The key automaker in India Maruti Suzuki reported its highest-ever monthly sales in the month of August at 1,89,082 units.
However, the dispatches to dealers last month were 14% higher as compared to 1,65,173 units in August.
In a statement, Maruti Suzuki India said the total domestic passenger vehicle sales were at 1,56,114 units as against 1,34,166 units in the year-ago month. This marked a growth of 16%.
The YoY exports have also spiked as last month, it stood at 24,614 units against 21,481 units in the same month last year.
Vehicle-wise sales
As per the statement shared by the auto giant, sales of mini segment cars, comprising Alto and S-Presso, declined to 12,209 units last month from 22,162 units in August 2022.
For the compact cars, including Baleno, Celerio, Dzire, Ignis and Swift, the dispatch rose to 72,451 units over 71,557 units in the year-ago period.
The stock has been in the green since April this year, on a monthly basis. In the last six months, this heavyweight stock has gained nearly 16% against a nearly 10% gain in the equity benchmark Sensex.
It is also to be noted that Maruti Chairman RC Bhargava said last Tuesday that the company will also be investing Rs 45,000 crore to double its production capacity from the existing 2.25 million units to 4 million units in the next seven years.
Maruti Suzuki reports highest-ever monthly sales in August.