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Maruti Suzuki India (MARUTI)
• Maruti Suzuki India (MSIL) continued to perform the best among
all its competitors in the domestic automobile industry with
another 1 lakh plus domestic as well as total sales figures. The
decline in volumes from the peak of festive season was a mere
5.3% on a high base against all its competitors, which faced more
than a double digit decline
• Domestic sales again highlighted the importance of market
penetration with volumes again scaling the 1 lakh plus mark in the
domestic market with domestic market share at 50.5%
(November), up 500 bps from the same period last year
• The strongest volume drivers continued to be the A2 segment
(Alto, Swift, Wagon-R, Zen, A-star, Ritz) (74,063 units, a 32.2%
YoY jump, 4.4% MoM decline) and C segment (Omni, Versa and
Eeco) (14,686 units 76.5% YoY jump, 4.5% MoM decline). The
Alto family has continued to clock run rates in excess of 30,000
units helped ably by the new Alto-K10, which has become
extremely popular. The newer CNG versions of various models
too have been well accepted. The company is expected to
undertake maintenance shutdown from the Christmas period,
which could mean a slowdown in sales from these highs
• Export segment volumes have continued to remain sluggish due
to the slowdown in EU sales. However, the promotion of A-star in
the non-European markets is expected to help maintain growth as
the latter’s contribution to volumes has increased to ~60%. The
exports were at 10,051 units, lower by 12.2% YoY and 11.5%
MoM. One of the benefits of a slowing export markets has been
the increase in domestic volumes and market share increase even
in the wake of stiff competition.
