Maruti Suzuki India Limited (MSIL) has ended 2024 on a high note, achieving remarkable growth across its sales and market performance. The company’s strong results, driven by demand for its passenger cars, utility vehicles (UVs), and light commercial vehicles (LCVs), cement its place as the dominant force in the Indian automotive market.
December 2024: A Game-Changing Month for Maruti Suzuki
In December 2024, Maruti Suzuki delivered standout sales figures across key segments:
- Domestic Sales: Maruti sold 1,30,117 units, reflecting a 24.18% year-on-year growth. This rise shows the continued preference for Maruti’s vehicles in India.
- Export Growth: The company exported 37,419 units, marking an impressive 39.19% increase, proving its growing international presence.
- Light Commercial Vehicles: LCV sales, powered by the Super Carry, surged by 40.37%, reaching 2,406 units—a key growth area for the company.
- Total Sales: Maruti’s total sales for December stood at 1,78,248 units, a 29.59% increase from the previous year.
Q4 2024: Strong Finish to the Year
Q4 2024 was another successful quarter for Maruti Suzuki:
- Domestic Sales: The company sold 4,31,020 units, a 5.91% increase over Q4 2023.
- Exports: Exports grew by 38.22% to 99,220 units, demonstrating the expanding demand for Maruti cars overseas.
- Sales to Toyota: Maruti Suzuki saw an 89.23% jump in sales to Toyota, reaching 27,102 units.
- LCV Sales: LCV sales grew by 9.29%, with 8,871 units sold.
- Total Sales: Overall, Maruti’s sales reached 5,66,213 units, a solid 12.97% growth from Q4 2023.
Segment-Wise Growth: Strong All Around
Maruti Suzuki’s diverse product portfolio was key to its success in December:
- Mini & Compact Cars: Sales grew to 62,324 units from 48,298 units, driven by models like Alto, Swift, and Baleno.
- Utility Vehicles: Maruti’s UV sales rose to 55,651 units, a strong increase from last year.
- Vans: The Eeco van continued its solid performance, reaching 11,678 units sold.
Exports: A Global Player
Maruti Suzuki’s exports played a significant role in its success. With 37,419 units shipped in December and 99,220 units in Q4, the company’s growing international presence is clear. Maruti’s vehicles are becoming more popular in markets across Africa, Southeast Asia, and Latin America, positioning the company as a key player in the global automotive space.
Looking Ahead: What’s Next for Maruti Suzuki?
Looking to 2025, Maruti Suzuki is poised to build on its success. With strong growth across its key segments and a growing international presence, Maruti is well-positioned to continue leading India’s automotive market. The company will also showcase its electric vehicle, the eVitara, at the Bharat Expo this month, signaling its commitment to a sustainable, electric future.
Technical Analysis: Maruti Suzuki’s Stock Performance
Maruti Suzuki’s stock has shown strong bullish momentum, with four consecutive green candles, backed by favorable technical indicators
- Moving Averages: The stock has surpassed its 50-day and 200-day EMA Resistance Levels over the last two days, signaling a positive trend.
- RSI (Relative Strength Index): The RSI is approaching 70, suggesting the stock is nearing slightly overbought territory.
These indicators suggest that Maruti Suzuki’s stock is in a strong uptrend, with potential for continued growth. Investors should monitor these technical signals alongside fundamental factors to make informed decisions.
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