Maruti Suzuki's October 2018 sales muted, sold 146,766 vehicles; S-Cross, Vitara Brezza, Ertiga, Gypsy, Ciaz to blame
When Maruti announced its October 2018 sales, the share price of the company dropped drastically, however, it has managed to reverse its losses.
The largest passenger car maker Maruti Suzuki saw a subdued sales in October 2018 month. The company in this month sold a total 146,766 vehicles, which was only up by 0.2% compared to the sales of 146,446 vehicles made in the same month of previous year. When Maruti announced its October 2018 sales, the share price of the company dropped drastically, however, it has managed to reverse its losses. The company touched an intraday low of Rs 6,601 per piece, however, currently it is trading at Rs 6,679.55 up by Rs 70.60 or 1.07% on Sensex at around 1246 hours.
Among the total sales in October month, Maruti's domestic sales were at 138,100 unit which was gradually up by 1.5% on yearly basis, whereas the exports of the company dropped massively by 17% with only 8,666 unit sold this month.
Almost every segment of Maruti recorded sequential rise during October month, but it was mid-size and utility vehicles who were the worst performers for the company.
In mid-size segment, it would be Maruti's Ciaz whose sales stood at 3,892 unit down by 5.2% versus 4,107 unit in October 2017 month.
While, under UV-segement cars like S-Cross, Vitara Brezza, Ertiga and Gypsy posted sales of 20,764 unit declining by 11.2% as against sales of 23,382 unit recorded in October 2017.
On the other hand, Super Carry vehicle of Maruti witnessed a whopping 146.8% rise in sales with 2,152 units this month compared to 872 unit in October 2017.
Compact segment having cars like Swift, Celerio, Ignis, Baleno and Dzire saw rise of 3.7% in sales this month with 64,789 unit compared to 62,480 unit in October 2017.
Meanwhile, Maruti sold 32,835 unit in mini-segment having Alto and WagonR this month, which was up by 1.1% versus 32,490 unit in October 2017.
Also, the van segement of Maruti having Omni and Eeco registered positive sales with 13,668 unit up by 7.9% compared to 12,669 unit in October 2017.