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May 2024 Maruti Suzuki Car Sales Analysis – YoY, MoM Change, 6-Month Trend

In this May 2024 Maruti Suzuki cars sales analysis article, we’ll look at the car sales of Arena and Nexa. We’ll also compare the YoY and MoM change to find out which Maruti cars sales improved and which ones declined. To justify or express surprise in the trends, we’ll also provide our insights where applicable.

May 2024 — Maruti Suzuki Car Sales Figures - YoY Change

Rank

Model

Body-Type

May 2024

May 2023

Change

%Change

1

Swift

Hatch

19,393

17,346

2,047

11.80

2

Dzire

Sedan

16,061

11,315

4,746

41.94

3

WagonR

Hatch

14,492

16,258

-1,766

-10.86

4

Brezza

SUV

14,186

13,398

788

5.88

5

Ertiga

MPV

13,893

10,528

3,365

31.96

6

Baleno

Hatch

12,842

18,733

-5,891

-31.45

7

Fronx

SUV

12,681

9,863

2,818

28.57

8

Eeco

MPV

10,960

12,818

-1,858

-14.50

9

Gr. Vitara

SUV

9,736

8,877

859

9.68

10

Alto K10

Hatch

7,675

9,368

-1,693

-18.07

11

Celerio

Hatch

3,314

3,216

98

3.05

12

XL6

MPV

3,214

3,577

-363

-10.15

13

S-Presso

SUV

2,227

2,868

-641

-22.35

14

Ignis

Hatch

2,104

4,551

-2,447

-53.77

15

Ciaz

Sedan

730

992

-262

-26.41

16

Jimny

SUV

274

-

-

-

17

Invicto

MPV

193

-

-

-

May 2024 — Maruti Suzuki Car Sales Figures - MoM Change

The table presents the month-over-month (MOM) sales data for various Maruti Suzuki models for May 2024 compared to April 2024, including the change in units sold, percentage change, and trends. This analysis provides key insights into the performance and market dynamics of these models over the past month.

Rank

Model

Body-Type

May 2024

Apr 2024

Change

%Change

1

Swift

Hatch

19,393

4,094

15,299

373.69

2

Dzire

Sedan

16,061

15,825

236

1.49

3

WagonR

Hatch

14,492

17,850

-3,358

-18.81

4

Brezza

SUV

14,186

17,113

-2,927

-17.10

5

Ertiga

MPV

13,893

13,544

349

2.58

6

Baleno

Hatch

12,842

14,049

-1,207

-8.59

7

Fronx

SUV

12,681

14,286

-1,605

-11.23

8

Eeco

MPV

10,960

12,060

-1,100

-9.12

9

Gr. Vitara

SUV

9,736

7,651

2,085

27.25

10

Alto K10

Hatch

7,675

9,043

-1,368

-15.13

11

Celerio

Hatch

3,314

3,220

94

2.92

12

XL6

MPV

3,214

3,509

-295

-8.41

13

S-Presso

SUV

2,227

2,476

-249

-10.06

14

Ignis

Hatch

2,104

1,915

189

9.87

15

Ciaz

Sedan

730

867

-137

-15.80

16

Jimny

SUV

274

257

17

6.61

17

Invicto

MPV

193

193

0

0.00

Performance-Based Insights

Top 3 Performers (May 2024 Sales)

  1. Swift (19,393): While the new Swift managed to score top points with a high dispatch figure, the ground reality is different. We had our team members visit various dealerships as walk-in customers and our interaction with the sales team led us to one conclusion: the demand is far weaker than anticipated. All the sales guys we spoke to agreed that the higher price is affecting Swift's demand. All of them still had the old Swift still in stock and were willing to give discounts. But the discounts varied from one dealer to another; possibly because of the varying number of old stock with the dealership.

  2. Dzire (16,061): The Dzire continues to maintain a healthy demand. According to our ground survey, the stock pile up is less significant and not bothersome. The Dzire also isn’t yet carrying big discounts. While some stock is readily available with most dealers we met, if you want a specific engine-transmission-variant-colour combination, then you will have to wait for 2-3 weeks. The Swift, though, is available in all variants and colours at all dealerships our team visited.

