For Quick Alerts
For Daily Alerts

Maruti Suzuki March sales fall; stock up

Maruti Suzuki March sales fall; stock up
Sales at Maruti Suzuki dropped by 5 per cent in March to 1.20 lakh units, even as worries over a slow down in auto sales continued to bother the major car players.

The domestic sales were at 1.08 lakh units, down 4 percent from a year ago and it exported 12,047 units, down 9 percent.

Shares in Maruti were trading higher despite the news as the markets more or less discounted the news.

On Monday Tata Motors said that the sale of passenger vehicles for March 2013 were at 12,347 nos. Sales of the Nano/ Indica/ Indigo range in March 2013 were 8,903 nos. The company had sold as many as 37,000 passenger cars in the corresponding period of last year. Hyundai Motor India Ltd (HMIL) reported a decline of 13.46 per cent in domestic sales at 33,858 units, compared to 39,122 units in the year-ago period.

Meanwhile, Tata Motors reported a cumulative sales of commercial vehicles in the domestic market for the fiscal at 537,143 nos. Cumulative LCV sales were 393,762 nos., while M&HCV sales stood at 143,381 nos.

It's unlikely that passenger car sales is set to pick up anytime soon, given the slowdown in the economy. A cut in the interest rates may also not provide any major impetus to sagging sales of passenger car

Read more about: maruti suzuki
Story first published: Tuesday, April 2, 2013, 12:35 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more