Maruti Suzuki falls after weak sales in April

The company reported 11.4% decline in total sales in April to 86,196 units, against 97,302 units in the same month last year.

Maruti Suzuki India has dipped nearly 2% to Rs 1,893 on the NSE after reporting 11.4% year-on-year (yoy) decline in volumes at 86,196 units during the month of April, against 97,302 units, led by weakness in domestic sales.

The domestic sales declined 12.6% yoy as the company witnessed slowdown across all the segments post the seasonally strong month of March. Only the compact segment defied the slowdown witnessing a growth of 9.9% yoy on the back of the successful launch of Celerio.

The stock opened at Rs 1,895 and touched a low of Rs 1,887 on the NSE. A combined around 12,000 shares changed hands on the counter in early morning deals on the NSE and BSE.