Maruti Suzuki sales slip 22% in May, posts sharpest fall in 7 years

Maruti's exports in May were down 2.4% at 9,089 units

India’s largest carmaker Maruti Suzuki reported a 22 per cent decline in sales in May, its sharpest fall since August 2012. This is the third consecutive month that the company’s sales have dropped. 

The top four automakers — Maruti, Mahindra & Mahindra, Tata Motors and Honda Cars India — together sold 229,294 units in the month, a fall of 20 per cent compared to the corresponding period last year when they had sold 286,484 units, confirming a slowdown in the sector.

For Maruti, the sales of new WagonR are reported under compact segment, the company said. As for the old discontinued model,