Maruti Suzuki, the country’s largest car maker, on Saturday reported a rise of 8.1 percent in total volumes at 139,763 units in March as against 129,345 units clocked in the same month last year, as per disclosure made by the company.
Domestic sales grew to 127,999 units during the month, posting an increase of 7.7 percent as compared to 118,895 units sold in the corresponding month last year. Growth in exports were a step better increasing by 12.6 percent to 11,764 units during the reporting month.
“Demand for our products remained strong throughout the year, enabling us to close 2016-17 with 10.7 percent domestic growth and achieve faster than industry growth for the fifth year in a row,” said RS Kalsi, Executive Director (Marketing and Sales) at Maruti Suzuki India Limited. “Alto, Dzire, Wagon R and Swift continue to remain the top sellers in the Indian market. NEXA has brought in new customers by redefining the car purchase and ownership experience.”
While the Mini Compact segment where it sells the Alto and Wagon R posted a decline of 15.6 percent the Compact segment comprising Swift, Ignis, Ritz, Celerio, Baleno and Dzire grew by 29.7 percent thanks to the continued robust demand for the new launches Ignis and Baleno.
Utility vehicle segment comprising Vitara Brezza, S-Cross and Ertiga, posted a growth of 31.8 percent during the month whereas the vans like Eeco and Omni posted a decline in sales by 9.8 percent.
Kalsi said they continue to get healthy orders for Brezza, Baleno and Ignis are trying to increase availability so as to minimise wait time for customers.
With this the Delhi-based company ended the financial year with its highest ever total sales of 1,568,603 units, a growth of 9.8 percent as compared to 1,429,248 units.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.