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Maruti Suzuki sales down 2.6%; Hyundai sales down 1.23%

 Maruti Suzuki, the country's largest car manufacturer sold 1.13 lakh vehicles in January, down 2.6 percent compared to 1.16 units sold in same period last year.


Maruti Suzuki sales down 2.6%; Hyundai sales down 1.23%

New Delhi: Maruti Suzuki, the country's largest car manufacturer sold 1.13 lakh vehicles in January, down 2.6 percent compared to 1.16 units sold in same period last year.

It was impacted not only by weak exports but also by low sales of mini (Alto, WagonR) and Compact cars (Swift, Ritz, Celerio, Baleno and Dzire). 

Maruti exported 7,223 vehicles during the month, lower by a whopping 34.6 percent compared to 11,047 vehicles sold in year-ago period while domestic sales increased 0.8 percent to 1.06 lakh vehicles in same period. 

On the other hand Hyundai Motor India (HMIL) also reported 1.23 percent dip in total sales at 44,230 units in January.

The company had sold 44,783 units in the same month last year, HMIL said in a statement.

In the domestic market, the company sold 38,016 units last month compared with 34,780 units in January 2015, up 9.3 percent.

However, the company's exports declined by 37.87 percent to 6,214 units as against 10,003 units.

HMIL senior Vice-President (Sales and Marketing) Rakesh Srivastava said the company has started the year on a positive note registering the domestic volume of 38,016 units with a growth of 9.3 percent over last year.

 

From Zee News

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