INSUBCONTINENT EXCLUSIVE:
Stock of Maruti Suzuki hit a road bump on Monday as India's largest carmaker reported 3.4 per cent decline in total sales for August
The figure was 1,58,189 units compared with 1,63,701 in the same month last year.
The scrip was trading 0.63 per cent down at Rs 9,039.95
The Sensex was up 122 points, or 0.32 per cent, at 38,754.
Severe floods in Kerala and heavy rains in other parts of the country are to
blame, the company said in a release
Its domestic sales were also down 2.8 per cent at 1,47,700 units last month against 1,52,000 in the year-ago month.
Sales of mini cars
comprising Alto and WagonR were at 35,895 units compared with 35,428 in August last year, up 1.3 per cent.
Sales of compact segment,
including models such as Swift, Celerio, Ignis, Baleno and Dzire, were down 3.6 per cent at 71,364 units against 74,012 in August last year,
the company said.
Mid-sized sedan Ciaz sold 7,002 units in comparison with 6,457 in the same month a year ago, a jump of 8.4 per cent.
Sales
of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, slipped 16.2 per cent to 17,971 units in August, from 21,442 units in the
year-ago month, the automaker said.
Its exports in August tumbled 10.4 per cent to 10,489 units, from 11,701 in the same month last year.
