Maruti Suzuki jumps after good auto sales

Maruti Suzuki India rose 1.03% to Rs 7,635.10 after the car major reported 25.11% increase in total sales in October 2019 compared with 1.22 lakh units in September 2019.

The company's total auto sales rose 4.5% to 1.53 lakh units in October 2019 over October 2019.

Total domestic sales (domestic+OEM) advanced 4.5% to 1.44 lakh units while total export sales jumped 5.7% to 9,158 units in October 2019 over October 2018. The announcement was made during market hours today, 1 November 2019.

Maruti Suzuki India's consolidated net profit fell 39% to Rs 1,390.60 crore on 25.2% decline in net sales to Rs 16,123.20 crore in Q2 September 2019 over Q2 September 2018.

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the automobile giant comprise the facilitation of pre-owned car sales, fleet management and car financing.

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