India Markets

Maruti Suzuki reports one of their biggest sales decline, Sales Fall 18.7%

After managing to barely stay afloat in the past 10 months, Maruti Suzuki India posted a sales decline of 18.7% for April 2019.

Last month, the company sold 134,068 units, as compared to 164,978 units sold in April 2018. Including exports, Maruti sales stood at 143,245 units in April 2019, as against 172,986 units in the same month last year; thereby registering 17.2% decline.

Maruti share price is trading about 2.54% lower today, at about 6,658. This is about 700 points in less than 1 week. Apart from decline in sales, the other reason for share price to decline is most likely due to their announcement last week, where they said that they will no longer produce diesel cars by April 2020. Diesel cars accounted for 23% of Maruti’s total sales in 2018.

Almost every segment in which Maruti Suzuki India sells cars, has registered a decline in sales. The mini segment which comprises of Alto, Old WagonR – registered sales of 22,766 units – declining almost 40%.

Compact car segment, which features New WagonR, Swift, Celerio, Ignis, Baleno, Dzire, Tour S – registered sales of 72,146 units – declining almost 14%. Below is the detailed sales report of Maruti Suzuki India for April 2019.

On a positive note, the utility vehicle segment continued to record growth. Riding the success of the Vitara Brezza and Ertiga, the utility vehicle segment grew 5.9 per cent selling 22,035 units against a base of 20,804 units. However, the Vans this time witnessed a negative growth of 26.7 per cent at 11,649 units as compared to 15,886 units which were sold in the same month last year.

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