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

Shares of Maruti Suzuki 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.