Maruti Suzuki rises post September sales figures

The company reported 9.8% year-on-year rise in total sales at 93,988 units for the month of September 2012

Maruti Suzuki India is trading higher by 2% at Rs 1,373 after reporting 9.8% year-on-year (y-o-y) rise in total sales at 93,988 units for the month of September 2012. The country’s largest car maker had sold 85,565 vehicles during the same month of previous year.

Domestic sales during the month stood at 88,801 units, compared to 78,816 units in September last year, up 12.7%, while exports during the month stood at 5,187 units as compared to 6,749 in last year, down 23%, Maruti Suzuki India said in a statement.

The company had reported 41% decline in total sales for August at 54,154 units on y-o-y basis due to a month-long lockout at its Manesar plant.

The stock opened at Rs 1,356 and hit a high of Rs 1,382 on the BSE. A combined around 80,000 shares have changed hands on the counter in early noon deals on both the exchanges.