Winning Bizness Sports Desk
Mumbai. The country's leading automaker Maruti Suzuki has reached an all-time high in monthly vehicle sales as the company successfully sold 1.89 lakh vehicles in the month of August with a growth of 14.5% year-on-year. This is the highest selling Maruti in a month. Earlier, the company had sold 1,82,448 vehicles in a month in October 2020. Shares of Maruti rose more than 3% today to close at Rs 10,320, its new closing high, after the sales figures. At the same time, Maruti K's share has also made a new all-time high and 52-week high of Rs 10,397 during the trading session. Notably in August last year, the company had shipped 1,65,173 units. Along with this, the share of this company also made an all-time high at the level of Rs 10,397 today. According to a report released by Maruti Suzuki India Limited (MSIL), domestic sales of total passenger vehicles increased by 16% to 1.56 lakh units from 1.34 lakh units in August 2022. Sales of small cars like Alto, S-Presso declined to 12,209 units from 22,162 units in August 2022.
24,614 units exported abroad
Report also found that Compact cars like Baleno, Celerio, Dzire, Ignis and Swift sold 72,451 units, which was 71,557 units in August 2022. MPVs (multi-purpose vehicles) like Brezza, Ertiga, Frons, Grand Vitara, Jimny and XL6 sold 58,746 units in August as against 26,932 units in August last year. MSIL said its exports in August stood at 24,614 units as against 21,481 units in the same month last year.
Maruti's most expensive car 'Invicto' launched
Maruti Suzuki launched its first premium MPV 'Invicto' in India on 5th July. This is the most expensive car of the company. The starting price of the car is Rs 24.79 lakh which goes up to Rs 28.42 lakh in the top variant. Invicto can also be purchased on a monthly subscription of Rs 61,860. The focus of the company will be on green energy in the future. Under this, she is now preparing her cars to run on bio gas made from cow dung. It will also launch its 6 electric vehicles in the Indian car market.
SMC says that we are working towards achieving carbon neutrality by the year 2070 based on the target set by the governments of different countries. For this, targets have been set up to 2050 in Japan-Europe and 2070 in India. The company will invest 4.5 trillion yen (approximately Rs. 2.82 lakh crore) to achieve a carbon neutral portfolio. The company is targeting a turnover of Rs 4.39 lakh crore. SMC plans to build 6 electric vehicles under the Toyota-Suzuki partnership. It will launch its first electric SUV in India in 2024. After this, the next 5 cars will be launched in the Indian market by 2030.