The company has launched a stripped down version of one of its largest-selling models Alto to cater to the taxi segment called Alto H1
The Alto retained its number one position by selling 2,59,401 units in 2018-19 as against 2,58,539 units in the previous financial year.
It is expected that the Alto will be based on Suzuki’s Heartect platform, which will make it lighter and sturdier.
Dzire saw sales grow 20 percent to 2.4 lakh units last year, which is also when it received a full body overhaul.
According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), MSI's Alto clocked sales of 19,447 units in October, more than 17,447 units of Dzire. In August, Dzire had beaten Alto for the first time clocking sales of 26,140 units as against 21,521 of Alto. It again beat Alto in September sales.
Maruti's Alto retained the top position in July with the sales of 26,009 units as against 19,844 units in the same month last year.
Since its launch, Alto has found favour with its customers as an affordable car with good design, performance and high fuel efficiency. Nearly 25% of Alto sales contribution comes from young customers less 30 years of age. This contribution has grown by 4% in the past three years.
The company also maintained its tight grip on the Indian passenger vehicles market with seven of its models in the top 10 best selling models with the remaining three spots taken by rival Hyundai Motor India Ltd (HMIL).
The country’s largest car maker Maruti Suzuki grew by 7 percent while Hyundai grew by 9 per cent and Tata Motors grew by a scorching 84 percent during last month.
The company's domestic sales stood at 1,20,735 units, up 11.7 percent from 1,08,115 units in February last year, MSI said in a statement.
Country's largest car maker Maruti Suzuki India (MSI) today reported 1 per cent decline in total sales at 1,17,908 units in December 2016 as against 1,19,149 units in the year-ago period.
Car companies have announced discounts in the range of 10-20 percent in December to stabilise the weak demand caused mainly due to the government‘s demonetisation move.
Maruti Suzuki disappointed analysts with its October sales as it sold 1.33 lakh units during the month, down 0.3 percent compared with 1.34 lakh units sold in year-ago period. It was worst on month-on-month basis as sales fell 10.3 percent.
Automobile stocks vroomed in top gear, rising 2-4 percent intraday Monday as festive season demand boosted companies' September sales and that is likely to continue in rest of the financial year 2016-17 as well.
The special editions of Alto800 and AltoK10 cars are part of the carmaker's association with the upcoming movie 'M S Dhoni - The Untold Story' which is based on the life of limited over cricket skipper M S Dhoni.
Speaking to CNBC-TV18, RS Kalsi, ED - Marketing & Sales of Maruti Suzuki says that demand for both Brezza and Baleno has been more than the company‘s estimates.
Maruti Suzuki, the country's largest passenger vehicles manufacturer, has registered a 12.2 percent growth in August sales by selling 1.32 lakh units against 1.17 lakh units in same month last year, driven largely by Vitara Brezza, Ciaz and some compact cars.
The company said domestic sales grew by 13.9 percent to 1.25 lakh units, supported by Ciaz, Baleno, Eeco and utility vehicles.
Other income in April-June quarter shot up 134 percent to Rs 483.3 crore while other expenses increased 16.2 percent to Rs 2,007.2 crore on yearly basis.
Country's largest carmaker Maruti Suzuki India tightened its grip in terms of best selling cars with six of its models featuring in the the top-10 list for the just concluded fiscal.
The company said sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased 20.9 percent to 46,786 units in March this year as against 38,710 units in the same month last year.
Eicher Motors maintained its strong sales growth. It has registered a 63 percent year-on-year growth in Royal Enfield sales at 49,156 units, majorly led by models with engine capacity upto 350cc.
Maruti Suzuki India maintained its leadership position in the domestic passenger vehicle (PV) market in December, with six of its models featuring in the top 10 brands last month.
Mahindra & Mahindra's sales volume climbed 21 percent to 41,590 vehicles in November compared to 34,292 vehicles in same month last year, which was lower than analysts' estimates.
Launched in September 2000, the model touched cumulative sales of 29,19,819 units in October, 2015.