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Time of India
6 days ago
- Automotive
- Time of India
Maruti engine sputters on small car woes
Production at Maruti Suzuki India Ltd , India's largest carmaker, fell to a five-year low in June as demand for its bread-and-butter small cars and compact sedans continued to weaken. An email sent to Maruti remained unanswered. June is typically when Maruti undertakes its bi-annual plant maintenance shutdown, but this year's figure is the lowest for the month since 2020. Output has fallen 23per cent to 125,392 from 163,037 in June 2021, according to the company's monthly production filing. The slide is reflective of broader fatigue in the small car segment, once Maruti's mainstay, amid a shift in consumer preferences toward sport utility vehicles (SUVs) and premium models. SUVs now account for 66per cent of the total sales mix, according to the Society of Indian Automobile Manufacturers (SIAM). Besides this, Maruti lacks electric vehicles in its model range. Rivals Tata Motors and Mahindra & Mahindra have a head start in that segment. Dealers say inventory levels have been gradually building up at outlets, particularly for models such as the Alto, S-Presso, Dzire and Celerio, forcing the automaker to regulate output to avoid overstocking. 'Despite attractive consumer offers, demand in the entry-level segment has remained tepid for several quarters,' said a senior executive at a leading Maruti dealership. Changing Buyer Preferences 'Rising ownership costs, changing consumer aspirations, and urban market saturation are all playing a role.' According to a July 1 report by Kotak Institutional Equities, Maruti's domestic sales declined 4.5per cent year-on-year in the June quarter, pulled down by a steep 36per cent drop in the sales of its smallest models. The broader market hasn't fared much better. Passenger vehicle sales in India fell 1.4per cent to 1 million units in the April-June period from the year earlier, snapping a four-year growth streak, according to data released by SIAM on Tuesday. Analysts said the outlook for small cars remains weak in the near term, and manufacturers may need to re-strategize product portfolios to align with evolving buyer preferences. 'Apart from the structural changes in the car market, lack of a completely new model introduction in the small car segment has made it unattractive for the buyers,' said Puneet Gupta, director at S&P Global Mobility. Companies are no longer looking at investing in new small car models as tighter regulations on emissions and safety have made it unviable for manufacturers to sell cars at competitive prices, he noted. Brokerage Nomura Research has maintained its FY26 growth forecast for passenger vehicles and two-wheelers at 5per cent and 7 per cent, respectively. 'We expect demand to improve in the second half, led by lower income tax and reduced interest rates,' Kapil Singh of Nomura Research said in a note. Expectations that the upcoming festive season—along with lower income taxes and interest rates—may revive demand need to be balanced by Chinese curbs on the export of rare earth magnets, a critical component of EVs and ICE engines.
Time of India
6 days ago
- Automotive
- Time of India
Maruti engine sputters on small car woes
Production at Maruti Suzuki India Ltd , India's largest carmaker, fell to a five-year low in June as demand for its bread-and-butter small cars and compact sedans continued to weaken. An email sent to Maruti remained unanswered. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Design Thinking others healthcare MBA Public Policy Management Digital Marketing Data Analytics MCA CXO Others Product Management Finance Leadership Healthcare Data Science Technology Operations Management PGDM Cybersecurity Degree Project Management Data Science Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details June is typically when Maruti undertakes its bi-annual plant maintenance shutdown, but this year's figure is the lowest for the month since 2020. Output has fallen 23% to 125,392 from 163,037 in June 2021, according to the company's monthly production filing. The slide is reflective of broader fatigue in the small car segment, once Maruti's mainstay, amid a shift in consumer preferences toward sport utility vehicles (SUVs) and premium models. SUVs now account for 66% of the total sales mix, according to the Society of Indian Automobile Manufacturers (SIAM). Besides this, Maruti lacks electric vehicles in its model range. Rivals Tata Motors and Mahindra & Mahindra have a head start in that segment. Live Events Dealers say inventory levels have been gradually building up at outlets, particularly for models such as the Alto, S-Presso, Dzire and Celerio, forcing the automaker to regulate output to avoid overstocking. 'Despite attractive consumer offers, demand in the entry-level segment has remained tepid for several quarters,' said a senior executive at a leading Maruti dealership. Changing Buyer Preferences 'Rising ownership costs, changing consumer aspirations, and urban market saturation are all playing a role.' According to a July 1 report by Kotak Institutional Equities, Maruti's domestic sales declined 4.5% year-on-year in the June quarter, pulled down by a steep 36% drop in the sales of its smallest models. The broader market hasn't fared much better. Passenger vehicle sales in India fell 1.4% to 1 million units in the April-June period from the year earlier, snapping a four-year growth streak, according to data released by SIAM on Tuesday. Analysts said the outlook for small cars remains weak in the near term, and manufacturers may need to re-strategize product portfolios to align with evolving buyer preferences. 'Apart from the structural changes in the car market, lack of a completely new model introduction in the small car segment has made it unattractive for the buyers,' said Puneet Gupta, director at S&P Global Mobility. Companies are no longer looking at investing in new small car models as tighter regulations on emissions and safety have made it unviable for manufacturers to sell cars at competitive prices, he noted. Brokerage Nomura Research has maintained its FY26 growth forecast for passenger vehicles and two-wheelers at 5% and 7%, respectively. 'We expect demand to improve in the second half, led by lower income tax and reduced interest rates,' Kapil Singh of Nomura Research said in a note. Expectations that the upcoming festive season—along with lower income taxes and interest rates—may revive demand need to be balanced by Chinese curbs on the export of rare earth magnets, a critical component of EVs and ICE engines.
