Maruti Suzuki posts highest ever monthly sales in September; hits 1 million-mark in H1FY24
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) It is for the first time that the company surpassed the half-yearly sales mark of 1 million units, the automaker said. Total domestic passenger vehicle (PV) sales in September rose 2% to 150,812 units from 148,380 units in September 2022.
Also Read: TVS Motors September sales grow 6% YoY to 4.2 lakh units The sales of its entry level cars -- Alto and S-Presso -- declined 65% to 10,351 units from 29,574 units in the year-ago period. Sales of compact cars also fell to 68,552 units last month from 72,176 units, YoY.
The company's PV market crossed 3 million-mark for the first time till September-end. However, Utility vehicle dispatches jumped by a robust 82% to 59,271 units last month from 32,574 units in September last year.
The company’s total export sales rose to 22,511 units as compared with 21,403 units in the year-ago period. Maruti Suzuki shares have gained over 11% in the last three months, while the stock is up more than 26% year-to-date (YTD).
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