Indian car manufacturers Maruti Suzuki India Limited. and Tata Motors Ltd. reported a decline in sales for August 2024. Maruti Suzuki India reported a nearly 3.9 percent decline in sales, and Tata Motors reported an 8 percent decline in sales figures, according to a Bombay Stock Exchange (BSE) filing on Sunday, September 1.
Maruti Suzuki India, reported sale of 181,782 units in August 2024, compared with 189,082 units in August 2023, according to the exchange’s filing on Sunday. August The company’s sales include 145,570 units sold domestically and 26,003 units exported.
Maruti Suzuki India actions closed with a drop of 0.24 percent in ₹12,421.25 after Friday’s trading session, compared to ₹12,451.70 in the previous trading session.
The carmaker’s sales in August decline Growth was driven by falling sales figures in the small car segment, which covers mini and compact cars. Sales declined 18.85 percent to 68,699 units in August 2024, compared with 84,660 units in the previous year, according to sales data in the report.
The company domestic Sales were affected in August, as units sold fell 8.4 percent to 143,075 units, compared with 156,114 units in the same month last year, the company said in a statement.
Maruti Suzuki’s export data highlighted growth as the automaker witnessed a 5.64 per cent growth in Exports to 26,003 units in August 2024, compared with 24,614 units in the same period last year, according to the company.
Tata Motors In August 2024, the company reported sales of 70,006 units, as against 76,261 units in the same period last year, according to the company’s data filed with the BSE. The company’s commercial vehicle sales fell 15 per cent to 27,207 units in August 2024, as against 32,077 units in the same month last year, according to the company’s data.
The car manufacturer passenger Vehicle sales decreased 3 percent year-on-year to 44,142 units in August 2024, compared with 45,513 units in the previous year.
Tata Motors shares closed down 0.92 percent ₹1,109.40 after Friday’s trading session, compared to ₹1,119.65 at the close of the previous market.
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