Maruti Suzuki’s April sales up 4.7% to 1.68 lakh units, production volume increases 17%

Maruti Suzuki on Wednesday announced a 4.7% year-on-year (YoY) rise in its April sales at over 1.68 lakh units.

Total sales in the month include domestic sales of over 1.4 lakh units, sales to other original equipment manufacturers (OEMs) of 5,481 units, and exports of 22,160 units. The company’s passenger car segment witnessed a 23% YoY decline in sales at 69,339 during the month.

Meanwhile, Maruti Suzuki’s production volume increased 17% YoY to over 1.69 lakh units during the month.

During the fiscal year 2024, the company sold a total of over 21.35 lakh vehicles during the year, registering a growth of 8.6% over the previous fiscal. Sales volume in the domestic market stood at over 18.52 lakh units and exports at over 2.83 lakh units.

Maruti Suzuki said for the first time, it surpassed the annual total sales milestone of 20 lakh units in FY24. The firm claimed that it continued to be the top exporter for the third consecutive year, contributing 41.8% of total passenger vehicle exports from India.

During the fourth quarter of FY24, the company registered a 13.4% YoY rise in sales at over 5.84 lakh vehicles. The sales volume in the domestic market stood at over 5.05 lakh units, up by 12.2% YoY while the sales volume in the export market came in at 78,740 units, registering a growth of 21.7% YoY.

Its net sales during the quarter rose 19% to ₹36,697.5 crore. Net profit for the quarter rose 47.8% to ₹3,877.8 crore on account of higher sales volume, favourable commodity prices, cost reduction efforts, and higher non-operating income. The board of directors recommended a dividend of ₹125 per share.

Shares of the company have gained over 23% since the beginning of the year. The stock has risen nearly 45% in the last one year.