Maruti Suzuki YoY sales almost double in March

Image
Capital Market
Last Updated : Apr 01 2021 | 12:04 PM IST

The car major's total sales surged 99.31% to 1,67,014 units in March 2021 as against 83,792 units March 2020.

Sequentially, the company's total auto sales rose 1.54% in March 2021 as against 1,64,469 units sold in February 2021.

Total domestic sales (PV+LCV) jumped 94.23% to 1,49,518 units while total export sales surged 146.11% to 11,597 units in March 2021 over March 2020.

Total domestic sales (domestic+OEM) grew 96.53% to 1,55,417 units in March 2021 over 79,080 units in March 2020.

"MSIL domestic sales in FY19-20 had fallen by 18% due to reasons that are well known and in FY 20-21 have been impacted due to COVID related factors. Domestic Sales in March 2020 had dropped about 48% due to COVID related disruptions. It will be seen that domestic sales in March 2021 have only recovered to March 2019 levels," the car major highlighted in its statement.

Maruti Suzuki India posted a 25.8% jump in consolidated net profit to Rs 1,996.70 crore on 13.2% rise in net sales to Rs 22,241.10 crore in Q3 FY21 over Q3 FY20.

Shares of Maruti Suzuki India rose 0.51% to Rs 6,894.75 on BSE. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 01 2021 | 11:34 AM IST

Next Story