Maruti Suzuki is India’s first car manufacturer to reach this milestone.
Maruti Suzuki has become the first manufacturer to reach the cumulative sales milestone of 25 million cars and SUVs.
The 25 million sales mark comes 40 years after Suzuki Motor Corporation, Japan signed a joint venture agreement with Maruti Udyog, Maruti Suzuki’s predecessor, in 1982.
- Maruti Suzuki achieved the 25 million production mark in November 2022.
- So far, approximately 2.1 million hybrid and CNG vehicles have been sold.
- Suzuki plans to launch six new electric vehicles in India by 2030.
This sales milestone comes just over two months after Maruti Suzuki achieved cumulative production of more than 25 million units in November, making it the only Indian company to do so in passenger vehicle production.
When Maruti Suzuki started it’s production ?
The company, which began operations in 1983 and produced the car that put India on wheels, the Maruti 800, now has two state-of-the-art manufacturing facilities in Haryana, Gurugram and Manesar. Both facilities have a combined manufacturing capacity of 1.5 million units per year.
Maruti Suzuki took 23 years from the start of production to reach the 5 million unit sales milestone in February 2006, and the subsequent 5 million units took six years. Later on, the number increased even more, with the transition from 10 million to 20 million units taking seven years. The last 5 million units were completed in just four years, and the 25-million mark was reached earlier this month.
Maruti Suzuki currently sells 17 models in India and is working to increase the popularity of hybrid and CNG models. Maruti Suzuki has sold approximately 2.1 million units of hybrid and CNG models in total.
Maruti’s Achievement in 2022
Maruti Suzuki sold over 1.5 million units in 2022, representing a 15% annual increase. Smaller cars such as the Celerio, Wagon R, Swift, Ignis, and Baleno accounted for the majority of the brand’s growth, accounting for 55 percent of Maruti Suzuki’s sales in 2022 with 8,69,040 units. Last year, the SUVs and MPVs sold 3,37,157 units, accounting for 21% of total sales.
Its entry-level models, the Alto and S-Presso, saw a 17 percent drop in sales, with 2,27,824 units sold, due to slowing demand in the mass market segment.
Maruti Suzuki has a backlog of approximately 3,50,000 units. It would have fared better if production had not been disrupted at various points throughout the year due to the semiconductor supply chain issue.
MPV, SUV Sale Performance
Maruti Suzuki was second in Sports Utility Vehicle (SUV) sales in the current fiscal year 2023, trailing Tata Motors. Despite the semiconductor crisis, Maruti Suzuki sold 2,60,172 SUVs and MPVs between April and December 2022, a 22 percent increase over the same period last year. However, Maruti’s growth in this segment has been slower than that of Tata and Mahindra, both of which have more UV models.
The carmaker is expected to reclaim UV market share with the new Grand Vitara, as well as maintain demand for the new Brezza and Ertiga.
Future Plan of Maruti Suzuki in India
Suzuki recently announced that six new EVs will be available in India by FY2030. The first fully electric Maruti will hit Indian roads in 2025, and it will be a production version of the eVX midsize SUV concept shown at the 2023 Auto Expo. Maruti Suzuki will concentrate on smaller, mass-market EVs.
Maruti Suzuki will soon release the Fronx SUV and the much-anticipated Jimny off-roader. The two models made their global debut at Auto Expo 2023, and reservations are already being taken.