Maruti Suzuki shares rise 3% after firm clocks 30% jump in December car sales

Maruti Suzuki shares rise 2% after firm clocks 30% jump in December car sales

Shares of Maruti Suzuki rose over 3% on January 1 after the carmaker announced 30% rise in December car sales at 1,78,248 units. It reported sales of 1,37,551 units in the year-ago period.

"In December 2024, Maruti Suzuki India Limited sold a total of 1,78,248 units. Total sales in the month include domestic sales of 1,32,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units," said the company in a stock exchange filing.

At 2:20 pm on January, Maruti Suzuki shares were trading 3.13% higher at Rs 11,198.05 apiece.

Overall domestic sales, including that of light commercial vehicles and supplies to Toyota Kirloskar Motor, were at 1,32,523 units last month as against 1,06,492 units in December 2023, up 24.44%, Maruti Suzuki India (MSI) said in a regulatory filing.

Total domestic passenger vehicle (PV) sales were at 1,30,117 units in December 2024 as compared to 1,04,778 units in the same month a year ago, up 24.18%, it added.

Sales of mini cars comprising Alto and S-Presso were higher at 7,418 units last month as compared to 2,557 units in the year-ago period.

Similarly, sales of compact cars such as Baleno, Celerio, Dzire, Ignis, Swift and WagonR were up at 54,906 units as against 45,741 units in December 2023.

Utility vehicles, including Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6 clocked sales of 55,651 units in December 2024, up from 45,957 units in the year-ago month, the company said.

Sales of mid-sized sedan Ciaz were lower at 464 units as compared to 489 units in December 2023.

MSI said its exports in December were higher at 37,419 units as compared to 26,884 units in the same month a year ago.