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Maruti shares fall 1 pc after co reports decline in sales

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Press Trust of India New Delhi

Shares of Maruti Suzuki India (MSI) on Wednesday fell 1 per cent after the company reported a 16.1 per cent dip in total sales in 2019-20.

The scrip declined 1.03 per cent to close at Rs 4,243.60 on the BSE. During the day, it dropped 2.15 per cent to Rs 4,195.30.

On the NSE, it fell 0.97 per cent to close at Rs 4,246.35.

The country's largest carmaker Maruti Suzuki India on Wednesday reported a 16.1 per cent dip in total sales in 2019-20 at 15,63,297 units as slowdown and coronavirus pandemic took its toll on the auto sector.

The auto major had sold 18,62,449 units in 2018-19 financial year.

 

Domestic sales during 2019-20 declined 16.7 per cent to 14,61,126 units as compared with 17,53,700 units in 2018-19, MSI said in a statement.

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First Published: Apr 01 2020 | 6:26 PM IST

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