  3. WagonR (14,492): The WagonR is getting good discounts, and that, perhaps, is helping them move some stock and maintain high production numbers. We didn’t get to speak with the dealers about the WagonR as our team members presented themselves as potential Swift/Dzire buyers.

Top 3 Gainers (YoY % Change)

Where we have nothing to say, we won't say something just for the sake of it. So, here are the top 3 YoY gainers of May 2024 in the Maruti portfolio:

  1. Dzire (+41.94%)

  2. Ertiga (+31.96%)

  3. Fronx (+28.57%)

Top 3 Losers (YoY % Change)

  1. Ignis (-53.77%): A >50% drop in Ignis production may come across a shocker as it is one of the first cars to capitalize on the ‘small SUV’ body style. But it’s likely that this is to avoid piling up stock with the dealerships. According to the Nexa dealerships we spoke with, the Ignis is pretty much readily available across all Nexa outlets.

  2. Baleno (-31.45%): According to some sales representatives, many Baleno buyers are choosing the Fronx for its styling and SUV stance. Instead of complaining about the fact that the Fronx is essentially a souped-up Baleno, they’re reportedly glad that it’s a Baleno and that they’re not taking a risk with a new name plate.

  3. Ciaz (-26.41%): Given the high margins on SUV-ish cars, Maruti Suzuki probably don’t even have a replacement for the Ciaz in the pipeline. We should expect the Ciaz to fade into nothingness in the next few months.

Top 3 Gainers (MoM % Change)

  1. Swift (+373.69%)

  2. Gr. Vitara (+27.25%)

  3. Ignis (+9.87%)

Top 3 Losers (MoM % Change)

  1. WagonR (-18.81%)

  2. Brezza (-17.10%)

  3. Ciaz (-15.80%)

Since MoM change doesn’t mean much, we’ll leave it without any comments.

Body-Type Based

YoY, Maruti Suzuki’s SUVs continue to gain ground aggressively at the cost of hatchbacks. No wonder the Alto doesn’t show up in the top 10 cars in the recent months. It’s not very profitable. So, Maruti Suzuki priced it a bit too high. The high price of the Alto leads consumers to either jump to a more expensive car or pay up and buy the Alto. Either way, Maruti Suzuki win.

The sedans in Maruti Suzuki’s portfolio also showed some progress because of some help from the Dzire.

Maruti Suzuki — 6-Month Sales Trend (Dec 2023 - May 2024)

Model

Dec 2023

Jan 2024

Feb 2024

Mar 2024

Apr 2024

May 2024

6M Avg

WagonR

8,578

17,756

19,412

16,368

17,850

14,492

15,743

Dzire

14,012

16,773

15,837

15,894

15,825

16,061

15,734

Baleno

10,669

19,630

17,517

15,588

14,049

12,842

15,049

Brezza

12,844

15,303

15,765

14,614

17,113

14,186

14,971

Ertiga

12,975

14,632

15,519

14,888

13,544

13,893

14,242

Swift

11,843

15,370

13,165

15,728

4,094

19,393

13,266

Fronx

9,692

13,643

14,168

12,531

14,286

12,681

12,834

Eeco

10,034

12,019

12,147

12,019

12,060

10,960

11,540

Gr. Vitara

6,988

13,438

11,002

11,232

7,651

9,736

10,008

Alto K10

2,497

12,395

11,723

9,332

9,043

7,675

8,778

XL6

2,226

4,363

4,093

4,505

3,509

3,214

3,652

Celerio

247

4,406

3,586

3,478

3,220

3,314

3,042

S-Presso

60

3,454

3,059

2,497

2,476

2,227

2,296

Ignis

392

2,598

2,110

2,788

1,915

2,104

1,985

Ciaz

489

363

481

590

867

730

587

Invicto

502

496

366

348

193

193

350

Jimny

730

163

322

318

257

274

344

Disclaimer: This post was written by our guest author (V3Cars). Any views expressed in this article are of the author and do not necessarily represent those of Autopunditz.com. The data presented in this article is the property of Autopunditz.com.

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