Slowdown Blues: Maruti sales fall again in November, decline 3.3%

Slowdown Blues: Maruti sales fall again in November, decline 3.3%

The decline in Maruti's sales just when it looked like the worst was over in October, adds to the narrative of a deepening slowdown in the overall Indian economy now inching towards a recession

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India's largest carmaker Maruti Suzuki India dispatched 139,133 units to its dealerships across the country last month against 143,890 units in October last yearIndia's largest carmaker Maruti Suzuki India dispatched 139,133 units to its dealerships across the country last month against 143,890 units in October last year
Sumant Banerji
  • Dec 1, 2019,
  • Updated Jan 9, 2020 3:05 PM IST

The reprieve from the festive season for the domestic automobile industry is proving to be very short-lived. India's largest carmaker Maruti Suzuki India, which had posted a 2.3% increase in sales in October breaking a series of seven straight months of decline, fell again in November posting a 3.3% drop in its passenger vehicle sales over the last year.

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The company dispatched 139,133 units to its dealerships across the country last month against 143,890 units in October last year. In absolute terms this was Maruti's highest sales in any month this fiscal.

The last time it had posted higher sales than this was in March 2019 when it had sent 145,031 units to its dealers. Even then, the decline is largely because of the high base of last year in November when the festival of Diwali had fallen during the month. This year both major festivals--Dussehra and Diwali, were in October.

The addition of a new model-S Presso, in October, helped the company reduce the rate of decline in sales in its entry-level mini car segment that has been the worst hit by the overall slowdown in the industry. That category for the company saw a 12.2% decline in the month that was much lower than the over 50% decline in the first 6 months of the fiscal.

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The reprieve from the festive season for the domestic automobile industry is proving to be very short-lived. India's largest carmaker Maruti Suzuki India, which had posted a 2.3% increase in sales in October breaking a series of seven straight months of decline, fell again in November posting a 3.3% drop in its passenger vehicle sales over the last year.

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The company dispatched 139,133 units to its dealerships across the country last month against 143,890 units in October last year. In absolute terms this was Maruti's highest sales in any month this fiscal.

The last time it had posted higher sales than this was in March 2019 when it had sent 145,031 units to its dealers. Even then, the decline is largely because of the high base of last year in November when the festival of Diwali had fallen during the month. This year both major festivals--Dussehra and Diwali, were in October.

The addition of a new model-S Presso, in October, helped the company reduce the rate of decline in sales in its entry-level mini car segment that has been the worst hit by the overall slowdown in the industry. That category for the company saw a 12.2% decline in the month that was much lower than the over 50% decline in the first 6 months of the fiscal.

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