Maruti has sold 1,30,541 units of passenger vehicles in July 2019. Last month, the company had informed that for the first time since 2003 the company has incurred losses in the first quarter, vehicle sales have been affected to a great extent due to the lockdown and supply chain halt in the country.
In terms of production cars, their production was down 21.89 percent to 77,507 units in July, compared to 99,230 units of passenger cars produced last year. It includes models like Alto, S-Preso, WagonR, Swift, Baleno, Desire and Ciaz.
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However, production of mini sagment vehicles like Alto and S-Preso models grew by 23.32 percent to 20,638 units. The compact segment’s production was down 29.88 percent at 55,390 units. This includes WagonR, Swift, Baleno, Dzire, Ignis and Celerio.
At the same time, 1,07,687 units have been produced in July, including passenger vehicles and light commercial vehicles, a decrease of 19.19 percent. The company has sold more than 1 lakh vehicles in the month of July, registering a growth of 1.82 percent over the previous year.
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Maruti has a loss of Rs 249.4 crore. The company reported a net profit of Rs 1,435.5 crore in the first quarter of FY 2019-20. This has happened after about 17 years. The company has now started trying to increase sales and the situation is getting better every month.
Maruti’s car sales have been steadily improving since the unlock and are moving towards normalcy, although RC Bhargava, the company’s chairman, says it is still a long time for car sales to return to normal.
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Maruti Suzuki has launched the S-Cross Petrol in India, it is the last BS6 model of the company. Maruti Suzuki has brought all its models to BS6 avatar so far, they started it a year ago.