Maruti clocks 22% growth in July sales, stock hits new high

Company has seen strong double-digit growth in all segments of vehicles, except vans

Maruti Suzuki, the country’s largest car maker, has set the tone for a strong growth in July passenger vehicle sales. The company, with a 50 per cent share in the domestic market, clocked a growth of 22 per cent in sales to dealers last month.

Maruti sold 153,298 passenger vehicles in the domestic market last month against 125,764 units in July 2016. All segments of vehicles, except vans, have seen strong double-digit growth for the company. The April-July domestic volume has grown 16.2 per cent to 520,684 units. Reacting to the sales announcement, Maruti’s stock hit a new high of