car sales, comprising the Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, also decreased to 68,206 units in May 2024, down from 71,419 units sold during the same period last year.

On the other hand, sales of utility vehicles like the Brezza, Grand Vitara, Ertiga, S-Cross, and XL6 saw an increase, reaching 54,204 units last month, compared to 46,243 units in May 2023.  Sales of vans were at 10,960 units in May 2024 as against 12,818 units a year ago, while that of light commercial vehicle Super Carry stood at 2,692 units as against 2,888 units in May 2023.

MSI said its exports last month declined to 17,367 units from 26,477 units in the same period last year. "It has been discussed that growth this year will not be very high. It will be in single digit because of the high base effect. Secondly, there were elections and the scorching temperatures also had an impact on the overall sales in May," MSI Senior Executive Officer (Marketing & Sales) Partho Banerjee told reporters.

PV Wholesales Slow Down in May

PV (Passenger Vehicle) wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall PV dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a growth of 4 per cent.