Maruti Suzuki’s Unit sales at 87,807 units (+67% yoy & 3% mom) came in at a record high over November. Growth continues to be driven by both segments – exports (+129% yoy) and domestic (+60% yoy).
Domestic retail demand has sustained post the festive season. Currently, the dealer inventory remains comfortable at c.3 weeks of sales. Moreover, certain models such as the diesel variants of the Swift and the Dzire have waiting periods.
The mass market A2 segment (+60% yoy), A3 segment sales (+46% yoy), Omni sales (+116% yoy) and the A1 segment sales (+32% yoy). We anticipate that sales over December will remain robust, given encouraging market conditions.
Maruti’s export sales were up +129% yoy at 11,448 units.