Maruti Suzuki's January sales down 2.6%

Leading passenger automobile manufacturer Maruti Suzuki on Monday reported a decline of 2.6% in its total sales for last month.

The company sold 113,606 units during the month under review -- down from an off-take of 116,606 units in the corresponding month of 2015.

In contrast, domestic sales during the month under review marginally rose by 0.8% to 106,383 units from 105,559 units sold during January, 2015.

Exports plunged by 34.6% during the month under review with 7,223 units being shipped out -- down from 11,047 units sold abroad in the corresponding month of last year.

The sales of passenger car segment fell 1.4% to 87,757 units sold during last month - from an off-take of 89,014 units in the like period of 2015.

The company's passenger car segment comprises of brands like Alto, WagonR, Swift, Ritz, Celerio, Baleno, Dzire, Dzire Tour, and Ciaz.

On the other hand, sales of utility vehicles which comprises of brands like Gypsy, Ertiga, Grand Vitara and S-Cross augmented by 26.2% at 8,114 units from sales of 6,432 units during January of last year.

Off-take of the van segment, which includes Omni and Eeco, inched-up by 3.9% at 10,512 units from 10,113 units in the corresponding month of 2015.

The company's scrip at the Bombay Stock Exchange (BSE) receded by 3.68% during the day's trade at Rs.3,946.80 from its previous close of Rs.4,097.45.