Maruti Suzuki’s domestic wholesale sales of passenger cars decline in August 2021
Despite the lack of essential electronic components in the industry, Maruti Suzuki remains a driving force. For August 2021, MSIL reported year-on-year growth in wholesale sales at 1,30,699 units. A year ago, sales were recorded at 1,24,624 units, on a profit of over 6k units. The saving grace was exports, which were included in the help after cumulative growth.
In fact, there was a decline in domestic sales last month. The most noticeable is the small car segment of the brand. Domestic wholesale sales in the mini and compact segments declined by 15,627 units. It is abstract. In the Mini segment, sales of Alto and S-Presso remained stable at 20,461 units, up from 19,709 units.
However, wholesale sales in the compact segment declined. WagonR, Swift, Celery, Ignis, Baleno, DZire and Tour S contribute to this largest segment of life for MSIL. And sales declined to 45,577 units from 61,956 units. The decline in sales volume stood at 16,379 units. The smaller segment has a major presence in the total sales every month and MSIL dominates this segment. This not only helps the industry in large numbers but also helps in monthly sales of MSIL.
Maruti UV Segment
Ciaz sales increased to 2,146 units from 1,223 units. Maruti’s widely fragmented UV segment registered an increase. Cumulative wholesale sales of Ertiga, S-Cross, Vitara Brezza, XL6, and Gyspy increased from just 21k units to 24,337 units. Eeco Van sales increased from 9,115 units to 10,666 units. Overall, domestic passenger car wholesales stood at 1,03,187 units, which is almost 10k units lower than the 1,13,033 units recorded in August 2020. There has been a decline of 8.71 percent in sales.
Super Carry LCV sales are reported to increase from 2,292 units to 2,588 units. Sales to other OEMs (Toyota India) are reported to have increased from 1,379 units to 4,305 units. Exports stood at 20,619 units, just down from 8k units in the same month.
lack of electrical components
Sales volume in August 2020 was impacted due to the disruptions caused by the Covid-19 pandemic. While the country went into complete lockdown earlier, the long-term effects of opening up auto sales in a phased manner were not immediately undone. Getting to the top of the logistics and strengthening the supply chains was possible only after due process.
There is no doubt that the manufacturers have taken all possible measures. This included implementing enterprise wide collaborative technology systems to address supply issues with electronic components used in production.
Sales volumes were affected in August 2021 due to supply issues. Possible measures were taken to limit the impact on both months. MSIL has already announced that production in September 2021 will also be affected due to disruption in acquisition of essential components.