Maruti Suzuki share price in focus today: Shares of Maruti Suzuki India, the country’s largest automaker, edged up by nearly 1% in Wednesday’s intraday trade to hit the day’s high of ₹12,560 apiece, even as the company’s June dispatches to dealers dropped to their lowest level since December 2023.
The company on Tuesday reported a 13.3% year-on-year (YoY) decline in total domestic passenger vehicle (PV) sales to 1,18,906 units in June, compared to 1,37,160 units in the same month last year as weak demand from urban consumers continued to weigh on overall sales growth, with its largest segment—small cars sales, remaining under pressure.
Sales of entry-level cars, typically smaller, simpler, and more fuel-efficient, dropped sharply by 32% in June. Dispatches of compact cars, including the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 54,177 units, a decline of 15% YoY.
In addition, utility vehicle sales including models such as the Brezza, Ertiga, Grand Vitara, and XL6 also dropped to 47,947 units from 52,373 units a year earlier. The Eeco van recorded sales of 9,340 units in June, compared to 10,771 units in the year-ago period, bringing total domestic sales for June to 1,18,906 units.
While domestic demand remains muted, the export market has held up well despite rising global economic uncertainty. Maruti Suzuki exported 37,842 units in June, registering a 22% YoY growth.
Meanwhile, the continued weakness in demand for mini car sales has also led the company to scale down production. It manufactured 7,097 mini cars, including the Alto and S-Presso, in June 2024, down from 10,133 units in the same month last year. Overall production in June stood at 1,27,545 units, compared to 1,33,095 units in the year-ago period.
