Maruti Suzuki reports 3.9% sales dip in August driven by degrowth in small car segment

India’s largest carmaker Maruti Suzuki sales in August 2024 saw a decline, primarily driven by a significant drop in the small car segment, which includes mini and compact cars like Alto, Baleno, Celerio, Dzire, Swift, and others. The automaker's August sales in the small car segment declined 18.85 per cent to 68,699 units in August 2024, compared year-on-year with 84,660 units the previous year, as per the sales data released on Sunday.

Maruti Suzuki sold 181,782 units in August 2024, down from 189,082 units in August 2023—reporting a 4 percent year-on-year (YoY) decline, according to the latest sales data.

This figure includes 145,570 units sold in the domestic market and 26,003 units exported.

The company's domestic sales took a notable hit, dropping 8.4% to 143,075 units, down from 156,114 units in the same month the previous year. However, Maruti Suzuki's export performance provided a silver lining, with a 5.64% increase to 26,003 units in August 2024, compared to 24,614 units in August 2023.