Suzuki Motor Corporation reported significant growth in its production, sales, and exports for June and the first half of 2024. In June, production in Japan saw a substantial year-on-year increase, driven by a boost in production for both domestic and overseas markets. This growth reflects Suzuki’s strong performance and strategic planning. However, overseas production experienced a decline, with key markets such as India and Hungary reporting decreased output, which impacted the overall numbers.
Sales in Japan for June marked a notable year-on-year rise, driven by higher sales in both mini vehicles and standard and small vehicles categories. This growth in the domestic market indicates strong consumer confidence and the appeal of Suzuki’s vehicle lineup. Overseas markets also witnessed an upsurge in sales, with notable contributions from India, Europe, Pakistan, and the Middle East. India, in particular, achieved record-high sales for June, underscoring the brand’s strong presence and popularity in the region. Exports also grew year-on-year, with a significant rise in Completely Knocked Down (CKD) exports, indicating the brand’s expanding global footprint and the rising demand for Suzuki vehicles worldwide.
For the first half of 2024, production in Japan continued its upward trajectory with a year-on-year increase. The sustained growth in production for both domestic and overseas markets highlights Suzuki’s operational efficiency and strategic market expansion. Overseas production also showed a year-on-year rise, driven by record-high production levels in India for the January to June period. This milestone reflects India’s critical role in Suzuki’s global production strategy.
The Japanese market saw a year-on-year increase in sales during the first half of 2024. Both mini vehicles and standard and small vehicles categories experienced growth, with the latter marking record-high sales for the period. This success illustrates Suzuki’s strong market positioning and consumer loyalty in Japan. Overseas sales continued their upward trend, bolstered by increased production in key markets such as India, Europe, and the Middle East. India and the Middle East, in particular, recorded their highest-ever sales for the January to June period, highlighting Suzuki’s growing influence and market penetration in these regions. Exports for the first half of 2024 showed a year-on-year increase, driven by growth in both Completely Built Units (CBU) and CKD exports. This rise demonstrates the company’s expanding export capabilities and the global demand for its vehicles.
Suzuki’s performance in June and the first half of 2024 underscores the company’s resilience and strategic growth across production, sales, and exports. The significant achievements in key markets like Japan and India highlight the brand’s strong market presence and its ability to meet global demand. As Suzuki continues to innovate and expand, the automotive giant is well-positioned for sustained growth and success in the global market.
June
Production
| June 2024 (units) | Year-on-Year | Year-on-Year Trends | ||
|---|---|---|---|---|
| Global production | 234,830 | 96.1% | Down for the first time in six months | |
| Japan production | 85,324 | 106.1% | Up for the fifth consecutive month | |
| Overseas production | 149,506 | 91.2% | Down for the first time in six months | |
| India | 133,007 | 97.1% | Down for the first time in six months | |
| Others | 16,499 | 61.2% | Down for the 16th consecutive month | |
*Overseas production: Units completed at overseas plants that exclude CKD units from Japan
*Japan production: Complete built-up (CBU) units that include OEM units + complete knocked-down (CKD) units
Sales
| June 2024 (units) | Year-on-Year | Year-on-Year Trends | ||
|---|---|---|---|---|
| Global sales | 260,577 | 105.4% | Up for the sixth consecutive month | |
| Japan sales | 58,784 | 109.4% | Up for the sixth consecutive month | |
| Mini vehicles | 48,580 | 109.6% | Up for the sixth consecutive month | |
| Standard and small vehicles | 10,204 | 108.5% | Up for the sixth consecutive month | |
| Overseas sales | 201,793 | 104.3% | Up for the sixth consecutive month | |
| India | 139,918 | 102.9% | Up for the sixth consecutive month | |
| Others | 61,875 | 107.8% | Up for the sixth consecutive month | |
*India: Indian domestic wholesales figures.
*Minivehicle: Small-sized car unique to Japan with an overall length of 3.4m or less, an overall width of 1.48m or less, an overall height of 2m or less, and an engine displacement of 660cc or less.
*Standard and small vehicle: Car that exceeds the above minivehicle specification.
<January to June 2024>
Production
| Jan. – June 2024 (units) | Year-on-Year | Year-on-Year Trends | Apr. – June 2024 (units) | Year-on-Year | ||
|---|---|---|---|---|---|---|
| Global production | 1,676,182 | 105.7% | Up for the fourth consecutive period | 803,357 | 106.6% | |
| Japan production | 519,132 | 111.0% | Up for the second consecutive period | 255,149 | 116.6% | |
| Overseas production | 1,157,050 | 103.4% | Up for the first time in two periods | 548,208 | 102.5% | |
| India | 1,045,279 | 108.6% | Up for the fourth consecutive period | 495,749 | 107.2% | |
| Others | 111,771 | 71.3% | Down for the second consecutive period | 52,459 | 72.3% | |
*Overseas production: Units completed at overseas plants that exclude CKD units from Japan
*Japan production: Complete built-up (CBU) units that include OEM units + complete knocked-down (CKD) units
Sales
| Jan. – June 2024 (units) | Year-on-Year | Year-on-Year Trends | Apr. – June 2024 (units) | Year-on-Year | ||
|---|---|---|---|---|---|---|
| Global sales | 1,669,606 | 109.7% | Up for the fourth consecutive period | 784,420 | 107.1% | |
| Japan sales | 375,292 | 113.9% | Up for the second consecutive period | 170,185 | 114.8% | |
| Mini vehicles | 305,600 | 114.9% | Up for the second consecutive period | 140,411 | 115.7% | |
| Standard and small vehicles | 69,692 | 109.7% | Up for the second consecutive period | 29,774 | 110.7% | |
| Overseas sales | 1,294,314 | 108.5% | Up for the fourth consecutive period | 614,235 | 105.2% | |
| India | 917,001 | 106.5% | Up for the fourth consecutive period | 427,060 | 101.2% | |
| Others | 377,313 | 113.8% | Up for the first time in two periods | 187,175 | 115.7% | |
*India: Indian domestic wholesales figures.
*Minivehicle: Small-sized car unique to Japan with an overall length of 3.4m or less, an overall width of 1.48m or less, an overall height of 2m or less, and an engine displacement of 660cc or less.
*Standard and small vehicle: Car that exceeds the above minivehicle specification.
