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Maruti Suzuki India Limited Achieves 4.63% Sales Growth In 2024-25
In the financial year 2024-25, Maruti Suzuki India Limited experienced a notable growth, registering a 4.63% increase in cumulative sales, reaching 2,234,266 units compared to the previous year's 2,135,323 units. This growth underscores the company's robust position in the Indian automotive market. The slight 0.05% rise in domestic sales, totaling 1,760,767 units, alongside a significant 17.49% surge in exports which crossed the 300,000 units mark, highlights Maruti Suzuki's expanding global footprint.
Despite the overall growth, Maruti Suzuki's passenger car segment, featuring popular models like the Alto K10, Dzire, Swift, and Ciaz, experienced a 7.7% decrease in sales, amounting to 904,909 units. On the contrary, the utility vehicle (UV) segment, which includes the Grand Vitara, Brezza, and Fronx, witnessed a robust 12.12% year-on-year growth, reaching 720,186 units. This diversification in performance across segments indicates shifting consumer preferences and the company's agility in navigating market dynamics.
Maruti Suzuki's achievement in surpassing three lakh exports in FY25, with a total of 332,585 units exported, marks a significant milestone for the company. Hisashi Takeuchi, MD & CEO of Maruti Suzuki India Limited, emphasized the company's contribution to 43% of India's total vehicle exports, establishing it as the country's leading passenger vehicle exporter. The commencement of exports of models like the Fronx and the Jimny 5-door to Japan further exemplifies Maruti Suzuki's strategic expansion in international markets.
The company's performance in March 2025 was particularly noteworthy, with cumulative sales reaching 192,984 units, a 3.09% increase year-on-year. However, the domestic sales of compact cars saw a 3.67% decline, while the UV segment enjoyed a 4.55% growth. The export numbers for March 2025 also stood out, with a 27.3% increase year-on-year, reinforcing Maruti Suzuki's strong export strategy.
Maruti Suzuki's plans to invest ₹7,410 crore in establishing a third plant in Haryana highlight the company's commitment to its growth strategy and its role in enhancing manufacturing capabilities. This investment is poised to bolster Maruti Suzuki's production capacity and meet the growing demand for its vehicles, both domestically and internationally.
DriveSpark Thinks
Maruti Suzuki India Limited's performance in the financial year 2024-25 showcases its resilience and adaptability in a competitive market. With a balanced focus on domestic sales and exports, alongside strategic model launches and significant investments in manufacturing, Maruti Suzuki continues to reinforce its standing as a leading player in the automotive industry.
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