Maruti Suzuki slips over 1% as monthly sales drop in April

NEW DELHI: Maruti Suzuki India Ltd plunged as much as 1.5 per cent in trade on Friday, after the country's largest carmaker reported a 11.4 per cent decline in total sales in April to 86,196 units, against 97,302 units in the same month last year.

The company said its domestic sales declined by 12.6 per cent during the month to 79,119 units as against 90,523 units in April 2013.

At 09:35 a.m.; Maruti Suzuki was trading 1.2 per cent lower at Rs 1894.85. It hit a low of Rs 1888 and a high of Rs 1900 in trade today.

Sales of mini segment cars, including M 800, Alto, A-Star and Wagon R, declined 25.4 per cent to 26,043 units as against 34,927 units in the year-ago month, MSI said in a statement.

The company said sales of the compact segment, comprising Swift, Estilo, Ritz, rose 9.9 per cent to 23,659 units in April this year as against 21,535 units last year.