Maruti Suzuki India's sales jump 6.5% in April, exports drop by 8%

The total vehicle sales of Maruti Suzuki India Ltd jumped 6.5 per cent to 160,529 units in April 2023 from 150,661 units in April 2022. In a release, the company said that the shortage of electronic components had some impact on the production of vehicles.

"The company took all possible measures to minimise the impact," it said.

 

In the month, the company's exports fell 7.9 per cent to 16,971 units. This was 18,413 units in April 2022.  

The total domestic sales were up from 132,248 units in April last year to 143,558 units this year. In this, the domestic sales of passenger vehicles (PVs) were 137,320. Last year, the domestic sales of PVs stood at 121,995.

 

The April sales of mini and compact segment, which includes cars like Alto, S-Pressom Baleno, Swift, Dzire and WagonR, saw a jump from 76,321 units last year to 89,045 this year.

Last week, India's biggest automaker had reported a 42.6 per cent rise in profit after tax (PAT) from Rs 1,838.9 crore in the quarter ending March 31, 2022, to Rs 2,623.6 crore in the quarter ending March 31, 2023.

In the year 2022-23 (FY23), the PAT was up 113.7 per cent from Rs 3,766.3 crores in FY22 to Rs 8,049.2 crore.

During the quarter, the automaker reported net sales of Rs 30,821.8 crore. In the same quarter last year, the net sales were Rs 25,514 crore.

 

The company sold 514,927 vehicles during the quarter, higher by 5.3 per cent compared to the same period the previous year. The sales in the domestic market stood at 450,208 units, up by 7.1 per cent over that in Q4FY22.

The sales in the export market were at 64,719 units as compared to 68,454 units in Q4FY22.