No festive cheer for Maruti as sales fall in October, compact segment hit hard, UV shines

Maruti has claimed that it is adjusting the production based on retail sales to bring down dealership inventory.

The country's largest carmaker, Maruti Suzuki India, today announced a decline of more than 5% year-on-year (y-o-y) in domestic passenger vehicle (PV) wholesales for October owing to de-growth in the mini, compact and van segments.

Maruti's PV volume in the domestic market dropped 5.03% y-o-y at 159,591 units in October. The carmaker recently said that it is adjusting the production based on retail sales to bring down dealership inventory.

The wholesales in the mini segment slipped 26.64% y-o-y at 10,687 units during the month, while the compact segment took a hit of 18.24% y-o-y at 65,948 units.

The mini segment includes models like the Alto K10 and the S-Presso. The compact segment has models like the Celerio, WagonR, Ignis, Swift, Baleno and Dzire.

The mid-size segment, with the Ciaz, clocked 659 units, logging a decline of 5.18% y-o-y in October. In the van segment, which has the Eeco, the volume dropped 10.19% y-o-y at 11,653 units.

There was a handsome rise of 19.44% y-o-y in the wholesales in the utility vehicle segment at 70,644 units in October. Maruti offers utility vehicles like the Fronx, Brezza, Jimny, Grand Vitara, Ertiga, Invicto and XL6.

Maruti domestic PV wholesales

Source - Maruti Suzuki India