Maruti Suzuki India added 1.60% to Rs 11,250 after the car manufacturer's total production increased 13.89% to 168,286 units in November 2024 as against 147,763 units recorded in November 2023.
Sequentially, the auto giant's total production declined 5.09% as compared with 177,312 units produced in October 2024.In November 2024, the production of passenger vehicles was at 164,941 units, showing a slight increase from 144,912 units produced in November 2023. Additionally, the production of light commercial vehicles reached 3,345 units in November 2024, registering a YoY growth of 17.33%.
Meanwhile, the companys total sales rose 10.39% to 181,531 units in November 2024 as against 164,439 units sold in November 2023.
The sales of domestic passenger vehicles stood at 141,312 units (up 5.33% YoY), while sales of light commercial vehicles came in at 2,926 units (up 16.62% YoY) during the period under review.
While the company's total domestic sales (PV+LCV+OEM) advanced 8.06% YoY to 152,898 units, total export sales increased by 24.76% YoY to 28,633 units sold in November 2024.
Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles).
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The company reported 17.4% fall in net profit to Rs 3,069.2 crore as sales remained almost flat at Rs 35,589.1 crore in Q2 FY25 as compared with Q2 FY24.
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