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"The SUV segment's contribution has gone up to 53.6 per cent of total (passenger vehicle) industry as a result of which the contribution of the small (car) segment has gone down a little bit further," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said in a virtual interaction.
Cut to the small car segment. Sales of Maruti Suzuki Alto, which once dominated sales charts across segments, halved year on year in the quarter ended September at about 24,000 units. Overall, sales of small cars (vehicles with length less than 3.6 metres) — already on the decline – crashed by 55% last quarter whereas sales of BMW X1 (which also comes in diesel and petrol options) grew 56% on year.
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Maruti Suzuki India on Friday reported 334 per cent year-on-year (YoY) growth in its standalone net profit for the quarter that ended September FY23 (Q2FY23). Its standalone profit increased to Rs 2,061.5 crore for the quarter, up from Rs 475.3 crore logged in the same period last year.