Maruti Suzuki India

Maruti Suzuki Saw A 20.2% YoY Growth In December 2020

In the tempestuous year, 2020, where every industry was suffering from losses due to the COVID19 pandemic, especially the automobile industry, Maruti Suzuki capped off its sales figures. The company stands at a solid growth in profit of 20.2% YoY in December.

Maruti Suzuki sold 160,226 cars, in total, during December. This helped the company to continue its recovery process and the company also benefited because the customers preferred to choose personal mobility solutions during the coronavirus pandemic.

Overview of Sales of Maruti Suzuki

Maruti Suzuki currently has a huge portfolio of small and affordable mobility options in the Indian market. This played a major role in the company’s YoY growth success. In the post lockdown months, Maruti Suzuki observed a good recovery in its sales.

Especially in December, the company saw a great number of sales out of which 146,480 units were sold in the domestic market, and 3808 units to the other OEMs.

Apart from the domestic market, the company exported 9938 units in December which is 2000 units more than what the company exported in December 2019.

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Segment-wise Sales of Maruti Suzuki

The major growth in sales for the company came from the compact sub-segment which has cars like WagonR, Swift, Celerio, Baleno, Ignis, etc. This segment helped the company to see an 18.2% YoY growth.

The second major sales segment for the company was the UV sub-segment which has vehicles like Ertiga, XL6, S-Cross. It helped the company to grow by 8% YoY with 25701 units sold in the last month.

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Apart from these two segments, the company had a 4.4% YoY growth in the mini sub-segment which has cars like Alto and S-Presso.

Taking the previous few months into consideration, the sedan sub-segment shows concern in its sales terms, especially with Ciaz.

Talking about the overall growth, India’s largest car manufacturer reported a growth of 13.4% in the Q3, compared to the same period in 2019.

Overall though, it has been a surge post standstill with the country’s largest carmaker reporting a growth of 13.4% in Q3, when compared to the same period in the previous year.