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Informist, Friday, Oct. 31, 2025

--Maruti Suzuki: Festive retail sales grew 90% YoY, small car sales doubled
--CONTEXT: Maruti Suzuki mgmt's comments at post-earnings call with analysts
--Maruti Suzuki: Retail sales between Sept 22, Oct 31 at 400,000 units
--Maruti Suzuki: Inventory days much lower now from 38 as of Sept-end
--Maruti Suzuki: Plan to launch 8 SUVs to reverse market share loss
 

By Anand JC and Anshul Choudhary

MUMBAI – Maruti Suzuki India Ltd. has seen its retail sales rise 90% since the new goods and services tax rates kicked in on Sept. 22, the company's management told analysts in a post-earnings conference call on Friday. "Starting 22nd September, retail sales have taken off steeply and the festive season sales have been exceptionally good for us. So the buoyancy of GST reduction will reflect in the future quarters," a top executive of the Indian automotive giant said.

Retail sales of Maruti Suzuki between Sept. 22, which was also the first day of Navratri, and Friday, stood at 400,000 units, compared to 211,000 units sold in the same period last year. Of these 400,000 cars, around 250,000 were small cars, which reported growth of almost 100%. 

In October, retail sales of Maruti Suzuki's cars rose 20% on year. Sales of small cars, which attract GST of 18% now compared to 28% before Sept. 22, increased 30% on year in October. Maruti Suzuki expects this recent rise in demand to help boost its share in the Indian market. The company plans to launch eight sport utility vehicles in the next five years to regain market share of 50% – a level it lost some time back amid increased competition. Maruti Suzuki currently has market share of around 40%. 

Demand has been pretty high, while supply has lagged. Maruti Suzuki said its production team has been working on three consecutive Sundays as well, in a bid to keep up with the demand. "A number of orders are now on a small waiting list; we are stretching to deliver on this demand," an executive said. The company had inventory of around 38 days as of September-end, which it said was much lower now, without quantifying it.

During the September quarter, Maruti Suzuki offered discounts that exceeded the quantum of price cut due to the reduction in GST rates. The average selling price of Maruti Suzuki's cars stood at INR 587,000 in the reporting quarter, up from INR 576,000 in the year-ago quarter. 

Earlier in the day, Maruti Suzuki reported a net profit of INR 32.93 billion for the September quarter on revenue of INR 421.01 billion. The company disclosed its results during market hours. On Friday, its shares closed at INR 16,186 on the National Stock Exchange, down 0.1%.  End

Edited by Avishek Dutta

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