Maruti sales decline 9.19% in August; stock slips 5%
India’s largest car maker Maruti Suzuki has reported 9.19% decline in sales during August, this year at 59,908 units as against 65,968 units in the same month last year.
In a statement released today, the company said that its domestic sales stood at 54,113 units compared to 60,229 units in the same month a year-ago, which indicates a fall of 10.15%.
However, company’s exports grew marginally at 5,795 units as against 5,739 units in the same period, last fiscal.
The A2 segment comprising Alto, Zen Estilo, Swift and WagonR registered a decline of 9.75%. The sales stood at 37,667 units as against 41,736 units for the corresponding period of last year.
However, sales in the A3 segment (A3) comprising SX4, Esteem and Swift Dzire witnessed a growth of 12.15% as against 4,839 units last year.
The company's total passenger car sales also dipped by 11 per cent to 53,351 units from the previous year 59,944 units, in the wake of rising inflation.
At 12.05 pm, Maruti Suzuki was trading 5 percent down at Rs 619 on the Bombay Stock Exchange while the benchmark index was down 1.62 percent at 14,329.16 points.