India, April 11 -- Maruti Suzuki has maintained its dominance in the Indian passenger vehicle market since its inception. In the last financial year (FY 2023-24), the company sold 17,59,881 units with a growth rate of 21 per cent year-on-year, surpassing its previous best of FY 2018-19 with sales of 17,53,000 units. For comparison, the second best-selling PV brand, Hyundai Motor India, sold 7.77 lakh units during the same period.

Interestingly, Maruti Suzuki's total retail figures are significantly higher than its competitors, even when excluding sales from its premium retail channel, NEXA. The company reported retail sales of 5,61,000 units under the NEXA brand in FY24, marking a 52 per cent year-on-year growth compared to FY23's sales ...