Stock Market

Maruti Suzuki sales rise 8% in March to 1.39 lakh units

 

Maruti Suzuki, the country’s largest car maker, today reported a rise of 8.1 percent in total volumes at 139,763 units in March as against 1269,345 units clocked in the same month last year, as per disclosure made by the company.

Domestic sales grew to 127,999 units during the month, posting an increase of 7.7 percent as compared to 118,895 units sold in the corresponding month last year. Growth in exports were a step better increasing by 12.6 percent to 11,764 units during the reporting month.

While the Mini Compact segment where it sells the Alto and Wagon R posted a decline of 15.6 percent the Compact segment comprising Swift, Ignis, Ritz, Celerio, Baleno and Dzire grew by 29.7 percent thanks to the continued robust demand for the new launches Ignis and Baleno.

Utility vehicle segment comprising Vitara Brezza, S-Cross and Ertiga, posted a growth of 31.8 percent during the month whereas the vans like Eeco and Omni posted a decline in sales by 9.8 percent.

With this the Delhi-based company ended the financial year with its highest ever total sales of 1,568,603 units, a growth of 9.8 percent as compared to 1,429,248 units.