Maruti, Hyundai report muted domestic wholesales in October
Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up. The country's largest carmaker Maruti Suzuki India (MSI) said its total domestic passenger vehicle wholesales were at 1,59,591 units last month compared with 1,68,047 units in the year-ago month, a decline of 5 per cent.
The company, however, reported its highest-ever monthly sales, including exports, in October at 2,06,434 units, a 4 per cent year-on-year growth over the same month last year.
MSI Senior Executive Officer (Marketing and Sales) Partho Banerjee said the company saw its highest-ever retail sales in an October.
«All our models had very good retail sales. As a result of which we have corrected our network stock by almost more than 40,000 units. We calibrated our production supplies, and now our network stock is almost one month,» he said.
MSI said sales of its mini-segment cars, comprising Alto and S-Presso, declined to 10,687 units from 14,568 units in October 2023.
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