Maruthi Suzuki sold 158,189 units in August this year which is a 3.4% drop from 163,701 units in the same time last year. In a statement, the company cited that floods in Kerala was one of the reasons that affected their sales. Kerala accounts for one-forth of the quarterly sales from the Southern states.
Detailed sales report for August
Type |
Vehicle |
Aug 2018 sales |
Aug 2017 sales |
% |
| Domestic | 147,700 | 152,000 | 2.8% drop | |
| Mini | Alto/WagonR | 35,895 | 35,428 | 1.3% rise |
| Compact | Swift/Celerio | 71,364 | 74,012 | 3.6% drop |
| Mid sized | Sedan | 7,002 | 6,457 | 8.4% rise |
| Utility | Drezze | 17,971 | 21,442 | 16.2% drop |
| Exports | 10,489 | 11,701 | 10.4% drop |
Optimistic about the future
After Tata and Mahindra, when Maruthi Suzuki planned on increasing the prices of its vehicles last month, Mr.Kalsi -its senior executive director (Marketing and Sales), stated that he was optimistic about future growth. ‘We will continue with our annual target of double-digit growth. I am optimistic about the future growth’, he said.
‘By October, money will come through these crops and the increase in MSP prices will ring in a lot of wealth circulation,’ he said.
Rise in commodity costs, foreign exchange fluctuations and increase in fuel prices attributed to the increase in the vehicle costs last month.
Share prices
Maruthi Suzuki shares closed at ₹9,096.40 yesterday with the day’s high at ₹9,255 and day’s low at ₹9,080.30. It recorded 634,515 stocks trading. And its 52 week high stood at ₹9,996.40 while its 52 week low stood at ₹7,532.