Maruti's 2014-15 sales up 11.9 percent

Automobile manufacturer Maruti Suzuki Wednesday reported an increase of 11.9 percent in its total sales for 2014-15, which stood at 1,292,415 units from 1,155,041 units sold in the previous fiscal.

According to the company, domestic sales during the year ended March 31, 2015, grew at 11.1 percent at 1,170,702 units from 1,053,689 units in 2013-14.

Exports during the period under review zoomed by 20.1 percent at 121,713 units from 101,352 units shipped out in 2013-14.

However, for the month of March, the company's total sales decreased by 1.6 percent at 111,555 units from 113,350 units sold in the corresponding month of 2014.

Domestic sales in the month under review marginally increased by 1.4 percent at 103,719 units from an off-take of 102,269 units reported in March 2014.

Exports during last month plunged by 29.3 percent at 7,836 units from 11,081 units shipped out during corresponding month of last year.

Sales in passenger cars segment, which comprises of brands like Alto, WagonR, Swift, Ritz, Dzire, Celerio, Dzire Tour and Ciaz, were lower by 0.3 percent at 85,733 units from an off-take of 86,018 in the corresponding month of 2014.

The off-take of utility vehicles like Gypsy, Grand Vitara and Ertiga lower by 4.3 percent at 6,218 units from sales of 6,499 units in March 2014.

However, sales in van segment that includes brands like Omni and Eeco, gained 20.7 percent at 11,768 units from an off-take of 9,752 units in the corresponding month of 2014.

The company's scrip at the Bombay Stock Exchange (BSE) was down 1.39 percent around 1.30 p.m. at Rs.3,648 per equity share from Rs.3,699.25 per equity share.