Maruti Suzuki Domestic Sales Down 47.4 Percent In March 2020

Maruti Suzuki Domestic Sales Down 47.4 Percent In March 2020

Maruti Suzuki is one of the most renowned and most loved four-wheeler manufacturers in the country, it’s every vehicle does well in its respective segments in terms of sales. It is the number one automobile manufacturer with the largest market share. March month was different for the automotive industry due to COVID- 19 pandemic lockdown and it resulted in lower sales.

With the impact of the coronavirus (COVID-19) pandemic, the subsequent suspension of operations and a nationwide lockdown, Maruti Suzuki sales took a heavy hit in the month of March. The carmaker saw overall domestic passenger vehicle sales decline by 47.4 percent With this, the company ended FY 2019-20 with total sales of 15.63 lakh units, down 16.1 percent from 18.62 lakh in the previous fiscal. The sales during March 2020 are not comparable with sales in March 2019 due to suspension of operations from March 22 in line with national policy, said the company.

Moving to the carmaker’s individual categories, the carmaker saw a steep decline in sales in its Mini segment that comprises models such as the S-Presso and Alto. Here, sales down by a significant 32.9 percent, year on year. Other segments that saw a steep decline were the midsize sedan segment, with sales for the Ciaz down by 45.3 percent, and the company’s van segment, which saw a 33.7 percent sales decline.

Auto dealers now face a halt in customer walk-ins with rising coronavirus cases being detected in India and subsequent countrywide lockdown. Automakers hoping things to be normalized in the coming months.

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