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Maruti Sales March 2023 At 1.32 L – Highest FY Total At 19.66 L

Maruti car sales were at 1.32 lakh in the domestic market for March 2023 – A marginal decline YoY

Maruti Grand Vitara
Maruti Grand Vitara

In March 2023, except for utility vehicles and vans, Maruti sales fell short significantly where mini and compact vehicles are concerned. There is a drop in numbers YoY, as opposed to March 2022. This took a slight hit on total domestic sales as well, including CVs. Sales to other OEMs like Toyota have almost halved.

That said, there is an increase in exports, which balances out the volume deficit created in the domestic market. Hence, where total sales are concerned, there is still a decline, but only by 324 units. Let’s break down the numbers.

Maruti Car Sales March 2023 and Q1 2023
Maruti Car Sales March 2023 and Q1 2023

Maruti Suzuki Sales March 2023

Mini class includes A-segment vehicles like Alto and S-Presso. These accounted for a total of 11,582 units, down from 15,491 units a year ago. Compact segment of Maruti vehicles include Celerio, Baleno, Dzire, Ignis, WagonR, Swift and others. These accounted for a total of 71,832 units, down from 82,314 units in 2022.

When mini and compact vehicle figures are added up, it totals 83,414 units which is less than 97,805 units sold a year ago. Same fate was observed with the Ciaz as it sold just 300 units as opposed to 1,834 units in 2022. That said, the utility vehicles class featuring Brezza, XL6, Ertiga, and Grand Vitara and van segment featuring Eeco, fared a lot better.

Maruti Car Sales March 2023
Maruti Car Sales March 2023

UVs accounted for a total of 37,054 units, which is a considerable growth over 25,001 units sold in March 2022. Eeco sold 11,995 units, up from 9,221 units a year ago. YoY Growth was observed in LCV space too, featuring Super Carry with 4,027 units as opposed to 3,797 units.

It is not all sunshine though, as sales to other OEMs like Toyota almost halved in volume YoY as Urban Cruiser is discontinued. Total domestic sales (PV+LCV+OEM) accounted for 139,952 units, down YoY from 143,889 units. Exports gave its shoulders with 30,119 units shipped, up from 26,496 units. With this saving grace, Maruti Suzuki’s total sales is 170,071 units, which is just 324 units short as opposed to March 2022.

Maruti FY2022-23 & Quarterly Analysis

Total domestic passenger vehicles saw 0.82% YoY decline with 1,32,763 units as opposed to 1,33,861 units from March 2022. When compared to 1,47,467 units sold in February 2023, there was a MoM decline of 9.97% with 14,704 units lost in volume. In FY 2022-23, total domestic passenger vehicle sales accounted to 16,96,870 units, up from 13,31,558 units in FY 2021-22.

Whereas total Maruti Suzuki sales (domestic+exports) in FY2022-23 was 19,66,164 units, up from 16,52,653 units in FY 2021-22. In Q1 2023, numbers for Maruti stood at 4,27,578 units, which is 7.77% YoY growth over Q1 2022 with 30,845 units gained in volume. As opposed to 3,84,742 units in Q4 2022, YoY growth was 11.13%, with 42,836 units gained in volume.

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