comScore
Active Stocks
Tue Dec 05 2023 15:23:27
  1. Power Grid Corporation Of India share price
  2. 222.45 4.49%
  1. Tata Steel share price
  2. 131.55 0.46%
  1. NTPC share price
  2. 285 3.71%
  1. State Bank Of India share price
  2. 608.3 2.3%
  1. ICICI Bank share price
  2. 1,011.65 2.12%
Business News/ Auto News / Maruti Suzuki up 2% as company’s production rises in November
Back Back

Maruti Suzuki up 2% as company’s production rises in November

At 0956 am, Maruti Suzuki’s stock was a shade higher than 2% at ₹7,023
  • The Sensex, on the other hand, was a tad lower at 40,424.29 points
  • Maruti’s wholesales during April to October 2019 fell 20.4% to 958,373 vehicles. (Reuters)Premium
    Maruti’s wholesales during April to October 2019 fell 20.4% to 958,373 vehicles. (Reuters)

    NEW DELHI : Shares of India’s largest car maker Maruti Suzuki India (MSI) rose 2% in early deals on Monday. The company on Sunday said it raised production in November by 4.3%, after having reduced output for nine straight months due to lower demand. Maruti produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, it said in a filing to the exchanges.

    At 0956 am, Maruti Suzuki’s stock was a shade higher than 2% at 7,023. The Sensex, on the other hand, was a tad lower at 40,424.29 points.

    Domestic automobile sales have been on a precipitous decline since the September quarter of 2018-19 due to an overall slowdown in consumption and liquidity crisis at financial institutions after the collapse of Infrastructure Leasing and Financial Services Ltd.

    Maruti’s wholesales during April to October 2019 fell 20.4% to 958,373 vehicles.

    The increase in vehicle production in November follows a 4.5% year-on-year growth in wholesales, or industry dispatches, of Maruti in October to 144,277 units. This was the first increase in seven months for the company thanks to a high level of discounts across most of its product range.

    In November, however, Maruti’s wholesales declined 3.2% year-on-year to 141,400 units.

    Milestone Alert!
    Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

    Catch all the Elections News, Auto News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Updated: 09 Dec 2019, 10:14 AM IST
    Next Story footLogo
    Recommended For You
    Petrochemical Stocks
    ₹6,199.5-1.02%
    ₹3,795.60.56%
    ₹1,656.71.79%
    ₹10,603.951.09%
    ₹705.450.36%
    Switch to the Mint app for fast and personalized news - Get App