Maruti Suzuki Sales Down Nearly 4% In February

February Maruti Suzuki Car Sales: Maruti Suzuki India's total sales in the domestic market declined 3.56 per cent in February. In a regulatory filing on March 1, the country's largest carmaker said it sold 134,150 vehicles in the domestic market last month, as against 139,100 units in February 2019. The monthly sales data from the company comes at a time the country's automobile sector is struggling against a prolonged slowdown due to weak demand. Maruti Suzuki India accounts for around half of the passenger vehicle market in the country.

Total passenger vehicle sales fell 2.34 per cent to 1,33,702 vehicles in February, according to Maruti Suzuki India. Out of those, passenger car sales came in at 99,871 vehicles, down 0.64 per cent compared with the corresponding period a year ago.

In the "compact" segment, which comprises models WagonR, Swift, Celerio, Ignis, Baleno, Dzire and Tour S, sales fell 3.92 per cent to 69,828 vehicles.

In the "mini" segment, however, sales increased 11.10 per cent to 27,499 units, according to Maruti Suzuki India. The mini segment comprises Maruti Suzuki's Alto and S-Presso models.

Maruti Suzuki said its total exports increased 7.09 per cent to 10,261 units in February.

In the 11 months so far this financial year (April-February), Maruti Suzuki's total sales in the domestic market stood at 13,59,148 units as against 16,06,087 in the corresponding period a year ago, marking a decline of 15.38 per cent.

Last Month, Maruti Suzuki's parent - Japan's Suzuki Motor - had said it expected its India sales to slide by a fifth this business year as the industry battles a steep sales contraction following decades of strong demand growth, hit by tighter credit and higher insurance costs.