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  1. Maruti Suzuki shares jump, add over Rs 100 as August sales cheer

Maruti Suzuki shares jump, add over Rs 100 as August sales cheer

Shares of the Maruti Suzuki advanced over 1.5% on Friday after the automaker reported a rise of 23.8% in the August sales figures.

By: | Published: September 1, 2017 11:38 AM
Shares of Maruti Suzuki rose as much as 1.52% to the day’s high of Rs 7,820 today. (Image: Reuters)

Shares of the Maruti Suzuki advanced over 1.5% on Friday after the automaker reported a rise of 23.8% in the August sales figures. India’s largest car maker Maruti Suzuki India today reported a 23.8% increase in the total sales at 1,63,701 units in August 2017 versus 1,32,211 units in the same month a year-ago. The heavyweight stock of automaker was among the top five contributors to the gains in the benchmark Sensex.

Shares of Maruti Suzuki rose as much as 1.52% to the day’s high of Rs 7,820 today. The company’s domestic sales stood at 1,52,000 units, up 26.7% from 1,19,931 units in August last year, Maruti Suzuki said in a statement. At the same time the 30-share barometer Sensex added 119 points or 0.38% at 31849.96 points.

Segment-wise sales break-up

  • Sales of mini segment cars, including Alto and WagonR, witnessed a marginal decline to 35,428 units during the month under review from 35,490 units in August 2016. Sales of vans — Omni and Eeco —  increased by 8.6 per cent to 13,931 units last month as against 12,831 units in the year-ago period.
  • The auto major further said sales of the compact segment comprising Swift, Estilo, Dzire and Baleno jumped by 62.4% to 74,012 units last month as against 45,579 units in the year-ago month. Maruti Suzuki India said sales of mid-sized sedan Ciaz grew by 3.9% to 6,457 units during the month.
  • Sales of utility vehicles, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza increased by 27.6 % to 21,442 units in August, from 16,806 units in the same month of 2016.
  • Exports in August this year were down 4.7 % to 11,701 units as compared with 12,280 units in the same month last year, Maruti Suzuki India said.

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