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Maruti sales up 14% in spite of demonetisation, Alto and WagonR lead growth

However, the company's exports declined by 9.8%

BS Reporter  |  New Delhi 

The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi
The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi

Country's largest car maker on Thursday reported an impressive growth of 14.1% in domestic sales for November in spite of demonetisation. While retail sales at dealerships have been impacted, wholesale volumes have risen as dealers had relatively lower inventory post Diwali. Also, models like and Baleno have had a waiting period for a couple of months. 
 
The company sold 126,220 passenger vehicles in November in the domestic market, up 14.1%. Growth has been led by the mini (Alto and WagonR) and compact (Swift, Baleno and Dzire) segment. Exports, however, declined 9.8% to 9,225 units.
 
The surge in  auto sales from Maruti Suzuki, which commands about 47% domestic market share, will help the industry report overall growth in November. In order to help retail sales post demonetisation, Maruti and other players are offering a 100% finance on cars through tie-ups with banks.

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Maruti sales up 14% in spite of demonetisation, Alto and WagonR lead growth

However, the company's exports declined by 9.8%

However, the company's exports declined by 9.8%
Country's largest car maker on Thursday reported an impressive growth of 14.1% in domestic sales for November in spite of demonetisation. While retail sales at dealerships have been impacted, wholesale volumes have risen as dealers had relatively lower inventory post Diwali. Also, models like and Baleno have had a waiting period for a couple of months. 
 
The company sold 126,220 passenger vehicles in November in the domestic market, up 14.1%. Growth has been led by the mini (Alto and WagonR) and compact (Swift, Baleno and Dzire) segment. Exports, however, declined 9.8% to 9,225 units.
 
The surge in  auto sales from Maruti Suzuki, which commands about 47% domestic market share, will help the industry report overall growth in November. In order to help retail sales post demonetisation, Maruti and other players are offering a 100% finance on cars through tie-ups with banks.
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Business Standard
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Maruti sales up 14% in spite of demonetisation, Alto and WagonR lead growth

However, the company's exports declined by 9.8%

Country's largest car maker on Thursday reported an impressive growth of 14.1% in domestic sales for November in spite of demonetisation. While retail sales at dealerships have been impacted, wholesale volumes have risen as dealers had relatively lower inventory post Diwali. Also, models like and Baleno have had a waiting period for a couple of months. 
 
The company sold 126,220 passenger vehicles in November in the domestic market, up 14.1%. Growth has been led by the mini (Alto and WagonR) and compact (Swift, Baleno and Dzire) segment. Exports, however, declined 9.8% to 9,225 units.
 
The surge in  auto sales from Maruti Suzuki, which commands about 47% domestic market share, will help the industry report overall growth in November. In order to help retail sales post demonetisation, Maruti and other players are offering a 100% finance on cars through tie-ups with banks.

image
Business Standard
177 22

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