Maruti shares down over 2% on weak sales

Shares of Maruti Suzuki India today fell by over 2 per cent after its September sales data disappointed investors.
The stock slipped 2.33 per cent to settle at Rs 4,579.85 on the BSE. Intra-day, it fell by 2.6 per cent to Rs 4,567.
On the NSE, shares of the company lost 2.24 per cent to Rs 4,580.35.
Maruti Suzuki India today reported a 3.7 per cent rise in total sales in September at 1,13,759 units as against 1,09,742 units sold in the same month last year.
Domestic sales increased by 6.8 per cent during the month to 1,06,083 units as against 99,290 units in September, 2014, Maruti Suzuki India (MSI) said in a statement.

Sales of mini segment cars, including, Alto and WagonR, increased marginally to 35,570 units as compared to 35,547 units in the year-ago month.
Exports during the month declined by 26.6 per cent to 7,676 units as compared to 10,452 units in September last year, MSI said, adding that overseas shipment of around 3,500 units was delayed last month.