Maruti shares up 1.6% as PV sales rise 10% YoY on utility vehicle demand

Maruti Suzuki India shares surged by more than 1.6% during the intraday trading session on Wednesday, April 1, after the company announced its auto sales data for March 2026, which showed a 10% year-on-year (YoY) rise in the company’s passenger vehicle sales, fuelled by utility vehicle (UV) demand in the market.

Maruti Suzuki India announced that the company has sold a total of 225,251 units in March, including domestic sales, sales to other Original Equipment Manufacturers (OEMs) and in exports from the country.

“In March 2026, Maruti Suzuki India Limited sold a total of 225,251 units. Total sales in the month include domestic sales of 169,428 units, sales to other OEM of 8,783 units and exports of 47,040 units,” the company informed the stock exchange through its filing.

Shares of the automaker surged 1.63% to ₹12,507 at 2:57 pm after the auto sales data was announced moments earlier than that, compared to ₹12,306 at the previous stock market close on Monday, March 30.

The Indian stock markets remained closed for trading operations due to the scheduled Shri Mahavir Jayanti holiday on March 31.

Auto sales snapshot

With the total sales of 225,251 units, including domestic and export units sold for March 2026, the company’s PV utility vehicle (UV) portion outperformed the most, while the small car portion continued to record low demand in comparison.

The mini and compact car segment witnessed a 6.3% rise in its units sold to 83,530 units in March 2026, compared YoY with 78,561 units in the same period the previous year, according to the filing data.

Cars like Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift, and WagonR are the cars in the segment. Apart from the mini and compact car segment, the automaker’s mid-size segment, comprising the Ciaz, has been discontinued since the middle of 2025.

The utility vehicle portion recorded a 16.7% rise to 71,356 units in March 2026, compared to 61,097 units in the same period a year ago. Cars like Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny, Victoria, and XL6 are in the UV segment.

Maruti’s van segment, comprising the Eeco, witnessed a 8.8% rise in sales for the period to 11,333 units, compared to 10,409 units in March 2025, according to the auto sales data.

When compared on an overall YoY basis, Maruti Suzuki India’s total sales for the financial year ending 2025-26 witnessed an 8.4% or 188,447 unit rise to 2,422,713 units, compared to 2,234,266 units in the previous financial year.

Maruti Suzuki share price trend

Maruti Suzuki India shares have given stock market investors more than 79% returns on their investment in five years, and over 49% gains in the last three years, according to NSE data.

Although the automaker’s stock has gained 8.26% in the last one-year period, Maruti Suzuki shares have lost 25% on a year-to-date (YTD) basis so far in 2026. The stock is down 16.34% over a month, and is trading 2.21% lower over the last five market sessions.

Shares of the firm hit its 52-week high at ₹17,370 on January 5, 2026, while the 52-week low was at ₹11,059.45 on April 7, 2025, according to the exchange data. NSE data also showed that the company’s market capitalisation (M-Cap) was at over ₹3,93 lakh crore as of the trading close on April 1, 2026.