Maruti a favourite as June sales rise 20% on utility vehicles

Shares of India’s largest carmaker are on a winning streak today after Maruti Suzuki reported 20.30 percent jump in total sales at 96,597 units in June against 80,290 units in the year-ago period.

The stock is currently trading 2 percent higher at Rs 1195.45 while the BSE Sensex is down 0.11 percent in trade today. The stock has gained around 8.54 percent in the last one week.

In June, MSI recorded domestic sales at 83,531 units, compared to 70,020 units in the year-ago period, registering a rise of 19.30 percent. Similarly, MSI’s exports went up 27.13 percent to 13,066 units last month from 10,278 units in the year-ago period, the company said.

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Total passenger car sales in the domestic market increased by 23.11 percent to 70,977 units from 57,653 units in the same month of 2011, it added.

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Sales of the company’s mini-segment cars, including the M800, A-Star, Alto and WagonR, fell by 10.44 percent to 34,198 units during the month from 38,183 units in June, 2011. However, in the compact segment (comprising the Estilo, Swift and Ritz models), MSI witnessed a 39.32 percent jump in sales to 22,624 units from 16,239 units in the same month a year ago.

Sales of MSI’s DZiRE model increased by over five-fold to 13,741 units in June from 2,486 units in the same month last year, it added. MSI’s mid-sized sedan SX4 sales slipped 42.78 percent to 408 units last month from 713 units in June 2011.

Luxury sedan Kizashi witnessed 81.25 percent fall in sales at 6 units as against 32 units in the year-ago month.

Utility Vehicle (UV) sales (Gypsy, Grand Vitara & Ertiga) skyrocketed to 5,638 units from just 185 units in June last year. The Ertiga was launched in April 2012.

With inputs from PTI