Maruti Suzuki hits new high on strong July sales data

The stock hit new high of Rs 7,920, up 3% on BSE in intra-day trade

Maruti Suzuki India hit a new high of Rs 7,920, up 3% on BSE in intra-day trade, after the company reported a healthy growth of 20.6% in total sales to 165,346 units in July, on back of strong domestic sales. The company, leader in passenger vehicles, had sold total 137,116 units in July 2016.

The sales growth in July month was highest in past six months. Domestic sales grew by 22.4% year-on-year (YoY) to 154,001 units against 125,778 units in year ago month. Export sales however, grew 0.1% to 11,345 units in July, the company said in the monthly sales