JAKARTA - Japan's Suzuki Motor Corporation (SMC) published a report on the achievement of total production, sales, and exports during March 2024 and also during the 2023 budget period.
From the data shared, global production in March 2024 reached 282,242 units, an increase of 101.9 percent year on year (YoY). Meanwhile, production in Japan in the same month reached 96,337 units, or an increase of 102.5 percent (YoY), and foreign production reached 185,905 units, an increase of 101.6 percent and India experienced an increase of 166,518 units in India, an increase of 108 percent (YoY), with a Japanese production statement consisting of a fully built-up (CBU) car unit that encapsulated OEM plus CKD from Japan.
In addition, in terms of global sales, Suzuki reached 310,752 units, an increase of 114.2 percent (YoY). For Japan, the increase in March 2024 reached 82,972 units (YoY) or 122.1 percent. If detailed in more detail, sales of mini vehicles reached 66,422 units and standard and small vehicles reached 16,550 units.
Meanwhile, in the Indian market sales also increased by 114.3 percent until March 2024 (YoY) with a total of 156,330 units, and beyond that there were sales of 71,450 units. Increased overseas sales thanks to the Indian, European, Middle East and Indian markets recorded the highest sales record in March.
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However, there was a decline in Suzuki's exports in March 2024 with a total of 17,753 units decreasing by 65 percent (YoY). The decline was due to a decrease in exports to Europe and other countries.
Based on existing reports, during the 2023 budget period (April 2023 March 2024), global production of Suzuki reached 3,265,203 units, with an increase of 101.7 percent (YoY).
Production in Japan increased 106.0 percent, while foreign production experienced a decline for the first time in three years. Global sales reached 3,167,908 units, an increase of 105.6 percent year-on-year, with sales in Japan rising 107.5 percent.
Overseas sales have also increased, especially in India and the Middle East. However, there has been a decline in Suzuki's exports during this period, declining for the first time in two years.
Based on these data, Suzuki recorded a significant increase in terms of production and sales, despite a decline in exports but maintaining a strong performance in the market, both local and international.
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