Maruti Suzuki Stock Up Nearly 2% On Robust July Sales

Maruti Suzuki Stock Up Nearly 2% On Robust July Sales

The previous best was in April this year when the company had sold 1,44,492 units.

Chennai-based TVS Motor Co. saw its domestic two-wheeler volume sales rise 6.2 percent to 2.19 lakh units last month from 2.06 lakh vehicles sold in July previous year, fuelled mainly by scooter sales that grew at a higher clip of 35.8 percent as against 15.1 percent for motorcycles.

Yesterday, Maruti Suzuki India saw a high of Rs. 7920.00 which was 160.1 points more than the opening price after which it closed at a price of Rs. 7856.10.

Mini auto segment (Alto, WagonR) registered a 20.7 percent growth on year-on-year basis while compact vehicle segment (Swift, Ritz, Celerio, Ignis, Baleno, Dzire) reported 25.3 percent growth.

Two wheeler manufacturer Hero MotoCorp posted a 17.1 percent rise in July sales. It said this is the third consecutive month of six lakh plus sales for the market leader this fiscal, with the June and May figures coming at 624185 units and 633,884 units, respectively.

In all segments, Maruti reported double digits growth in July, the first month of GST rollout. The company exported 11,345 vehicles in July 2017, which was 0.1% higher compared with 11,338 units sold in July 2016. The stock surged over 2% during the early morning trade on Tuesday, on the BSE.

Importantly, for the company, the sales growth is across all vehicle segments – cars, utility vehicles and vans. The company had sold 43,160 units in the same month a year ago, Tata Motors said in a statement.

Shares of Maruti Suzuki India (MSI) on Tuesday went up by almost 2 per cent after the company posted a 20.6 per cent rise in total sales for July. If July numbers are any indication, then expect Maruti to keep crossing the 150,000 unit sales mark month after month.