 "Maruti Suzuki hits record high post July sales")
Maruti Suzuki India has hit its record high of Rs 4,888, up 2.8% on the BSE, after the company reported 12.7% year-on-year (YoY) growth in total sales at 137,116 units in July 2016. The passenger vehicles manufacturer had sold a total of 121,712 units in July 2015.
The company sold a total of 125,778 vehicles in domestic market during the month as compared with 110,405 units in July 2015.
This is the company’s highest ever sales in a month in the domestic market, Maruti Suzuki India said in a release.
The utility vehicles segment reported 152% YoY growth in sales with models such as Gypsy, Ertiga, Grand Vitara, S-Cross and Vitara Brezza at 17,382 units last month as compared with 6,916 units in July last year. The sales of its sedan Ciaz grew 146% YoY at 5,162 units during the month against 2,099 units in July 2015, it added.
At 12:03 pm, the stock was up 2.4% at Rs 4,871 on the BSE, compared to 0.2% rise in the S&P BSE Sensex. A combined 766,395 shares changed hands on the counter on the BSE and NSE so far.
The company sold a total of 125,778 vehicles in domestic market during the month as compared with 110,405 units in July 2015.
This is the company’s highest ever sales in a month in the domestic market, Maruti Suzuki India said in a release.
The utility vehicles segment reported 152% YoY growth in sales with models such as Gypsy, Ertiga, Grand Vitara, S-Cross and Vitara Brezza at 17,382 units last month as compared with 6,916 units in July last year. The sales of its sedan Ciaz grew 146% YoY at 5,162 units during the month against 2,099 units in July 2015, it added.
At 12:03 pm, the stock was up 2.4% at Rs 4,871 on the BSE, compared to 0.2% rise in the S&P BSE Sensex. A combined 766,395 shares changed hands on the counter on the BSE and NSE so far.