News18
06-07-2025
- Automotive
- News18
Maruti Suzuki And Hyundai Domestic Sales Dropped, But Exports Up in Apr-June 2025
According to company data, total domestic passenger vehicle sales fell to 1,18,906 units in June 2025 compared to 1,37,160 units in the same month last year. This marks a drop of 13.3 per cent year-on-year for June. The decline in sales was also visible in the first quarter of FY2025-26. From April to June 2025, Maruti Suzuki sold 3,93,572 passenger vehicles in the domestic market, compared to 4,19,114 units sold in the same period of FY2024-25. This represents about a 6.1 per cent decline in sales during the quarter. The sharpest fall was seen in the Mini and Compact car segments. Mini cars like Alto and S-Presso saw sales drop to 6,414 units in June 2025, down from 9,395 units a year ago. Compact cars such as Baleno, Celerio, Dzire, Ignis, Swift, and WagonR also saw a decline in sales to 54,177 units, down from 64,049 units in June 2024. Together, the Mini and Compact segments fell from 73,444 units to 60,591 units, indicating a weak demand in small car categories. Light Commercial Vehicle (LCV) sales also saw a marginal drop, while export sales increased to 37,842 units in June 2025, up from 31,033 units a year ago. Overall, Maruti Suzuki's total domestic sales (including PV and LCV) stood at 1,21,339 units in June 2025, compared to 1,39,918 units in June 2024, showing a broader decline in local demand. Despite the dip in domestic sales, export performance showed growth, which helped the company limit the impact on total sales. The company exported 96,972 vehicles in April-June 2025 versus 70,560 vehicles in the same period in the previous year, a 22 per cent increase. On the other hand, Hyundai Motor India Limited (HMIL) sold 60,924 units in June 2025, out of which 44,024 units were sold in India and 16,900 units were exported. In the first quarter of the financial year 2026 (April to June), Hyundai sold 1,80,399 units in total. This included 1,32,259 units in domestic sales and 48,140 units in exports. Hyundai also achieved a 13 per cent year-on-year growth in exports during Q1 of FY2026, increasing from 42,600 units last year to 48,140 units this year. Exports made up 26.7 per cent of Hyundai's total sales, showing the company's growing focus on international markets. SUVs played a big role in Hyundai's domestic sales, contributing 67.6 per cent of total sales in India during June 2025. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, 'In the domestic market, the geopolitical situation continued to affect the market sentiment with domestic sales registering 44,024 units in June 2025." Advertisement
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Business Standard
02-07-2025
- Automotive
- Business Standard
Hyundai Creta tops June sales, trails Wagon R in H1 2025 rankings
Hyundai's popular mid-size SUV, the Creta, has emerged as the top-selling passenger vehicle in India for June 2025, edging ahead of Maruti Suzuki's Dzire by a narrow margin. According to industry data, the Hyundai Creta recorded sales of 15,786 units in June, ahead of the Dzire at 15,484 units, followed by the Brezza with 14,507 units and the Ertiga at 14,151 units. For the January–June 2025 period, the Creta was the second highest-selling model with 1,00,560 units, just behind Maruti Suzuki's Wagon R, which led with 1,01,424 units. The Dzire followed with 96,101 units, Brezza with 93,729 units, and Swift with 93,098 units. According to Hyundai, the Creta has been the best-selling model in the country for three out of the first six months of the year—March, April and June. June 2025 also marked the tenth anniversary of the Creta nameplate. 'Becoming the best-selling model in June 2025, exactly as it completes 10 years in the country, is a testament to the love and trust that Indian customers have placed in the brand,' said Tarun Garg, whole-time director and chief operating officer, Hyundai Motor India, in a statement. The monthly performance of the Creta showed a steady trend, with the model topping the charts in March with 18,059 units, in April with 17,016 units and again in June. The Dzire briefly took the lead in May with 18,084 units, but Hyundai regained the top spot the following month. With SUVs continuing to dominate customer preferences in India, Hyundai's performance in H1 2025 signals robust demand in the segment. Maruti Suzuki remains a strong competitor with multiple models—the Dzire, Brezza, Ertiga, Swift and Wagon R—continuing to perform well.
Mint
02-07-2025
- Automotive
- Mint
Maruti Suzuki share price edges higher despite 13.3% drop in domestic PV dispatches in June
Maruti Suzuki share price in focus today: Shares of Maruti Suzuki India, the country's largest automaker, edged up by nearly 1% in Wednesday's intraday trade to hit the day's high of ₹ 12,560 apiece, even as the company's June dispatches to dealers dropped to their lowest level since December 2023. The company on Tuesday reported a 13.3% year-on-year (YoY) decline in total domestic passenger vehicle (PV) sales to 1,18,906 units in June, compared to 1,37,160 units in the same month last year as weak demand from urban consumers continued to weigh on overall sales growth, with its largest segment—small cars sales, remaining under pressure. Sales of entry-level cars, typically smaller, simpler, and more fuel-efficient, dropped sharply by 32% in June. Dispatches of compact cars, including the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 54,177 units, a decline of 15% YoY. In addition, utility vehicle sales including models such as the Brezza, Ertiga, Grand Vitara, and XL6 also dropped to 47,947 units from 52,373 units a year earlier. The Eeco van recorded sales of 9,340 units in June, compared to 10,771 units in the year-ago period, bringing total domestic sales for June to 1,18,906 units. The sharp drop in mini car sales has led the company to scale down production. It manufactured 7,097 mini cars, including the Alto and S-Presso, in June 2024, down from 10,133 units in the same month last year. Overall production in June stood at 1,27,545 units, compared to 1,33,095 units in the year-ago period. While domestic demand remains muted, the export market has held up well despite rising global economic uncertainty. Maruti Suzuki exported 37,842 units in June, registering a 22% YoY growth.
