Maruti Suzuki India (MSI) lowered its production treaties by 20.7 per cent in October. Production treaties has been cut by the company for the ninth consecutive month. Msi said in a regulatory filing that a total of 119,337 units were production treaties in October, compared to 150,497 units production treaties in October, a year earlier.
Production treaties for the company’s passenger vehicles dropped 20.85 per cent to 1,17,383 units in October. It was 1,48,318 units in October 2018. Production treaties for mini and compact cars decreased 21.57 per cent to 85,064. In October last year, the figure was 108,462 units. Maruti Suzuki’s mini and compact car segments include Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire.
The production treaties of mid-sized sedan Ciaz fell to 1,922 units, up from 3,513 units in October last year. Production treaties for light commercial vehicle Super Carry also declined to 1,954 units last month, from 2,179 units in October 2018.
Production treaties of utility vehicles increased
Maruti’s production treaties of utility vehicles such as Vitara Brezza, Ertiga and S-Cross rose marginally to 22,736 units in October 2019, up from 22,526 units in October 2018. Maruti Suzuki reduced its production treaties by 17.48 per cent in September to 1,32,199 units.
Sales grew 4.5%
Maruti Suzuki’s sales grew by 4.5 per cent on an annual basis in October. Maruti’s sales have grown after eight consecutive months of decline. However, the festive shopping and new launch essays are the main reasons behind this boom in sales. Earlier in September 2019, Maruti’s sales had decreased by more than 24 per cent. Last month, sales of compact and utility segment cars have sharply boosted total sales. The company’s total sales rose to 153,435 units in October 2019. This includes domestic sales of 141,550 units, 2,727 units of domestic OEMs and 9,158 units of exports. Read about this in detail… Maruti sales up 4.5% in October, compact and UV segments show