Industry/Official

Maruti Ciaz sales down by 35% due to GST

Maruti-Ciaz-Nexa-Blue

Maruti Suzuki India Limited (MSIL) sold a total of 146,446 units in October 2017, growing 9.5% over the same period of last fiscal. This includes 136,000 units in the domestic market and 10,446 units of exports. The Company had sold a total of 133,793 units in October 2016.

Maruti-Suzuki-sales-October-2017

The table above shows that the Utility segment which includes Vitara Brezza is still contributing a major percentage of MSIL sales. We can also see that the Mini segment which has Alto and Wagon R is down by 4.2% compared to the previous year, which means a large number of first time car buyers are opting for a bigger car.

The big news is of course with the Ciaz, which is down by 35.4% compared to the previous year, most likely due to the steep GST. Although the Ciaz is a mild hybrid, the Government has classified it under the hybrids which attract a 43% tax under GST.

Since the Ertiga too offers SHVS mild hybrid, its sales are reported to be down as well.

Also read: Steep GST: Toyota Camry Hybrid production stopped in India

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