Maruti Suzuki sets new record with 199,217 units sold in October 2023
Maruti Suzuki's impressive sales figures for October 2023 reflect the company's strong position and its ability to adapt to changing market dynamics.
In a significant development for the Indian automotive industry, Maruti Suzuki, the country's leading automaker, has announced its highest-ever monthly sales in October 2023. The company reported a remarkable total of 199,217 units sold, a record-breaking achievement, as conveyed in a BSE filing. This impressive figure includes both exports and domestic sales.
One of the standout aspects of Maruti Suzuki's October performance is the exceptional growth in utility vehicle sales. The company sold an astonishing 59,147 units of utility vehicles during the month, nearly doubling the 30,971 units sold in October 2022. Maruti Suzuki's utility vehicle portfolio includes popular models like Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-cross, and XL6. This surge in sales reflects the strong demand for these versatile and stylish vehicles.
Compact cars also witnessed a notable uptick in sales, with 80,662 units sold in October 2023, compared to 73,685 units in the same period a year ago. Maruti Suzuki's compact car segment includes popular models such as Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR. This increase in sales underscores the continued popularity of these fuel-efficient and cost-effective vehicles.
On the other hand, Maruti Suzuki Ciaz sales experienced a decline, with 695 units sold in October 2023 compared to 1,884 units in the same month of the previous year. While the Ciaz has its dedicated fan base, the shift in consumer preferences may have contributed to this decrease.
Sales in the mini car segment, which includes models like Alto and S-Presso, saw a dip in October 2023. The company sold 14,568 units during the month, compared to 24,936 units in October 2022. This decline may be attributed to evolving market dynamics and customer choices.
Maruti Suzuki's total exports registered a steady growth of approximately 7% year-on-year, with the number increasing from 20,448 units in October 2022 to 21,951 units in October 2023. This highlights the company's success in expanding its global footprint and catering to international markets.
Looking at the bigger picture, Maruti Suzuki's year-to-date sales for April-October 2023 exhibited a solid 8.36% increase, with the company selling 96,456 more vehicles during this period compared to the same timeframe in the previous year. This remarkable growth underscores Maruti Suzuki's enduring appeal in the Indian automotive market.
Maruti Suzuki's impressive sales figures for October 2023 reflect the company's strong position and its ability to adapt to changing market dynamics. With a diverse portfolio and continued efforts to meet evolving customer needs, Maruti Suzuki remains a dominant force in the Indian automotive landscape.