Shares of Maruti Suzuki were accelerating after India’s biggest auto company posted its sales update for the month of June.
What Happened: The auto major’s total sales for the quarter came in at 1.79 lakh, up around 12.45% from the 1.59 lakh units it sold in June of 2023. Domestic sales for the period were at 1.48 lakh, up around 6% from the 1.39 lakh vehicles sold in the same period last year. The export sales saw massive growth going up over 57% year-on-year to 31,033 units.
Domestic passenger vehicle sales came in at 1.37 lakh, up around 3% from the 1.33 lakh vehicles sold in June 2023. The number was impacted as the passenger car segment saw around 7% moderation in sales in June.
| Category/Sub-segment | June 2024 | June 2023 | % Change |
|---|---|---|---|
| Total A: Passenger Cars | 74,016 | 80,269 | -7.79% |
| B: Utility Vehicles | 52,373 | 43,404 | +20.66% |
| C: Vans | 10,771 | 9,354 | +15.14% |
| Total Domestic Passenger Vehicle Sales (PV) | 137,160 | 133,027 | +3.11% |
| Light Commercial Vehicles (LCV) | 2,758 | 2,992 | -7.82% |
| Total Domestic Sales including LCV (PV+LCV) | 139,918 | 136,019 | +2.87% |
| Sales to other OEM | 8,277 | 3,629 | +128.09% |
| Total Domestic Sales (PV+LCV+OEM) | 148,195 | 139,648 | +6.13% |
| Total Export Sales | 31,033 | 19,770 | +56.96% |
| Total Sales (Total Domestic + Export) | 179,228 | 159,418 | +12.45% |
Shares of Maruti jumped up sharply after the announcement was made. However, the jump was short-lived.
Price Action: Maruti Suzuki’s share price was up 0.61% to trade at ₹12,107.35 on Monday afternoon.
Read Next: Mahindra And Mahindra Total Sales Grow 9.17% To 1.16 Lakh Units In June
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