Maruti Suzuki Getting Strong Demand for SUV, Sales Increase 21 Percent in October, Tata Motors, Kia, Tesla
Last month, Maruti Suzuki sold 59,147 units in the utility vehicle segment. In the same month last year, the company’s sales in this segment were 30,971 units. In the first seven months of this financial year, the company’s passenger vehicle sales increased to 10,41,154 units, which was 9,34,887 units in the same period of the last financial year. Recently Maruti Suzuki launched Jimny SUV. It is getting good response from customers. However, the sales of the company’s small cars are declining. Regarding this, recently Maruti Suzuki Chairman, RC Bhargava had said that there will be no recovery in the sales of small cars unless the government cuts taxes.
A few months ago, the company was facing difficulties due to shortage of semiconductors. The supply of semiconductors for Maruti Suzuki has improved. The company’s profit has increased by about 80 percent in the last quarter. The company has achieved a profit of about Rs 3,717 crore between July and September. Maruti Suzuki’s profit in the same period last year was Rs 2,062 crore. The company has said that the main reason for the increase in profit is the strong demand for its Sports Utility Vehicles (SUV). Apart from this, the company has also benefited from some reduction in input costs.
Maruti Suzuki has SUVs like Grand Vitara, Fronx, Jimny and Brezza. Demand for its utility vehicles like Ertiga has also increased. Recently the company had achieved the feat of selling 10 lakh automatic vehicles. Automatic transmission system is offered in 16 models of the company. Maruti Suzuki had said that customers of its NEXA retail chain prefer high-end automatic variants. It accounts for about 58 percent of the company’s automatic car sales.
