Introduction
Maruti is one of the most popular car brands in India. The car brand was founded in 1981 and since then it has grown into a major player in the Indian automotive market with over a million sales per year. The company also has offices abroad with an international network of dealerships across Europe, Africa, South-East Asia, and Latin America. Maruti Cars is an Indian automobile manufacturing company that manufactures automobiles and light commercial vehicles (LCVs) under the Maruti Suzuki brand name. It is one of the largest passenger car producers in India and one of the top 10 producers of passenger cars in the world with production facilities located at Manesar and Gurgaon in Haryana state. In this blog, we will discuss Maruti Car sales in December 2022.
Maruti Suzuki has reported a YoY and MoM degrowth in sales in December 2022 to 1.12 lakh units
Maruti Suzuki has reported a YoY and MoM degrowth in sales in December 2022 to 1.12 lakh units, Maruti Suzuki India Limited, a leading automaker in India has ended the calendar year 2022 with a dip in sales. Sales in the past month dipped 8.95 units to 1,12,010 units down from 1,23,016 units sold in December 2021. In November 2022 (during which period there was no festive season) and January 23rd 2019 (just after New Year), we saw an increase of 22% and 13% respectively; but so far this year we have seen a decline of 9%.
Maruti Suzuki has reported a YoY and MoM degrowth in sales in December 2022 to 1.12 lakh units
Maruti Suzuki has reported a YoY and MoM degrowth in sales in December 2022 to 1.12 lakh units. The company’s total sales touched the mark of 1,12,000 units during this month as compared to 1,09,722 units sold during November last year.
In December 2019 also Maruti Suzuki India Limited (MSIL) saw an increase of 13 percent over the previous year with its total numbers being around 1 lakh cars sold at an average price tag of Rs 11 lakhs per unit which is very good for it considering that it was facing several issues like high-interest rates on loans and low automobile prices due to GST incidence among others which hurt its sales negatively
The car manufacturer also stated that it managed to exceed its FY22 annual production by 10 percent.
Maruti Suzuki India Limited, a leading automaker in India has reported a YoY and MoM de-growth in sales in December 2022 to 1.12 lakh units. The company also stated that it managed to exceed its FY22 annual production by 10 percent. Maruti Suzuki has been struggling with sales since the beginning of this fiscal year due to increasing fuel prices as well as rising interest rates post-demonetization (November 2016).
During the past quarter (Q3FY22), total production stood at 3.43 lakh units compared to 3.09 lakh units produced during Q3FY21.
During the past quarter (Q3FY22), total production stood at 3.43 lakh units compared to 3.09 lakh units produced during Q3FY21. In terms of volume, Maruti Suzuki has reported a YoY and MoM de-growth in sales in December 2022 to 1.12 lakh units, Maruti Suzuki India Limited, a leading automaker in India has ended the calendar year 2022 with a dip in sales. Sales in the past month dipped by 8.95 units to 1,000 units per day (UPD).
This is while noting that it had already resumed normal production because of the improving pandemic situation and demand picking up since October 2020.
While noting that it had already resumed normal production because of the improving pandemic situation and demand picking up since October 2020, Maruti has said that “demand for cars is increasing. For this month, the company expects to sell over 1.50 lakh units of its small car Swift, which was launched in March 2019.
