Maruti Suzuki's domestic sales grow 16% in April

The company sold 117,045 units in the domestic market last month against 100,709 units in April 2015

Maruti Suzuki, the country’s largest car maker, reported a 16% jump in its domestic sales for April, the first month of financial year 2017. 

The company, which enjoys a 47% share in domestic passenger vehicle market, sold 117,045 units in domestic market last month against 100,709 units in April 2015.

The increase is helped by sales of Brezza, S Cross and Baleno, all of which are new products. 

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Exports, however, declined 13.7% to 9,524 units. Total sales (domestic and exports) grew 13.3% to 126,569 units in April. 

At 11.10am, the company’s stock price stood at Rs 3,802 at the BSE, marginally up from the previous close. The BSE Sensex was down 0.75%. Maruti’s high double digit growth will help the industry post a high single or double digit growth in April.