In January 2021 led by utility vehicles, LCVs, Van, and compact segment, Maruti Suzuki India Limited posted total sales of 160,752 units. Over January 2020, the auto manufacturing company said in a regulatory filing there is a growth of 4.3%. They said domestic sales of 142,604 units, exports of 12,445 units, and sales to other OEMs 5,703 units. Exports were up 29.3% at 12,445 units and domestic sales barely rose 0.2% at 142,604 units. There is a decline in total passenger vehicle sales. There is a decline of 6.9% to 103,435 units in total passenger vehicle sales compared to last year. A decline of 7.4% to 102088 units in the mini and compact vehicle segment compared to last year.
As sales grew 45.1% over the last year to 23887 units the utility vehicle continued to see increased demand. Models including Swift, Celerio, Ignis, Dzire, and Baleno, which are the compact segment, and their sales have declined by 8.8 percent to 76,935 units as against 84,340 cars in January year. There was a jump of 61.3 % to 1347 units of the mid-sized sedan Ciaz’s sale as compared with 835 in January 2020. Like this, there is also another exactly same case utility vehicle sales, including S-cross, Vitara Brezza, and Ertiga, rose 45.1 % to 23,887 units compared with 16,460 in the year-ago month, according to MSI. Finance Minister Nirmala Sitharaman’s Union Budget 2021 presentation has been amid on Monday. There was a 0.72% higher in early trade at Rs 7260 for Maruti Suzuki’s scrip on BSE. This could potentially give us the message of the growth of the automobile industry after the crisis and the lives are returning to normal. The share of every automobile industry is getting higher in each quarter.
The new initiatives are taken by the major automobile industries that will help them build up the shares for the product to satisfy the customers. All of these have led up to a new revolution in the market which the people and the industries have to accept. Many experts also think so too, this year could be the opportunity for growth for the industries and that might be true because they have begun to see some result that they wanted to obtain. Overall this provides us with the news of the moving cycle of the industry.