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.
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.