Maruti Suzuki India Limited (MSIL) has reported a YoY growth in its domestic sales for the month of April 2023 despite the semiconductor shortage impacting vehicle production. The largest car producer in the country sold a total of 1,60,529 units last month, including 1,39,519 units in domestic sales, 16,971 units in exports, and 4,039 units in supply to Toyota.
Compact segment and midsize sedan drive sales growth:
Maruti Suzuki’s compact segment, comprising models like Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, contributed to a healthy YoY surge of 26.61% with combined sales of 74,935 units in April 2023 compared to 59,184 units in April 2022. The midsize sedan Ciaz also posted impressive YoY growth of 75.64% with 1,017 units sold in April 2023 compared to 579 units in April 2022.
However, the mini segment comprising Alto and S-Presso experienced a YoY negative sales growth of 17.66% with a total of 14,110 unit sales in April 2023 compared to 17,137 units in April 2022. The Eeco minivan also saw a YoY sales de-growth of 5.82% with 10,504 units sold in April 2023 compared to 11,154 units in April 2022.
Total domestic PV sales stood at 1,37,320 units in April 2023, a YoY volume increase of 12.56% compared to 1,21,995 units in April 2022. The UV range, including models like Brezza, Ertiga, Fronx, XL6, and Grand Vitara, contributed a total of 36,754 units in April 2023 compared to 33,941 units in April 2022, a YoY positive growth of 8.28%.
New launches in the pipeline:
Maruti Suzuki recently launched the Fronx compact SUV coupe and is set to launch the Jimny lifestyle off-road SUV later this month in India. The company is also expected to bring in a premium MPV based on the Toyota Innova Hycross in the next two to three months.
Maruti Suzuki’s YoY growth in domestic sales in April 2023 despite the semiconductor shortage reflects the company’s strong brand positioning and diverse product portfolio. The growth in the compact segment and midsize sedan sales, as well as the upcoming launches, indicate that Maruti Suzuki is poised for further growth in the Indian automobile market.
