Maruti Suzuki's Sales Rise 7 Per Cent In April, Exports Dip By 8 Per Cent
Maruti Suzuki had dispatched 1,50,661 units to dealers in April 2022
Maruti Suzuki (MSI), India's largest carmaker, on Monday logged a 7 per cent increase in total wholesales at 1,60,529 units in April. Maruti Suzuki had dispatched 1,50,661 units to dealers in April 2022, the automaker said in a statement.
Last month, the company's domestic sales rose 9 per cent to 1,43,558 units as against 1,32,248 units in April 2022, it added. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago. However, sales in the compact segment, including models such as the Swift, Celerio, Ignis, Baleno, and Dzire, rose 27 per cent to 74,935 units as against 59,184 cars in April 2022.
During the month under review, sales of mid-sized sedan Ciaz increased to 1,017 units over 579 units in April 2022. Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, rose 8 per cent to 36,754 units as compared with 33,941 vehicles in the year-ago month, MSI said.
Exports, however, declined 8 per cent to 16,971 units as against 18,413 units in the corresponding month last year, the company added.
Last week, the firm had clocked a 42.6 per cent rise in profit after tax (PAT) from Rs 1,838.9 crore in the quarter ending March 31, 2022, to Rs 2,623.6 crore in the quarter ending March 31, 2023. In the year 2022-23 (FY23), the PAT was up 113.7 per cent from Rs 3,766.3 crores in FY22 to Rs 8,049.2 crore. During the quarter, Maruti had reported net sales of Rs 30,821.8 crore. In the same quarter last year, the net sales were Rs 25,514 crore.
Meanwhile, Maruti Suzuki, remains "vulnerable to supply side bottlenecks" this fiscal even as it looks to source electronic components through multiple sources, quoting a senior company official PTI reported. Maruti Suzuki which could not produce around 1.7 lakh units last fiscal year due to semiconductor shortage, is also coming up with measures to reduce the usage of certain kinds of chips in its cars, according to the PTI report.
"The problem (chip shortage) is a global one..it could affect different models, different companies, different modules differently..all our efforts are to organise supplies through multiple sources," Maruti Suzuki India (MSI) Executive Officer (Corporate Affairs) Rahul Bharti said in an analyst call. He noted that the company is working to do away with certain chips in some models/trims where the requirement is superfluous.
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