Maruti Suzuki releases May 2020 sales data

The sales data for the month of May 2020 has been reported by automobile manufacturer, Maruti Suzuki. The company disclosed total sales of 18,539 units including domestic sales of 13,865 units whereas 23 units were sold in other OEM.

As a consequence of COVID-19 induced lockdown situation in India, the company had to suspend operations at its manufacturing and production facilities. Moreover, it suffered the impact of supply chain disruptions.

Maruti Suzuki exported 4,651 units, as the port operations at Mundra and Mumbai ports resumed. It has also resumed manufacturing operations at its Manesar facility from May 12 and from May 18 at its Gurugram facility. The company also informed that it has resumed production at Suzuki Motor Gujarat Private Limited (SMG) from May 25 since SMG is liable for manufacturing of cars for Maruti Suzuki on a contract basis.

The company is now considering opening all of its showrooms located in the non-containment areas soon, in line with the guidelines of Lockdown 5.0 issued by Government of India.

To provide assistance and support to its customers, Maruti Suzuki had recently announced the extension of free service, warranty and extended warranty to customers whose warranty period was scheduled to expire between March 15 and May 31, 2020 to the new expiry date of June 30, 2020. Moreover, the company has tied up with several top-notch financiers offering vehicle financing to new car buyers to aid them in the current economic and financial situation where liquidity is an issue.

The company's stock closed at Rs 5,788.80 on Monday, up by 3.15 per cent or Rs 176.80 per share. The 52-week high is Rs 7,755 and the 52-week low is Rs 4,002 on BSE.