Maruti Suzuki shares rise 2% on 17% YoY jump in August sales

The company domestic sales of 115,325 units

Shares of Maruti Suzuki rose as much as 2.63 per cent to Rs 7,018 on the BSE on Tuesday after the carmaker's sales in August grew 17 per cent on a year-on-year (YoY) basis to 1.24 lakh units. Sequentially, sales grew 15.3 per cent.

Total sales include domestic sales of 115,325 units and 1,379 units for other original equipment manufacturer (OEMs). In addition, the Company exported 7,920 units in August 2020, a drop of 15.3 per cent over August 2019, the company said in an exchange filing.

In the mini segment, Maruti Suzuki sold 19,709 vehicles in August 2020, up 94.7 per