Maruti Suzuki hits record sales in FY 2023-24, surpasses two million units

In a landmark achievement for the Indian automotive sector, Maruti Suzuki India Limited has reported its highest-ever total sales for the fiscal year 2023-24, solidifying its position as a leader in the market. The company announced that it surpassed the significant milestone of selling over 2 million units in a single financial year, setting a new benchmark for success within the industry.

For March 2024 alone, Maruti Suzuki’s total sales reached an impressive 187,196 units, encompassing domestic sales, sales to other OEMs, and exports. The breakdown of these figures highlights the company’s robust performance across different segments, with domestic sales accounting for 156,330 units, sales to other OEMs contributing 4,974 units, and exports totaling 25,892 units.

Looking at the financial year in detail, Maruti Suzuki’s total sales amounted to 2,135,323 units. This achievement includes the highest ever domestic sales figure of 1,793,644 units and an unprecedented number of exports at 283,067 units. The company’s success is not limited to one category but spans across its diverse portfolio. The Mini and Compact segments, including popular models such as the Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, collectively contributed significantly to the sales figures. Additionally, the Utility Vehicles and Vans segments saw substantial growth, showcasing the company’s broad appeal and the consumers’ trust in its products.

The Utility Vehicles category, featuring models like the Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-Cross, and XL6, demonstrated a notable increase, further solidifying Maruti Suzuki’s dominance in this space. The Light Commercial Vehicles segment, represented by the Super Carry, also played a crucial role in the company’s overall performance.

Maruti Suzuki’s record-breaking sales are a testament to its enduring appeal and innovative approach in a competitive market. The company’s ability to consistently deliver quality, affordability, and reliability has not only cemented its leadership position but also reflects the evolving preferences and trust of consumers in India and abroad.

As Maruti Suzuki India Limited celebrates this milestone, the industry looks forward to the company’s future strategies and innovations that will continue to drive growth and success. The company’s achievements in FY 2023-24 serve as a beacon of excellence and a source of inspiration for the entire automotive sector.