Maruti Suzuki gains over 3% after posting best monthly car sales for 2024 in December

Shares of leading passenger car Maruti Suzuki rose in trade by as much as 3.16 percent at the intra-day high after the auto major posted its best monthly vehicle sales of 2024 for the month of December. After touching the day’s high of Rs 11,210 per share on BSE, the stock at around 2:34 pm was trading higher by 2.88 per cent or Rs 312.8 at Rs 11,179.7 apiece on BSE.

In December 2024, Maruti Suzuki India Limited sold a total of 178,248 units. Total sales for the month included domestic sales of 132,523 units, OEM sales of 8,306 units and the highest monthly export of 37,419 units, noted a company press release.

Total sales at the company grew by 29.6 percent year-on-year (YoY) from 1,37,551 units recorded in December 2023 to 1,78,248, while analysts expected sales at the company at 1,71,500 units.

For the first time in the past year, the company recorded sales growth of more than 20 percent per month.

Led by the recovery in sales of Alto, S-Presso, the company’s Mini Segment recorded a sharp YoY growth of 190 percent, while exports also grew at a healthy 39 percent. In the same month last year, the company’s total exports were 26,884 units.

Maruti Suzuki stock price

The stock in the last one year has gained 9 percent, with a 52-week low and high of Rs 9,737.6 and Rs 13,680 respectively.