Maruti Suzuki smashes its own sales record with over 206,000 units sold in October

Maruti Suzuki India Limited marked a significant milestone in its corporate history, reporting its highest-ever monthly sales in October 2024. The company announced an impressive total of 206,434 units sold, including domestic sales, OEM sales, and exports.

October 2024: A month of growth for Maruti Suzuki

Maruti Suzuki, a dominant player in the Indian automotive market, recorded 206,434 units sold in October, surpassing previous monthly performances. This figure comprised 163,130 domestic sales, 10,136 units sold to other original equipment manufacturers (OEMs), and record-breaking export sales of 33,168 units. The October achievement comes amid an increasingly competitive landscape in the automotive sector, showcasing Maruti Suzuki’s robust market position and consistent growth strategy.

Breaking down Maruti Suzuki’s October sales

The company’s domestic sales, including light commercial vehicles (LCVs), reached 163,130 units, slightly below the 171,941 units sold in the same period last year. The figures highlighted a mix of demand for various models, with the compact car segment, featuring popular models such as Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, contributing 65,948 units. Despite a dip compared to October 2023, the combined Mini and Compact segments sold a solid 76,635 units in total.

Maruti Suzuki’s utility vehicle segment, encompassing models like Brezza, Ertiga, Grand Vitara, and Jimny, performed exceptionally well, with sales reaching 70,644 units, a notable increase from 59,147 in October 2023. The van category, led by the Eeco model, saw stable sales at 11,653 units. Meanwhile, the Super Carry light commercial vehicle reported sales of 3,539 units.

Exports surge as Maruti Suzuki strengthens global reach

In an outstanding performance, Maruti Suzuki’s export numbers soared to 33,168 units, marking the highest ever monthly export figure for the company. This significant leap reflects the company’s expanding global footprint and strategic focus on international markets.

A closer look at fiscal year trends

For the fiscal year 2024-25, Maruti Suzuki’s total domestic sales, including sales to other OEMs and exports, stood at 1,269,852 units as of the end of October. This performance surpasses the 1,249,302 units sold during the same period in the previous fiscal year. The compact segment alone accounted for 432,369 units sold, while the utility vehicle segment sold 414,309 units, underscoring Maruti Suzuki’s diversified product appeal and strategic market positioning.

Industry insights on Maruti Suzuki’s performance

Industry experts highlighted the significance of Maruti Suzuki’s performance, noting that the company’s ability to sustain strong domestic and international sales underscores its strategic adaptability. Analysts pointed to the company’s robust portfolio, which balances affordability and premium offerings, as a key driver behind its success.

An automotive analyst mentioned that the impressive growth in utility vehicle sales signals a shift in consumer preferences, driven by factors such as improved design, technology integration, and fuel efficiency. The record export figures also showcase Maruti Suzuki’s capability to meet global demand, emphasizing the company’s robust manufacturing and distribution networks.