Maruti Suzuki’s 15% Sale Rise Upholds The Automobile Market Growth
Sales of the country’s largest carmaker Maruti Suzuki India has increased. As per the details, the total sales of the company increased by 15% in February. The company sold 1,49,824 units in February 2018 as against 1,30,280 units sold in February 2017.
According to the company’s domestic sales, it sold 1,37,900 units, which is 14.2% more than the sale of 1,20,735 units in February of last year. Talking about mini-segment cars, MSI said that WagonR and Alto 33,789 units were sold in February, which is 2.1% higher than the 33,079 sold in February last year.
Automaker further said that compact segment cars such as Swift, Estilo, Desire, and Baleno last month saw an increase of 38.7%, with a total sale of 65,213 units sold. While in 2010 a total of 47,002 units of these cars were sold in February 2017.
According to Maruti Suzuki India, Ciaz that falls under the mid-sized sedan got sold up to 16.8% in February and its total sales of 4,897 units. Sales of utility vehicles such as Gypsy, S-Cross, Ertiga, and compact SUV Vitara Brezza rose 13.8% to 20,324 units in February. In the year 2017, there were a total of 17,863 units sold.
Van segment such as Omni and Eco sale dropped by 12.5% to 12,425 units compared to 14,191 units last year. According to Suzuki India, there were 9,545 units exported in the same month last year, while in February this year, with the increase of 24.9%, a total of 11,924 units were exported.
There might be some minor hindrance to the automobile business owing to various finance restructuring and tax reforms. The implementation of GST doesn’t hamper the sector intensely but a complication in transactions and lack of system guidelines are have somewhere reduced the speed of growth of the automobile market.