Maruti Suzuki sales grow in Sep 2023: share price gains over 2% in one month

 

Maruti Suzuki has set a new record in car sales in September 2023. The company has recorded the highest monthly sales last month by selling 1,81,343 lakh vehicles. The company had sold 1,76,306 vehicles in the same month last year. During this period, the company also dispatched 1,76,306 vehicles to its dealers across the country. Let us tell you that the company had sold 1,56,114 units in August 2023. Let us know how was the performance of Maruti cars.

Maruti Suzuki said in a statement that total domestic passenger vehicle sales rose 2% last month to 1,50,812 units from 1,48,380 units in September 2022. The company's total sales crossed the 10 lakh units mark in the April-September period. Maruti sold 10,50,085 vehicles in the first half of the current financial year, while the figure was 9,85,326 units in the same period of the last financial year. The carmaker said that this is the first time that the company has crossed the sales mark of 10 lakh units in 6 months. 

Maruti Suzuki: Sales of compact cars decreased

The company said that there has been a decline in the sales of its entry level cars in September. Maruti Alto and S-Presso sales stood at 10,351 units, which is 65 percent less than 29,574 units sold in the year-ago period. Sales of compact cars also declined to 68,552 units last month, from 72,176 units in September 2022.

Maruti Suzuki: Vehicle exports increased

However, dispatch of utility vehicles (UV) increased by 82 percent to 59,271 units from 32,574 units in September last year. The company said total exports of its cars increased to 22,511 units as compared to 21,403 units sold last year.