(From left to right) C V Raman, Executive Director, Engineering, R S Kalsi, Executive Director, Sales and Marketing and Kenichi Ayukawa, MD & CEO, Maruti Suzuki at the launch of Vitara Brezza in Mumbai
Maruti Suzuki, the country’s largest car maker, reported a 16% jump in its domestic sales for April, the first month of financial year 2017.
The company, which enjoys a 47% share in domestic passenger vehicle market, sold 117,045 units in domestic market last month against 100,709 units in April 2015.
The increase is helped by sales of Brezza, S Cross and Baleno, all of which are new products.
Exports, however, declined 13.7% to 9,524 units. Total sales (domestic and exports) grew 13.3% to 126,569 units in April.
At 11.10am, the company’s stock price stood at Rs 3,802 at the BSE, marginally up from the previous close. The BSE Sensex was down 0.75%. Maruti’s high double digit growth will help the industry post a high single or double digit growth in April.