Maruti Suzuki reported a marginal increase in its total auto sales for January.
It’s total domestic sales rose 1.7% (YoY) at 144499 but from April to Jan sales fell 15%.
Total export sales rose just about by 0.6%.
The rise in sales for Jan was led by growth in mini and compact cars. Mini cars’ sales rose 11% and that of compact cars was up 12%. Total mini car sales rose 11.4%.
Mid-size car, Ciaz showed a drop of 71.5%.Utility car sales dropped 27%, Vans fell 19% and LCVs fell 11%.
The market was happy with these numbers for Jan. From its close of Rs.6911.70, the stock opened slightly higher at Rs.6913 and went on to hit an intraday high at Rs.7108.15.