In September 2022, Maruti Suzuki dispatched a total of 1,48,380 passenger vehicles (PVs) over the tally of 63,111 units it sold during the same period in the previous year. This massive increase in the number of passenger vehicles sold has given the country’s largest automotive manufacturer a Year-On-Year growth of 135 percent. Launches of the Grand Vitara and the new Brezza has also helped in increasing sales numbers.
Furthermore, Maruti Suzuki sold 8,52,694 vehicles in the domestic market between April 2022 and September 2022, up 35.73% from the 6,28,228 units sold during the same time period in the previous year. When compared to the 1,04,927 units sold during the same time period a year prior, the company’s exports increased by 26.40% in the same month to 1,32,632 units. Maruti Suzuki had an increase of 34.39 percent overall (Domestic + OEM + Exports), selling 9,85,326 units as opposed to 7,33,155 units sold during the same time last year.
Sales during the third quarter of 2022 totalled 4,25,396 units, up 1,25,366 units from the 3,00,030 units sold in the third quarter of 2021. In the meantime, Maruti Suzuki experienced growth of 41.78%. Gains however on a quarterly basis are modest as compared to Q2 2022. With 56,242 more units sold in Q3 2022, Maruti Suzuki’s growth is projected to be 15.24% MoM after selling 3,69,154 units in Q2 2022.
The strong gain in passenger car sales may be largely attributed to the low base that the semiconductor chip crisis from the previous year created. The company’s Super Carry light commercial vehicle saw a 24.18% decline in sales in the same month compared to the same period a year earlier, going from 3,304 to 2,505 units sold. However, on the other hand, Maruti’s exports climbed by 21.85% in comparison to the same month the previous year, selling 21,403 units as opposed to 17,565 units.
Additionally, the company stated that the number of units it provides to Toyota increased by 67.41%, from 2400 units to 4,018 units, from the previous year. The company had an increase of 104.10 percent overall (domestic + OEM + exports), selling 1,76,306 units as opposed to 86,380 units sold a year ago.
In other automotive September sales news, one of the strongest months for the automobile industry in recent memory was September 2022. With 355,946 units sold, the sector has set a new monthly benchmark, an increase of 26% from August 2022 when it sold a total of 281,210 units. The highest wholesale volume for September 2022, is 4% higher than the prior highs for July 2022 with 341,370 units, 334,411 units in October 2020, and 316,034 units in March 2021. Sales-wise, the record amount for September 2022 marks an increase of 30 percent over September 2020’s 272,027 units and a 121% increase over September 2021’s 160,070 units.
Other than Maruti Suzuki, the country’s second-largest auto manufacturer for the month of September 2022, Hyundai Motor India Ltd. recorded total sales of 63,201 units, representing a rise of 38% overall. 49,700 units were sold in the domestic market during the month, an increase of 50.2% over the same period last year. The corporation sold 49,510 units in the nation last month, but domestic sales were almost unchanged month over month.