1 day ago

Maruti Suzuki’s SUV Growth Reaches 167% as Capacity Expands

Maruti Suzuki’s SUV Growth Reaches 167% as Capacity Expands
Maruti’s SUV growth accelerates to 167% as capacity ramps up · financialexpress.com

Maruti Suzuki is selling many more SUVs than before.

SUV growth rose to 167% in July and August.

SUVs now make up nearly one-third of the company’s vehicle sales mix.

The Brezza, Grand Vitara and Victoris are especially popular.

The updated Brezza has about 50,000 bookings and a two-month wait.

Many buyers are choosing CNG versions, which have longer waiting periods.

Maruti Suzuki is increasing production at plants in Gujarat and Kharkhoda.

However, the company still has about 1.8 lakh bookings waiting to be fulfilled.

Key facts

SUV growth
167% in July-August, compared with 144% in the first quarter
SUV portfolio share
32% of Maruti Suzuki’s overall portfolio
Brezza facelift bookings
About 50,000
Brezza facelift waiting period
Two months
Pending bookings
Around 1.8 lakh across powertrains
Network inventory
16 days
Monthly production
About 1.8 lakh units, compared with 2 lakh units the previous month

Quotes

Partho Banerjee

Senior executive officer for marketing and sales at Maruti Suzuki

“We can do more however there are capacity constraints. It is mainly the right product mix and right price that is being offered. We are having a play in all segments and we think are offering right products at the right pricing.”
financialexpress.com
“Our SUV Q1 growth was 144% and in July-August this year it’s 167%. Plant ramp up is in process and we are making more vehicles and increasing our share in SUV segment.”
financialexpress.com

Sources

Related news