Maruti Suzuki hits new high post April sales; m-cap crosses Rs 2 lakh crore

The stock up 2.7% at Rs 6,700, up 2.7% after MSIL reported domestic sales of 144,492 units in April

Maruti Suzuki India (MSIL) hit a new high of Rs 6,700, up 2.7% on BSE in early morning trade after the company reported a record monthly domestic sales of 144,492 vehicles in April 2017. The company had sold 117,045 vehicles in April 2016.

All segments of vehicles except vans grew in double digits: the mini segment (Alto and WagonR) grew by 22%; the compact segment (Swift, Celerio, Ignis, Baleno, and Dzire) by 39%; and utility vehicle by 28%.

MSIL, leader in the passenger vehicles, sold a total of 151,215 units in April 2017, 19.5% more than the 126,569 vehicles sold in April