Maruti Suzuki India Ltd declined in its share price in Wednesday’s trading session after the company reported that its total sales for December is lower than anticipation. On a yearly basis, the total sales at the Company have been up by 4-pc.
On a monthly basis, car sales in the Indian market clocked a rise of 2.4-pc led by a surge in demand for compact cars like new WagonR.
The auto major in its regulatory filing to the exchange said in December month the company sold 1,24,375 units V/s 1,21,479 vehicles sold in the corresponding month a year ago, clocking an increase in sales of 3.5%, year-on-year. Exports also advanced by 10-pc to 7,561 vehicles. In addition, the company’s utility vehicles also advanced to an extent by 18-pc to 23,808 units. Avail daily market updates by visiting the link
At 2.35-pm, the stock of Maruti Suzuki quoted lower by 0.73% or Rs53.90 at Rs7314.70 per unit on the NSE. The stock touched an intraday high and low of 7,409.95 and 7,282.05 respectively. Get best stock tips from the experts
Meantime, the Sensex stood at 41281,25, up by 27 points and the Nifty scaled at 12177, up by 9 points in trade.