Maruti Suzuki doubles SUV, MPV production in January 2024

Carmaker's SUV and MPV portfolio consists of seven models.

Published On Feb 12, 2024 12:44:00 PM

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Maruti Suzuki Grand Vitara production and sales

Maruti Suzuki, which is witnessing surging demand for its range of SUVs and MPVs, has ramped up production to meet said demand. The carmaker manufactured a total of 2,00,767 vehicles in January 2024, an increase of 13 percent year on year (January 2023: 1,78,429 units). Of its five vehicle sub-segments, production of utility vehicles (UVs) saw the highest year-on-year (YoY) growth – the 58,226 units are a 100 percent increase over January 2023’s 29,097 units. Maruti currently has seven models in its UV portfolio comprising the Brezza, Grand Vitara, Fronx, Jimny, XL6, Ertiga and the new Invicto.

Maruti's total production increases 13 percent in January 2024
10-month cumulative sales up 77 percent (April 2023-January 2024)
Alto and S-Presso sales decline 42 percent in same period

Following the launch of the petrol-engined Fronx in end-April 2023 and the CNG Fronx in July 2023, overall UV production saw a marked increase in the subsequent months (see table below) following an increase in demand for other popular SUVs and the Ertiga. The Fronx has since surpassed sales of 1,00,000 units, barely 10 months after launch. It's a similar story with the Brezza, which wintnessed an increase in demand post the launch of the CNG variant in March 2023; the last 1,00,000 units were sold in just the last eight months.

Maruti Suzuki UV production numbers
	CY2023	CY2022	Growth
January	29,097	33,550	-13%
February	26,651	33,191	-20%
March	29,440	36,249	-19%
April	31,877	40,399	-21%
May	40,794	36,941	10%
June	35,128	28,002	25%
July	54,788	40,247	36%
August	51,175	35,697	43%
September	56,579	29,811	90%
October	54,316	23,681	129%
November	45,483	29,294	55%
December	44,290	27,303	62%
Total	4,99,618	3,94,365	27%

Maruti SUV sales

This production data, as detailed in Maruti Suzuki’s vehicle production statistics, includes output from both its Haryana plants as well as Suzuki Motor's Gujarat plant. While the 1,66,802 units the company sold in January 2024 are up 13 percent YoY, the 62,308 UVs despatched to showrooms (including MY23 stock) across India constitute the second-best monthly UV performance after July 2023's 62,049 units.

The 10-month cumulative sales of Maruti Suzuki’s SUVs and MPVs reflect their demand: 5,22,626 units, up 77 percent YoY (April 2022-January 2023: 2,95,525 units). This translates to an additional 2,27,101 UVs being sold compared to the previous year, with April 2023-January 2024 UV sales contributing 36.12 percent to the company’s total PV sales of 1.44 million units in the first 10 months of FY2024. Sustained demand for its SUVs and MPVs, particularly the new Nexa models, means that the UV share is a third of total passenger vehicles, helping buffer the 42 percent decline in the sales of the Alto and S-Presso in the past 10 months.

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