Monthly sales of vehicles of the country's leading automaker Maruti Suzuki have reached an all-time high. The company sold 1.89 lakh vehicles in the month of August with a growth of 14.5% year-on-year.
This is Maruti's highest ever sales in a month. Earlier, the company had sold 1,82,448 vehicles in a month in October 2020.
In August last year, the company had shipped 1,65,173 units. Along with this, the company's stock also made an all-time high of Rs 10,397 today.
According to Maruti Suzuki India Limited's (MSIL) report released on Thursday, domestic sales of total passenger vehicles stood at 1.56 lakh units, up 16% from 1.34 lakh units in August 2022. Small car sales like Alto, S-Presso declined to 12,209 units as against 22,162 units in August 2022.
Compact cars like Baleno, Celerio, Dzire, Ignis and Swift sold 72,451 units, up from 71,557 units in August 2022. MPV ie Multi Purpose Vehicle vehicles like Brezza, Ertiga, Franks, Grand Vitara, Jimny and XL6 sold 58,746 units in August as against 26,932 units in August last year. MSIL said its exports stood at 24,614 units in August, as against 21,481 units in the same month last year.
Maruti shares today closed at Rs 10,320, up more than 3% after the sales figures, which is its new closing high. At the same time, Maruti's stock has made its new all-time high of Rs 10,397 and 52 week high during the trading.
Maruti Suzuki launched its first premium MPV 'Invicto' in India on July 5. This is the most expensive car of the company. The starting price of the car is Rs 24.79 lakh which goes up to Rs 28.42 lakh in the top variant. Invicto can also be availed at a monthly subscription of Rs 61,860.
SMC plans to manufacture 6 electric vehicles under the Toyota-Suzuki partnership. In 2024, it will launch its first electric SUV in India. After this, by 2030, the next 5 cars will be launched in the Indian market.