Maruti Suzuki in five-month losing streak
In India, Maruti Suzuki have seen sales go down continuously since the start of the year.
Except for January, which saw a modest 0.2% sales bump, Maruti Suzuki has been in a continuous fall since 1 January. Sales declined by 0.8% in February, 1.6% in March, 17.2% in April and 22% in May.
Sales were dominated by the domestic market: 114,861 of the 124,798 units produced went to Indian buyers.
The mini sub-segment, which includes the Alto and Old Wagon R, declined by 36.2% in June, to 18,733 units. The compact sub-segment (new Wagon R, Celerio, Ignis, Swift, Baleno and Dzire) declined by 12.1% to 62,897 units. The mid-size sub-segment (Ciaz) was the exception that saw sales numbers go up, by 47.1% to 2,322 units.
Light commercial vehicle sales also saw a jump, going up by 24% to 2,017 units. This section comprises of the Super Carry. The utility vehicles sub-segment, including the Gypsy, Ertiga, Vitara Brezza and S-Cross, dropped by 7.9% to 17,797 units. The van segment also suffered, going down by 24% to reach 9,265 units. Vans include the Omni and Eeco.
For the quarter ending on 30 June, Maruti Suzuki reported a 17.9% loss in total sales.
Maruti Suzuki is 56.21% owned by the Japanese Suzuki Motor Corporation. In July 2018, it had a 53% share of the Indian passenger car market.
Image: Maruti Suzuki billboard in Bangalore, India.