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Maruti Suzuki inches up on good domestic sales

The company showed a 16% jump in its domestic sales for April owing to jump in the sales of Brezza, S Cross and Baleno

Maruti Suzuki

SI Reporter  |  Mumbai 

Maruti Suzuki Celerio: For that breezy city drive

Shares of are trading higher by 0.5% in a falling market after the country’s largest car maker showed a 16% jump in its domestic sales for April, the first month of financial year 2017. The company has a 47% share in domestic passenger vehicle market.

Maruti sold 117,045 units in domestic market in March against 100,709 units in April 2015 owing to an increase in the sales of Brezza, S Cross and Baleno, all of which are new products.

However, exports declined 13.7% to 9,524 units while the total sales (domestic and exports) grew 13.3% to 126,569 units in April.

The stock opened at Rs 3,795 and touched a high of Rs 3,822 on the BSE. A total of 58,427 shares changed hands on the BSE so far.

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First Published: Mon, May 02 2016. 13:25 IST