Maruti Suzuki domestic sales grew 11.7% in February 2017 while exports were up 2.2% as compared to that noted in February 2016. The company sold 130,280 units in February 2017 with domestic sales amounting to 120,735 units and exports totalling 9,545 units.
This was against domestic sales of 108,115 units and exports of 9,336 units in February 2016. It was the consistent success of Ciaz, Brezza and Baleno along with the initial demand for the new Ignis that caused company volumes to grow during the past month.
In the Mini segment for Maruto (Alto and WagonR), once again posted decline in sales. Whereas the compact car segment, which inlcudes Swift, Ritz, Celerio, Ignis, Baleno, Dzire – posted a growth of 9.4%. This segment also registered the highest chunk of sales for Maruti Suzuki – 47,002 units.
In the mid-size sedan segment, Ciaz continued to register growth in sales. When comparing with Honda City sales, Ciaz is leading the race this fiscal. Another impressive segment for Maruti Suzuki is the Utility vehicle segment. Ever since the launch of Vitara Brezza, this segment has grown many folds for Maruti. In Feb 2017, this segment sold 17,863 cars, registering 110% growth. Below is the detailed sales report.
Increased sales and better profits also saw Maruti Suzuki stocks near the INR 6,000 mark while it is set to be the first automotive stock to hit INR 2 lakh crores market cap. As on date, Maruti’s market cap is 44% higher than its parent company Suzuki Motors market cap of 2.18 trillion yen which converts to around INR 1.28 lakh crores.
