Maruti Suzuki Shares Rally On Improved Sales In September

In contrast to the record low sales recorded for the auto giant Maruti, September has provided a sigh of relief with the sales improving by a margin. On Tuesday, the company said it sold as many as 1,10,454 passenger cars in the domestic market for the September month in contrast to 93,173 units in the August month.

However, as against the previous year's same month, the sales have dropped by a huge 27.1%, when the company recorded sales of 1,51,512 cars.

Also, after the corporate tax cut move, the auto maker announced a reduction in its car prices by as much as 1 lakh rupees on select models.

Shares of the auto company were last trading with gains of 1.77% at Rs. 6802.85 per share on the BSE.

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