Maruti’s January sales jump 26% despite Modi’s demonetisation drive
New Delhi: Maruti Suzuki India Ltd’s January sales in the domestic market rose 26% to 133,934 units over a year ago, the company said in a statement on Wednesday. The brisk volume growth was led by robust sales across all the segments, including entry-level models such as Wagon R and Alto.
Driven by bestseller Baleno, sales of compact car models increased by a fourth to 55,817 units, while sales of utility vehicles doubled to 16,313 units as compared to 8,114 units last year, on the back of the compact SUV Brezza.
Overseas shipment at the local arm of the Japanese carmaker also surged 45% to 10,462 units over the last year.
Maruti’s volumes have advanced at a brisk pace even as auto firms are reeling under the impact of demonetisation. Auto sales tanked the most in 16 years in January as the sudden scrapping of high-denomination notes dissuaded car buyers.