Maruti Suzuki's annual sales volume crosses 2 million units

The annual sales volume of Maruti Suzuki surpassed 2 million units in FY2024 and the company retained its position as the top exporter of passenger ve
...
Maruti Suzuki Logo
Maruti Suzuki's total revenue from sales in Q4 FY24 reached ₹36,697.5 crore, up from ₹30,821.8 crore during the same period last fiscal (REUTERS)
Maruti Suzuki Logo
Maruti Suzuki's total revenue from sales in Q4 FY24 reached ₹36,697.5 crore, up from ₹30,821.8 crore during the same period last fiscal

Maruti Suzuki India disclosed its quarter four results for FY 2023-24, indicating a notable rise in net profit by 47.8 per cent to 3,877.8 crore compared to 2,623.6 crore in the same period last fiscal year. The annual sales volume of Maruti Suzuki has also surpassed 2 million units. The company has retained its position as the top exporter of passenger vehicles in India for the third consecutive year.

The company informed the exchange in its filing that the total revenue of the company from sales in Q4 FY24 reached 36,697.5 crore, up from 30,821.8 crore in the corresponding period of the previous year.

Also check these Cars

Find more Cars
Maruti Suzuki Celerio (HT Auto photo)
Engine Icon998.0 cc FuelType IconMultiple
₹ 5.37 Lakhs
Compare
View Offers
Maruti Suzuki Swift (HT Auto photo)
Engine Icon1197.0 cc FuelType IconMultiple
₹ 5.99 Lakhs
Compare
View Offers
Maruti Suzuki Wagon R (HT Auto photo)
Engine Icon1197.0 cc FuelType IconMultiple
₹ 5.54 Lakhs
Compare
View Offers
Maruti Suzuki Xl5 (HT Auto photo)
UPCOMING
Engine Icon998 cc FuelType IconPetrol
₹ 5 Lakhs
Alert Me When Launched
Tata Tiago (HT Auto photo)
Engine Icon1199.0 cc FuelType IconMultiple
₹ 5.65 Lakhs
Compare
View Offers
Hyundai Grand I10 Nios (HT Auto photo)
Engine Icon1197 cc FuelType IconMultiple
₹ 5.92 Lakhs
Compare
View Offers

The automaker's Board has also proposed a dividend of 125 per share which is the highest-ever dividend by the company and an increase from the dividend of 90 per share in FY23.

"The Board has recommended a dividend as mentioned in the notes to the financial results enclosed as Annexure- "A". The date of payment of dividend is 3rd September, 2024 subject to the approval of the shareholders in the ensuing annual general meeting. The annual general meeting of the Company is scheduled to be held on 27th August, 2024" said a release by the company.

During the last FY 2023-24, the company also achieved its highest-ever annual sales volume, exports, net sales, and net profit. Throughout the fiscal year, the Company sold a total of 2,135,323 vehicles, representing an 8.6% growth over FY2022-23. Domestic sales volume reached 1,852,256 units, while exports stood at 283,067 units.

The company commenced exports in 1987 and now contributes nearly 40 per cent of the total vehicle exports from India. Recently Maruti Suzuki has also reached the cumulative milestone of producing over 3 crore car units in India.

During the last year the company share has given a return of around 50 per cent on the National Stock Exchange and on Friday's trading session, it closed at 12,760 per share.

Check out Upcoming Cars in India 2024, Best SUVs in India.

First Published Date: 27 Apr 2024, 13:36 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.