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Maruti Suzuki Sales Decline By 36 Percent In July 2019 — Steepest Decline Recorded Till Date
Maruti Suzuki sales in India has been on the decline consistently in the last couple of months. However, the sales figures of Maruti Suzuki in the month of July 2019 has been the steepest yet.
According to the sales data for the month of July 2019, Maruti Suzuki has recorded a decline of 36 per cent in the previous month. The company recorded 98, 210 units of sales in July 2019, compared to 1,54,427 in the same month last year.
A split-up of the sales report shows that the mini and compact car segment of Maruti Suzuki has been the worst hit, with a decline of 38 per cent sales.
The mini-car segment (entry-level segment) including the Alto and old Wagon R was hit even worse with a de-growth of 69.3 per cent from 37,710 units to just 11,577 units in the month of July 2019.
The sales of the compact car segment including the likes of the Swift, Ignis, Baleno, Dzire and the new Wagon R also dropped by 22.7 per cent. Sales of the vehicles in this segment stood at 57,512 units in July 2019, compared to 74,373 units the previous year.
Other segments such as the UV (Utility Vehicles) and vans also recorded a decline of 38 per cent each. The sales of the UV segment, which includes popular offerings such as the Ertiga, S-Cross and the Vitara Brezza stood at 151,781 units in July 2019.
The vans segment, comprising of the Omni and the Eeco also reduced from 15,791 units in July 2018 to 9,814 units in the previous month; a decline of 38 per cent as well.
Even, Maruti Suzuki's commercial vehicles which were experiencing a growth in the previous months failed to keep their momentum. The company's LCV, the Super Carry recorded a decline of 0.5 per cent with 1,732 units sold in July 2019.
Finishing off the poor month for Maruti Suzuki, was the export sales. Which carried the declining trend recording 9.4 per cent de-growth in July 2019. The sales slipped from 10,219 units in July 2018 to 9,258 units last month.
Thoughts On The Maruti Suzuki Sales For July 2019
Maruti Suzuki sales have been on the decline for the past couple of months. The company has been consistently battling the industry slowdown this fiscal year, however, have failed to come out on top. The 36 per cent decline in the month of July 2019 is their steepest de-growth yet. With the festive season fast approaching in India, Maruti Suzuki will be hoping to turn things around very soon.
