- Maruti Suzuki and Hyundai Motor India report marginal growth in domestic sales for April, with SUVs driving sales growth.
- Maruti’s domestic sales inch up slightly, while Hyundai’s domestic sales rise by 1% year-on-year.
- Both automakers experience significant growth in exports, lifting overall sales figures for the month.
Maruti Suzuki and Hyundai Motor India, two leading car manufacturers in India, observe a modest increase in domestic sales for April. Maruti Suzuki’s domestic sales see a marginal rise, driven by strong sales in the SUV segment, while Hyundai’s domestic sales record a 1% year-on-year increase.
Although Maruti Suzuki reports declines in sales of mini and compact cars, its overall domestic sales experience a slight uptick. Conversely, Hyundai’s sales are buoyed by models like CRETA and VENUE, with SUVs contributing significantly to its domestic sales growth.
Both automakers witness a substantial surge in exports, with Maruti Suzuki’s exports growing by 30.5% and Hyundai’s exports jumping by 58.8% compared to April 2023. This surge in exports compensates for the flat domestic sales, driving overall sales growth for both companies.
Overall, Maruti Suzuki and Hyundai Motor India maintain a positive outlook, with exports playing a pivotal role in driving sales growth amid challenging domestic market conditions.
