The logo of Maruti Suzuki India. File
| Photo Credit: REUTERS

Maruti Suzuki India Ltd.’s first quarter net profit grew 47% to ₹3,649.9 crore from ₹2,485.1 crore in the year-ago period. “This was broadly on account of cost reduction efforts, favourable commodity prices and foreign exchange,” the company said in a statement.

During the quarter, the company registered net sales of ₹33,875.3 crore as against ₹30,845.2 crore in the same period last year.

For the quarter ended June 30, 2024, the company sold a total of 521,868 vehicles, up 4.8% compared with the same period last year. The sales in the domestic market stood at 451,308 units, up 3.8% over the year-ago period. The export sales were at 70,560 units, a growth of 11.6% over same period last year.

Representational image of a Maruti Suzuki showroom
| Photo Credit: Reuters

Maruti Suzuki India on Friday reported its highest-ever monthly wholesales at 1,89,082 units in August.

The auto major’s dispatches to dealers last month were 14% higher as compared to 1,65,173 units in August.

Total domestic passenger vehicle sales were at 1,56,114 units as against 1,34,166 units in the year-ago month, a growth of 16%, Maruti Suzuki India (MSI) said in a statement.

Sales of mini segment cars, comprising Alto and S-Presso, declined to 12,209 units last month from 22,162 units in August 2022, it added.

Dispatch of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift rose to 72,451 units over 71,557 units in the year-ago period.

Utility vehicles, consisting of Brezza, Grand Vitara, Jimny, Ertiga and XL6, clocked sales of 58,746 units last month as compared to 26,932 units in August last year.

MSI said its exports last month stood at 24,614 units as against 21,481 units in the same month last year.