Firm sees social distancing norms as a hindrance to productivity as well
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The country's largest carmaker Maruti Suzuki India and Mahindra & Mahindra on Wednesday reported rise in their domestic sales in December, even as Hyundai and Totoya posted negative growth. Beating the year-end blues Maruti Suzuki India (MSI) said its domestic sales were at 1,24,375 units in December as against 1,21,479 units in the same month a year ago, registering a growth of 2.4 per cent. The company said its compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire recorded sales of 65,673 units last month as compared to 51,346 units in December 2018, a growth of 27.9 per cent. Sales of utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza, were at 23,808 units as compared to 20,225 units in the same month in 2018, a growth of 17.7 per cent. However, the mini segment comprising Alto, S-Presso and Old WagonR witnessed a decline of 13.6 per cent at 23,883 units as compared to 27,649 units in December 2018. Mahindra & Mahindra also ...
Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up
Benchmark indices ended Friday's volatile session on a flat note with positive bias.
Domestic sales declined by 36.3 per cent at 98,210 units last month as against 1,54,150 units in the year ago month
Escorts, Force Motors, Maharashtra Scooters, VST Tillers, Eicher Motors, Atul Auto, Amara Raja Batteries, Exide Ind, Motherson Sumi Systems and Minda Ind were down 10% to 28% in past one month.