Maruti Suzuki reports 4% rise in domestic sales for January
Mumbai: Passenger car market leader Maruti Suzuki India Ltd reported a mere 4.05% year-on-year rise in domestic sales for January at 139,189 units. Maruti had been reporting a high single-digit or low double-digit rise in sales for the fiscal year so far.
Automakers in India consider dispatches to dealerships as sales.
The compact segment outperformed with a 21.59% jump to 67,868 units, led by the premium hatchback Baleno. Growth was also led by the utility vehicles segment comprising Maruti’s best-selling compact sport utility vehicles (SUV) Vitara Brezza and S-Cross, clocking 20,693 units, a 26.8% jump over the year-ago period.
Meanwhile, sales of old workhorses WagonR and Alto fell, as they have been for the past few months, by 12.15% to 33,316 units. The Ciaz mid-sized sedan also underperformed with a 22.48% slump to 5,062 units, owing to the removal of benefits on the hybrid variant under the goods and services tax (GST) regime.