Maruti to announce Q3 results today; check stock price trend and five key things you need to know

Shares of the company were trading at ₹12,185.00, up 0.51% on the BSE.

Maruti's earnings will be closely tracked by the market participants and other stakeholders as the company recorded impressive sales growth in December 2024. Further, the auto giant also said it crossed the 20 lakh production mark in a calendar year for the first time in 2024.

Marui has also become the first among Suzuki Motor Corporation's global automobile manufacturing facilities to reach this landmark, the auto major said in a statement.

Overall domestic sales, including that of light commercial vehicles and supplies to Toyota Kirloskar Motor, were at 1,32,523 units last month as against 1,06,492 units in December 2023, up 24.44%, Maruti Suzuki India (MSI) said in a regulatory filing.

Total domestic passenger vehicle (PV) sales were at 130,117 units in December 2024 as compared to 104,778 units in the same month a year ago, up 24.18%, it added.

Sales of mini cars, comprising Alto and S-Presso, were higher at 7,418 units last month as compared to 2,557 units in the year-ago period.

Similarly, sales of compact cars such as Baleno, Celerio, Dzire, Ignis, Swift, and WagonR were up at 54,906 units as against 45,741 units in December 2023.

MSI said its exports in December were higher at 37,419 units as compared to 26,884 units in the same month a year ago.

Update on EVs

Recently, Maruti Suzuki India's Managing Director and CEO, Hisashi Takeuchi, said that the company aims to be the leading producer of electric vehicles in the country over the next year.

"I can't mention the numbers (sales), but one thing I can tell you is, in terms of production volume of EVs, as an OEM (original equipment manufacturer), we are targeting to become the number one EV manufacturer in India within one year," Takeuchi told reporters on the sidelines of the Bharat Mobility Global Expo 2025.

Maruti to take price hikes

Car market leader Maruti Suzuki recently said it would hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

Due to rising input costs and operational expenses, the company plans to increase car prices, starting February 1, 2025, Maruti Suzuki India said in a regulatory filing.

"While the company is committed to optimising costs and reducing the impact on the customers, we are constrained to pass on some of the increased expenses to the market," it added.

Maruti Q2 FY25 Results

Maruti Suzuki India reported an 18% year-on-year dip in consolidated net profit at ₹3,102 crore for the second quarter ended September hit by the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual funds.

It had posted a net profit of ₹3,786 crore in the July-September quarter of last fiscal.

Total revenue from operations increased to ₹37,449 crore for the second quarter as against ₹37,339 crore in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing.

Maruti Suzuki India stock performance

Shares of the company have rallied 21% in the past 12 months. In comparison, the NIFTY AUTO index has gained over 17.5%. Meanwhile, the 50-share index, NIFTY50, has risen 5.6% during the window.