Maruti Suzuki gains after Celerio car model crosses 1 lakh sales mark

Maruti Suzuki India rose 0.29% to Rs 3,948 at 11:00 IST on BSE after the company said its bestseller Celerio clocked sale of over 1 lakh units.

The company made announcement after trading hours yesterday, 9 July 2015.

Meanwhile, the S&P BSE Sensex was down 7.31 points or 0.03% at 27,566.35.

On BSE, so far 3,962 shares were traded in the counter as against average daily volume of 37,536 shares in the past one quarter.

The large-cap car manufacturer hit high of Rs 3,960 and a low of Rs 3,943.45 so far during the day. The stock hit a record high of Rs 4,087 on 1 July 2015. The stock hit a 52-week low of Rs 2,475 on 11 July 2014.

Maruti Suzuki India said launched at Delhi Auto Expo 2014, Celerio is credited with introducing Auto Gear Shift Technology in the Indian automobile industry. By offering the convenience of automatic transmission at an affordable cost and with fuel efficiency at par with manual transmission, Celerio has delighted customers by fulfilling a latent need. Sensing the customer need, Maruti Suzuki introduced the Celerio Diesel in June 2015, the company said in a statement.

Celebrating the landmark, RS Kalsi, Executive Director, Marketing and Sales, Maruti Suzuki India said, the company thank customers for their support to brand Celerio. Celerio is the first car in India to introduce the acclaimed Auto Gear Shift technology and almost one third of the sales are of the Auto Gear Shift variants. Customers appreciated the convenience of automatic gear shifting with no loss in fuel efficiency on Celerio and within a year of its launch the company's share in the lower hatchback has shot up to 71% from 61%.

Celerio is the only car to be available in petrol, CNG and diesel fuel options and offer two transmission options (Manual and Auto Gear Shift). Celerio is one of Maruti Suzuki's top selling models and among the top 10 selling cars in India.

Maruti Suzuki India's net profit rose 60.5% to Rs 1284.24 crore on 11.5% rise in total income to Rs 13944.74 crore in Q4 March 2015 over Q4 March 2014.

Powered by Capital Market - Live News