Maruti Suzuki declares a 4.23 % surge in Vehicle Sales; Stock up 7%
New Delhi-based automaker, Maruti Suzuki India has registered a 4.23% rise in vehicle sales at 68,107 units in January 2008 as compared to 65,341 units in same period, previous year.
Of this, domestic sales grew by 2% to 63,459 vehicles against 62,248 vehicles while exports jumped 50% to 4,648 vehicles from 3,039 vehicles.
The company's volume in the domestic A3 segement (Esteem, Sx4, Baleno) has also increased by 12% to 2,939 units, and 17% in the C segment (Omni, Versa) to 8,861 units.
On the other hand, in the flagship A1 segment (M800), the company has recorded a 28.35% fall in sales at 5470 units in January 2008 against 7021 units in January 2007.
Sales of Gypsy and Grand Vitara combined, witnessed a decline of 15 % to 232 units from 273 units.
Maruti Suzuki shares touched a high of Rs. 918 on the NSE after the announcement. It ended the day at Rs 906, up Rs. 56 or 7% over the previous close of Rs. 850.
