Maruti Suzuki India Limited (MSIL) closed the year 2024 on a high note with significant growth in domestic, export, and overall sales across December and Q4. The company has reinforced its market dominance with strong contributions from its passenger cars, utility vehicles, and light commercial vehicles.
December 2024 Sales Highlights
Domestic Sales: MSIL achieved domestic passenger vehicle (PV) sales of 1,30,117 units, marking a robust 24.18% increase compared to 1,04,778 units in December 2023.
Exports: The company exported 37,419 units, a remarkable 39.19% increase from 26,884 units in December 2023.
LCV Sales: Light Commercial Vehicle (LCV) sales, primarily driven by the Super Carry, surged by 40.37%, with sales reaching 2,406 units compared to 1,714 units last year.
Total Sales: Maruti Suzuki’s total sales in December 2024 stood at 1,78,248 units, a substantial growth of 29.59% over 1,37,551 units in December 2023.
Q4 2024 Performance
For Q4 2024, Maruti Suzuki delivered stellar results across all segments:
Domestic Sales: Maruti sold 4,31,020 units, reflecting a 5.91% increase compared to 4,06,983 units in Q4 2023.
Exports: Exports grew significantly, with 99,220 units, registering a 38.22% growth over 71,785 units in the same quarter last year.
Sales to Toyota: Sales to Toyota surged by 89.23%, with 27,102 units compared to 14,322 units in Q4 2023.
LCV Sales: LCV sales rose by 9.29%, reaching 8,871 units compared to 8,117 units in Q4 2023.
Total Sales: Maruti’s overall sales for Q4 2024 stood at 5,66,213 units, an impressive 12.97% growth over 5,01,207 units in Q4 2023.
Segment-Wise Performance in December 2024
Mini & Compact Cars: Sales in this segment, which includes models like Alto, S-Presso, Baleno, Swift, and Dzire, stood at 62,324 units, a significant increase from 48,298 units in December 2023.
Utility Vehicles: UV sales, including Brezza, Ertiga, Grand Vitara, and Jimny, reached 55,651 units, compared to 45,957 units last year.
Vans: The Eeco van continued its strong performance, with sales of 11,678 units, up from 10,034 units in December 2023.
Strong Export Growth
Exports have been a key contributor to Maruti Suzuki’s success, with the company shipping 37,419 units in December 2024 and 99,220 units in Q4 2024, registering 39.19% and 38.22% growth, respectively. The rising demand for Maruti’s products in international markets solidifies its position as a global player.
Key Takeaways
Maruti Suzuki’s consistent growth across domestic and export markets highlights its ability to adapt to evolving customer preferences while maintaining its leadership in the Indian automotive market. With significant contributions from compact cars, utility vehicles, and the expanding LCV segment, the company is poised for continued success in 2025. Maruti is getting ready to showcase the eVitara at the Bharat Expo this month.
