Economy

Maruti January sales up 4.8 pc at 151351 units

Maruti January sales up 4.8 pc at 151351 units”

The country's largest passenger auto manufacturer Maruti Suzuki India sold a total of 151,351 units in January 2018, growing 4.8% over the same period last fiscal. The total number of sales includes 140,600 units in the domestic market and 10,751 units of exports. Having sold a total of 1,443,641 units in FY2017, the company could be in line for the 1.5 million sales mark this fiscal. Sales of utility vehicles, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza increased by 26.8 per cent to 20,693 units in January, from 16,313 units in the same month of 2017. The compact segment though witnessing a lower step up of 21.6 percent has garnered higher volumes of 67868 units.

The entry level duo of the Alto and Wagon R hatchbacks sold a total of 33,316 units last month, down 12.2 percent, indicating demand is shifting to other company models. The Ciaz mid-sized sedan also underperformed with a 22.48% slump to 5,062 units, owing to the removal of benefits on the hybrid variant under the goods and services tax (GST) regime. Sales of vans - Omni and Eeco - declined by 13.6 per cent to 12,250 units last month as against 14,179 units in the year-ago period.

However, mini cars sales (Alto, WagonR) degrew by 12.2 percent and vans segment (Omni, Eeco) registered a 13.6 percent fall in January compared to same month past year.



Like this

loading...
loading...

Latest


01 February 2018
Boko Haram: Borno SEMA reveals how IDPs camp was bombed, confirms deaths
Those injured were immediately taken to various hospitals within the city centre of Maiduguri where they are undergoing treatment. Worst of these attacks occurred on January 30, 2016, when at least 86 people were killed and at least 62 injured.

01 February 2018
Once in a blue moon: viewers see rare lunar eclipse
How Close Was The Moon Be To Earth? "The moon is one of the most wonderful objects in our solar system", Petro said. NASA plans to provide a live stream of the moon from telescopes in California and Arizona, beginning at 5:30 a.m.

01 February 2018
LTCG tax reintroduced in Budget 2018, Sensex suffers brief shock
Market analysts say, if at all, the announcement of LTCG, may disrupt markets in the short-term, but there is unlikely to be a long-term impact.

01 February 2018
National Pension Service Sells 6073 Shares of American Express (AXP)
It worsened, as 55 investors sold ABBV shares while 640 reduced holdings. 100 funds opened positions while 297 raised stakes. It was last traded at $98.71 apiece. 709.03 million shares or 0.92% less from 715.61 million shares in 2017Q2 were reported.

01 February 2018
US Reaches Oil-Output Milestone Months Earlier Than Expected
The monthly average oil output for the US has only surpassed 10 million bpd on one other occasion, in October 1970. USA oil exports hit their all-time highest, reflecting the nation's increasing energy independence.

01 February 2018
Salesforce.com Inc (CRM) Position Cut by Cornerstone Advisors Inc
BLOCK KEITH sold $962,097 worth of stock. 379 shares valued at $35,391 were sold by Allanson Joe on Friday, August 25. Credit Suisse Group started coverage on shares of Salesforce.com in a report on Thursday, April 27th. (NYSE:CRM).

01 February 2018
West Bengal presents farmer-friendly budget keeping an eye on Panchayat elections
The finance minister said compensating the deficit was "a constitutional liability of the Centre". "It is a mess". Mitra also announced augmentation of the Kanyashree programme and introduction of marriage assistance for girls.

01 February 2018
Theresa May under pressure as MPs warn 'window closing' on tenure
Former Cabinet minister John Whittingdale said leadership issues could be addressed after Brexit negotiations had been finalised. And Pro-Brexit MP Nigel Mills voiced frustration with the PM , saying the Tories had "lost some of our reforming zeal".

01 February 2018
Aubameyang to wear Thierry Henry's legendary No 14 shirt at Arsenal
The France worldwide sealed a reported £21m switch to the defending Premier League champions from their north London rivals on transfer deadline day.

01 February 2018
Cadence Design Systems (CDNS) Updates Q1 Earnings Guidance
Advisor Group Inc. raised its stake in Cadence Design Systems by 151.4% in the 3rd quarter. (NASDAQ:HBMD) for 122,700 shares. Moreover, National Pension Serv has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) rating on Tuesday, October 27.