Maruti Suzuki Records Subsequent Dip in August Sales due to Rains and Flood. Company sold 1,58,189 units in August 2018, which 3.4% less as compared to 2017 sales.
The massive downpour in various parts of the country along with the disruptive flooding in Kerala has not only affected the residents and the finance in the respective states, but the profit -making of many business houses at large. Maruti Suzuki, the automobile giant has declared a decline of about 3.6 percent in the total sales with respect to its performance a year ago. It was for the second consecutive month that the deterioration continued.
The largest car manufacturer of the country released its monthly report, in which a total sales of 158, 189, was registered, while the sales in August 2017 was recorded at 1 63,701 units. Total Domestic sales was 147,700 units, as compared to 1, 52,000 units sold in the same period last year; this means a dip of 2.8 percent. The down trend could also be noticed in the exports which saw sales of 10,489 units, a decline of 10.4% from last year’s 11,701 units exported. The country experienced severe floods in Kerala and parts of Karnataka while heavy rains caused great amount of disruption in some other states, was cited as the main reason behind the low figures. Moreover, the drop can be attributed to the boom owing to the higher base in August 2017 with the implementation of Goods and Service Tax (GST).
The mini segment that includes the cars Wagon-R and Alto witnessed a rise of 1.3 percent taking sales figure to 35,895 units. The compact segment, which contributes 60 per cent to the passenger car sales of Maruti Suzuki, fell by 3.6 percent to 71,634 units in terms of sales.
The top-selling sub-brands Swift, Celerio, Ignis, Baleno and Dzire that were recently relaunched, come under this category. The mid-size segment, which includes the face-lifted Ciaz also grew by 8.4%, as the company sold 7,002 units in the last month. Overall, a plunge of 1.4 percent was witnessed in the passenger car sales, which in figures stood at 114, 261 units.
A huge drop of 16.2 percent was noticed in the Utility vehicles space, as the Vitara Brezza, Ertiga, Gypsy and S-Cross accounted for 17,971 sold units. The Omni and Eeco belonging to the Vans segment sold 13,663 units as against 13,931 units last year, which implies a fall of 1.9 per cent. The Super carry Light Commercial Vehicles (LCV) sold a whopping 1805 units, growing by 147.3 per cent from 730 units sold in August 2017.
Although Maruti Suzuki cars significant plunged second month in a row corresponding to the 2017 months, it posted a substantial boom of 12.4 percent during the first five month of the current fiscal year. 8, 13,037 units were sold in comparison to 7, 23, 618 units corresponding to the 2017-18 fiscal year.