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Maruti Suzuki shares fall 4% as August sales decline 10% MoM; automaker remains top Nifty 50 loser

Maruti Suzuki shares fell 4% on September 1 after reporting a 9.2% month-on-month decline in August sales, totaling 219,220 units. Despite a 21.3% year-on-year increase, the automaker emerged as the top loser in the Nifty 50 index, with shares trading at Rs.12,915.

TradingView TradingView+2 sources1 September 2026 · 15:15 UTC
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Maruti Suzuki's shares fell 4% on September 1, making it the top loser in the Nifty 50 index, after the company reported a 9.2% month-on-month decline in August sales, totaling 219,220 units. This decline follows a record sales figure of 241,421 units in July 2026.1235

Despite a 21.3% year-on-year increase in sales, the automaker's performance was impacted by a 10% sequential decline. The company sold 85,965 passenger cars in August, compared to 103,456 in July and 66,450 in August 2025. The domestic passenger vehicle market saw a 36% year-on-year growth, reaching approximately 450,000 units in August 2026, aided by a low base from the previous year.

Maruti Suzuki's Senior Executive Officer, Marketing & Sales, Partho Banerjee, noted that the favorable environment is expected to continue into the festive season, although growth rates may moderate in the second half of FY27 due to a high base effect. The company anticipates a 10% growth in the domestic passenger vehicle industry for FY27, up from an earlier forecast of 4%-6%.

In contrast, competitors like Tata Motors and Hyundai reported significant sales increases, with Tata Motors achieving a 56% year-on-year growth and Hyundai's domestic sales rising 23.6% year-on-year.

Key Insight
“The decline follows a record July, with total sales dropping to 2,19,220 units from 2,41,421 units. Despite the MoM fall, sales rose 21.3% YoY, aided by a low base from last year's GST cut impact.”
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CuriousCats studied:
1
TradingViewTradingView
“Maruti Suzuki's share price dropped more than 5% in intraday deals on the NSE on Tuesday, 1 September, after the company announced a 9.2% month-on-month (MoM) decline in August sales numbers.”
TradingView →
2
Moneycontrol.com
“Shares of Maruti Suzuki were trading over 4% lower on September 1 to emerge among top Nifty losers after the automaker reported 10% sequential decline in August sales at 219,220 units.”
Moneycontrol.com →
3
The New Indian ExpressThe New Indian Express
“Aided by a low base and sustained momentum in demand, domestic passenger vehicle (PV) volume is estimated to have grown by around 36% year-on-year in August 2026, reaching about 450,000 units.”
The New Indian Express →
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