Maruti Suzuki’s demand for passenger vehicles remaining weak, Maruti registered a sharp 25% decline in volumes in May, one of its steepest fall in many years. This is the third straight month of decline for Maruti that saw volumes go down by 20% in April and one per cent in March.
Maruti, which has spoken about weak consumer sentiment amidst economic uncertainty and tighter liquidity, said that total domestic sales in May stood at 1.2 lakh units against 1.6 lakh units in May last year. Alarmingly for the company, sales fell across its product categories, including small cars, sedans and SUVs. Maruti has been cutting production in view of the decline in sales numbers, and did not produce car for one full day in May as part of an unscheduled off-day.
Maruti Suzuki registers sharp 25% decline in passenger vehicle in May
