Maruti Suzuki India shares jump 5% as automaker reports impressive 30% surge in December sales; check details

With today's rally, the stock of the auto major has risen over 7% in two days.

Overall domestic sales, including those of light commercial vehicles and supplies to Toyota Kirloskar Motor, were at 132,523 units last month as against 106,492 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.

Utility vehicles, including Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6, clocked sales of 55,651 units in December 2024, up from 45,957 units in the year-ago month, the company said.

Sales of the mid-sized sedan Ciaz were lower at 464 units as compared to 489 units in December 2023.

The company reported a good rise in production too. For instance, in the passenger car segment, production of utility vehicles such as Brezza, Ertiga, Fronx, Jimny, XL6, and OEM Models increased to 64,212 from 44,290 units in December 2023.

Vans such as Eeco saw an increase in production at 12,788 from 10,426 units in the year-ago period.

Meanwhile, the auto giant in December had announced that it would hike prices of its model range by up to 4% from January 2025.

In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from January 2025, the auto major said in a regulatory filing.

“While the company continuously strives to optimise costs and minimise the impact on its customers, some portion of the increased cost may need to be passed on to the market,” it stated.

In August 2024, Maruti Suzuki India Limited, officially launched the export of its acclaimed ‘Made-in-India’ SUV, the Fronx, to Japan.

This move marked the debut of Maruti Suzuki’s first SUV in the Japanese market.

The Fronx is exclusively manufactured at Maruti Suzuki’s state-of-the-art facility in Gujarat. This export initiative underscores India’s growing manufacturing capabilities and its expanding global footprint.

Shares of Maruti Suzuki India have rallied over 13% in the past 12 months.