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Maruti Suzuki global sales drop 1.3% YOY in December

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Maruti Suzuki global sales drop 1.3% YOY in December

Maruti Suzuki India Ltd. on Jan. 1 reported a 1.3% decrease in total vehicle sales for the month of December 2018 to 128,338 units from 130,066 in December 2017.

The Indian subsidiary of Japan's Suzuki Motor Corp. sold a total of 121,479 vehicles in its home market, up 1.8% year over year. This was largely driven by a 1% increase in total domestic passenger vehicle sales to 119,804 units from 118,560 units in December 2017.

However, total exports for the month plunged 36.4% year over year to 6,859 units from 10,780.

Maruti Suzuki sold a total of 83,729 mini, compact and mid-size passenger cars domestically, down 4.7% year over year from 87,864 units.

Meanwhile, domestic sales of SUVs, including the S-Cross, Vitara Brezza, Ertiga and Gypsy models, rose 4.9% to 20,225 units, while sales of the Omni and Eeco vans surged 38.8% in December to 15,850 units from 11,420 units the prior year.

The carmaker also posted a 130.7% domestic sales growth for its Super Carry light commercial vehicle model.

On Dec. 5, 2018, Maruti Suzuki disclosed in a stock exchange filing that it will hike prices across its product range in 2019 to offset higher manufacturing costs and weak foreign exchange rates.