Maruti Suzuki reports 34% decrement in August domestic wholesales

 India’s largest passenger vehicle manufacturer Maruti Suzuki , reported domestic wholesales of 97,061 units in August, down 34.3% year by year due to tenacious fall in retail demand.

Total passenger vehicle wholesales stood at 93,173 units last month, a year by year decline of 36.1% in the last two decades.

The carmaker’s mini sub-segment, which includes Alto and Old WagonR models, was the most hit with 72% YoY fall at 10,123 units last month. The company had reported wholesales of 35,895 units of this category in August last year.

Wholesale volumes in the compact car segment declined to 54,274 units in August from 71,364 units in the year-ago period. This clearly suggests that Maruti Suzuki’s small car wholesales declined 40% YoY to 64,397 units during the reporting month.

The company reported a 77% decline in the wholesales of its mid-size sedan Ciaz in August. It sold 1,596 units of this model as against 7,002 units in the year-ago period.

However, the carmaker’s utility vehicles portfolio, which includes models such as Vitara Brezza, Ertiga, newly launched XL6, S-Cross and the Gypsy, registered a better performance, with wholesales rising a shade above 3% to 18,522 units in August. Sales of vans, however, fell 37% YoY at 8,658 units.

In the light commercial vehicle (LCV) segment, where it sells Super Carry, the company reported dispatches of 1,555 units in August, down 14% YoY.

The company supplied 2,333 units of the Baleno hatchback to Toyota Kirloskar in the last month.

On the export front, the carmaker shipped 9,352 units in August compared with 10,489 units in the year ago period.

Maruti Suzuki is expected to launch an all-new hatchback named S-Presso later this month with BSVI compliant engine variants. Analysts have pinned hopes on the product for a revival in small car sales during the upcoming festival season.

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