Maruti Suzuki records highest ever sales in FY23: Brezza, Grand Vitara drive growth – Times of India

Maruti Suzuki has announced its sales figures for FY 2022-23, revealing that it sold a total of 19.66 lakh units in the year, which is the company’s highest ever total sales. This includes 17.07 lakh units sold in the domestic market, as well as 2.59 lakh vehicles exported to other countries. The cumulative growth in FY 2022-23 for Maruti Suzuki was about 15.9 per cent as against the total sales of FY 2021-22, while domestic sales recorded a year-on-year (YoY) growth of 20.5 per cent.
In the month of March 2023, Maruti Suzuki sold a total of 1,70,071 vehicles (domestic + export), which is about 0.19 per cent lower than the 1,70,395 units sold in the same month last year. At 1,39,352, domestic sales (PV +LCV + OEM) also recorded a marginal dip from the 1,43,899 units sold in March 2022.

Despite the overall dip in sales, the company’s Utility Vehicles including Brezza, Ertiga, XL6, S-Cross and Grand Vitara were in high demand. As of April 1, 2023, Maruti Suzuki has increased the prices of its entire car line-up by around 0.8 per cent. The price hike comes in order to partially offset the impact of “overall inflation and regulatory requirements”.

However, increasing vehicle prices from April has been a industry-wide trend for some time now. Auto manufacturers like Honda Cars, Tata Motors and Hero MotoCorp have also announced similar price hikes from April 1, 2023. Moreover, the new real-time driving emission (RDE) norms have also now been implemented, which will result in a host of low-demand cars being discontinued from the market.