Maruti domestic sales rise 2.2% in October
Maruti’s muted growth in October came on the back of a 9.8% decline in the entry-level models of Wagon R and Alto
Mumbai: Maruti Suzuki India Ltd’s domestic sales rose 2.2% to 123,764 units over a year-ago period, the company said in a statement on Tuesday.
It exported 13,146 units in October 2015, up 90% over the year-ago period. It fell 26.6% to 7,676 units in September.
The muted growth came on the back of a 9.8% decline in the entry-level models of Wagon R and Alto. Even sales of compact car models which account for close to half of total passenger vehicles sales for the company, dropped marginally by 1.8% to 50,116 units over the year-ago period.
Even exports at the local arm of the Japanese car maker fell sharply by 23% to 10,029 units over the year-ago period. Company spokesperson attributed it to the high base of last year. “We have consistently maintained a run rate of 10000 units in exports.” Owing to shipment related issues last September, the billing in October was high hence the decline, she said.
Car sales in India have been advancing at a brisk pace, touching a record high in September ahead of the festive season.
Sales are likely to moderate in the coming months as companies start correcting stock as demand dries up after the festive season.
Companies report despatches to dealers and not end customers.