This is the company’s second-best monthly performance in the ongoing fiscal year after the 148,380 units in festive September 2022; entry level Alto and S-Presso see revival of demand.
Having closed CY2022 with its lowest monthly sales last year – 112,010 units in December 2022 – Maruti Suzuki India saw its sales recover smartly to 147,348 units in January 2023. This constitutes 14% year-on-year growth (January 2022) and is the second-best monthly performance in the ongoing fiscal year after the 148,380 units in festive September 2022.
What has helped the passenger vehicle market leader is the return of demand for its entry-level cars – the Alto and S-Presso – 25,446 units, up 37%. Following the company’s launch of the CNG variant of the S-Presso in October 2022 and the third-generation Alto K10 in November, both models are seeing increased customer interest.
Maruti Suzuki’s six-pack comprising the Baleno, Celerio, Dzire (and Tour S), Ignis, Swift and Wagon R sold a total of 73,840 units, up 3% (January 2022: 71,472) while the premium Ciaz sedan continued to fall – 1,000 units, down 40% (January 2022: 1,666)
The UVs – new Brezza, Ertiga, XL6 and the new Grand Vitara – contributed 35,353 units, up 33% on year-ago 26,624 units. Maruti Suzuki is witnessing strong demand for the new Grand Vitara (which now also has a CNG variant) and the new Brezza. The Eeco van with 11,709 units cl growth: 10,581 units, up 15% on year-ago wholesales of 9,165 units.
On the cumulative 10-month (April 2022 to January 2023), Maruti Suzuki has clocked 25% YoY growth with all vehicle categories other than the Ciaz recording strong double-digit growth.
It is understood that the company currently has an order backlog of around 350,000 PVs. Over the past couple of months, production was constrained intermittently by inadequate chip supplies. Given the stiff competition, particularly in the UV market, it will have to speedy rollout of vehicles if it is to capitalise on market demand.
Maruti Suzuki eyes third consecutive year of double-digit growth, plans 2.3-2.5 million output in FY24
Hyundai Motor India surpasses 50,000 sales for the second time this fiscal in January
Tata Motors achieves best-ever monthly sales in January: 47,987 units
Kia India records best-ever monthly sales of 28,634 units in January
Pre-owned luxury car market picks up pace, Haryana’s Luxury Ride to expand into metro cities
Karnal-based used luxury car start-up Luxury Ride to open dealerships in Mumbai and Bengaluru, aims to double its sales ...
Revolt Motors expands retail network to 50, targets 150 by June 2023
Electric motorcycle OEM looks to speedily increase its reach across India; opens new showrooms in Raipur, Vapi, Bahadurg...
Saietta eyes e-drive exports from India to ASEAN, European markets
UK-based e-drive system supplier, which is bullish on huge potential for its localised products in India, aims to also t...