Maruti gets a big shock! Company suffers huge loss in yearly growth, foreigners snub it!
New Delhi. Last month i.e. May 2024 did not end with good figures for Maruti Suzuki India. The company had to face an annual degrowth of 2% last month. The main reason for this was the low demand for the company’s cars outside the country. Last month, it got an annual degrowth of 34% in exports. Sales of Maruti cars are better this year, but it has lost the number-1 position. Tata Punch has been the best-selling car in the country for the last 2 months. Whereas earlier Maruti WagonR, Swift or Baleno were in this position.
According to Maruti’s exchange filing, total sales of Maruti Suzuki India Limited declined in May 2024 due to decline in exports. The company’s total sales have declined by 2% year-on-year. It sold 1.78 lakh units in May 2023, which came down to 1.74 lakh units in May 2024. During this period, its domestic sales increased by 4% year-on-year to 1.57 lakh units, from 1.51 lakh units in May 2023. Whereas, exports declined by 34% year-on-year to 17,367 units, from 26,477 units in May 2023.
Not a single unit of WagonR and Brezza was exported
Maruti Suzuki WagonR is the country’s number-1 batchback. Despite this, not even a single unit of this and Brezza was exported in April. From this, it can be estimated how much the export of Maruti cars has reduced. Talking about its features, it has a 7-inch SmartPlay Studio touchscreen infotainment system with navigation, cloud-based service, dual front airbags, ABS with EBD, reverse parking sensor, hill-hold assist in AMT, four speakers, a semi-digital instrument cluster with mounted controls, steering wheel.
It draws power from a 1.0-litre three-cylinder petrol and a 1.2-litre four-cylinder petrol engine with DualJet Dual VVT technology. The 1.0-litre engine has a claimed mileage of 25.19 kmpl, while its CNG variant (available in LXI and VXI trims) has a mileage of 34.05 km/kg. The 1.2-litre K-Series DualJet Dual VVT engine has a claimed fuel efficiency of 24.43 kmpl (ZXI AGS /ZXI+ AGS trims).
