Maruti shares fall 2% as Aug sales fall
Shares of Maruti Suzuki took a beating on Monday after the automaker's sales fell 9 per cent in the month of August from the previous year in the wake of rising inflation.
By ET Online |
MUMBAI: Shares of Maruti Suzuki took a beating on Monday after the automaker's sales fell 9 per cent in the month of August from the previous year in the wake of rising inflation.
Maruti Suzuki sold 59,908 vehicles in August compared with 65,968 in the year ago period. However, sales in the sedan segment (A3) comprising SX4, Esteem and Swift Dzire witnessed a growth of 12.2 per cent.
At 10:20 am, Maruti Suzuki shares were down 1.91 per cent at Rs 638 after falling to a low of Rs 632 in the first few minutes of trade.
Maruti Suzuki sold 59,908 vehicles in August compared with 65,968 in the year ago period. However, sales in the sedan segment (A3) comprising SX4, Esteem and Swift Dzire witnessed a growth of 12.2 per cent.
At 10:20 am, Maruti Suzuki shares were down 1.91 per cent at Rs 638 after falling to a low of Rs 632 in the first few minutes of trade.
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