Maruti Suzuki, India’s largest passenger vehicles manufacturer, has registered a 12.2 per cent growth in August sales. This was driven largely by Vitara Brezza, Ciaz and some other compact cars. It sold 1.32 lac units during the month as compared to 1.17 lac units sold in same period last year. Domestic sales increased by 12.3 per cent to 1.19 lac vehicles and exports grew by 10.8 per cent to 12,280 units compared with year-ago period.
In a filing on Thursday Maruti announced it sold 16,806 utility vehicles in the month gone by, which is up by 114.5 per cent over a year-ago period. The growth was largely supported by Vitara Brezza launched in March and partly by S-Cross & Ertiga. Passenger cars sales, which contributed 68 percent to total sales, grew by 4.4 per cent due to growth in compact segment that showed 9.9 per cent growth and partly by Ciaz that comes under the mid size category.
The mini cars segment (Alto & WagonR) and super compact (Dzire Tour) registered 6 per cent degrowth. Compact segment contributed half of passenger cars sales. Maruti said it sold 25 light commercial vehicles in August, taking total to 39 units that sold so far after since its launch in July.
Currently Maruti share price is trading at Rs 5,073.00, up by 0.38 per cent. The intraday high and the intraday low are Rs 5,100.00 and Rs 5,019.30 respectively. A total of 4,30,555 shares of the company have been traded on NSE today. Maruti is a Top 500 share identified by Dynamic Levels.
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