Leading car maker Maruti Suzuki India has posted a marginal increase in its passenger vehicle (PV) volumes in June amid GST-related concerns.

The company’s total domestic PV volumes stood at 93,057 units in June as against 92,133 units in June 2016. Its volumes were primarily driven by UVs and compact models.

Total domestic car sales saw a four per cent decline at 69,970 units (72,551 units), while UV sales, led by products such as Vitara Brezza and S-Cross, grew by 43 per cent at 13,879 units as against 9,708 units.

Sales of compact models (Swift, Baleno, Ignis and Dzire) stood at 40,496 units as against 39,971 units. However, sales of the mini segment (Alto, WagonR) fell by 8 per cent year-on-year to 25,524 units during the month as against 27,712 units in June 2016.

Sales of its mid-size sedan Ciaz were recorded at 3,950 units in June as against 2,800 units in June last year. The company sold 206 units of its light commercial vehicle Super Carry during the month.

Export volumes almost doubled in June at 13,131 units when compared with 6,707 units.

For Q1 of this fiscal, Maruti’s total domestic volumes grew by 14 per cent at 3,67,386 units when compared with 3,22,340 units in Q1 of the previous fiscal.

Exports in the April-June 2017 quarter stood at 26,140 units as against 26,103 units.

Benefit of GST rates passed on

Meanwhile, MSIL also announced that the company has passed on the entire benefit of GST rates on vehicles to its customers.

"The ex-showroom prices of Maruti Suzuki models have come down by up to 3 per cent. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST," it said.

Owing to withdrawal of tax concessions on mild hybrid vehicles, the price of the Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased, it added.

Related Topics
comment COMMENT NOW