Maruti Suzuki Shares Drop 4% After Sequential Sales Decline

Shares of Maruti Suzuki India fell over 4% on September 1, making it one of the top losers on the Nifty, after the country’s largest carmaker reported a 10% month-on-month drop in total sales for August. The company sold 2,19,220 units in August 2026, down from a record 2,41,421 units in July. Despite the sequential decline, sales rose a solid 21.3% year-on-year from 1,80,683 units in August 2025. Domestic passenger vehicle sales (excluding LCVs and OEM supplies) stood at 1,76,971 units, up 34.8% from a year earlier. Utility vehicles led the charge with 79,045 units, a sharp 46.3% jump, while passenger cars rose 29.4% to 85,965 units. Exports, however, slipped 7.4% to 33,844 units. Maruti also crossed the one-million-unit sales milestone in the first five months of FY27, with cumulative volumes at 11,43,365 units. The stock was trading around ₹13,010 in afternoon trade, dragging the Nifty Auto index lower. Analysts noted that while the sequential dip after a strong July disappointed some investors, the robust year-on-year growth and strength in the domestic utility vehicle segment signal healthy demand ahead of the festive season.