According to the Maruti Suzuki sales report for July, all passenger vehicle segments recorded a decline in sales except for the mid-size sedan segment of the Ciaz.
Another month passes by and India’s largest automaker, Maruti Suzuki has yet again recorded a decline in year-on-year sales. This time, the fall is rather massive at 35.1% in the domestic market, selling 100,006 units of passenger vehicles as compared to the 154,150 units that were sold in the same month, last year.
As for cumulative sales in between April to July, Maruti Suzuki recorded a drop of 23.2%, selling 474,487 units of vehicles as against 617,990 units of vehicles that were sold in the same period of the previous year. This figure is inclusive of the 1796 units of the Baleno that Maruti has supplied to Toyota to be sold as Glanza through Toyota’s dealerships.
While Maruti has witnessed a decline across all the segments, it was the entry-level mini-hatchback segment that saw the most decline. Models like the Alto and previous generation WagonR sold only 11,577 units against 37,710 units which were sold in July last year, a massive 69.3% drop. As for the compact segment which includes the likes of Swift, Dzire, WagonR, Ignis, Celerio and the Baleno, it recorded a decline of 22.7% with 57,512 units sold as compared to 74,373 units which were sold the previous year.
Moving on to the utility segment (UV) which includes the Vitara Brezza, Ertiga and the S-Cross, this segment saw a decline of 38.1%, selling 15,178 units as compared to 24,505 units which were sold a year ago. The van segment saw a decline of 37.9%, selling 9814 units against 15,791 units which were sold in July last year. Interestingly, the Ciaz mid-size sedan which recorded 2397 units of sales in July saw a growth of 4893.8%. However, that is on account of very low sales of the Ciaz of just 48 units in July last year.
The Indian automotive market has been low since the beginning of this current financial year itself. Customer sentiments have been poor due to increased prices and low credit availability, liquidity crunch and one time payment of insurance premium. However, carmakers have also had to check their inventories due to the incoming of the BS-VI norms because of which the wholesale numbers are low.