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Last Updated : Aug 01, 2012 01:11 PM IST | Source: Moneycontrol.com

Maruti Suzuki July sales rise 9% to 82,234 units

Sales at India's largest passenger car maker Maruti Suzuki rose 9% year-on-year to 82,234 units in July, helped yet again by strong demand for its Swift and DZire cars and multi-utility vehicle Ertiga launched in April, even as sales of mini cars and vans continued to slip.

 
 
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Sales at India's largest passenger car maker Maruti Suzuki rose 9% year-on-year to 82,234 units in July, helped yet again by strong demand for its Swift and DZire cars and multi-utility vehicle Ertiga launched in April, even as sales of mini cars and vans continued to slip.


The company sold 71,024 vehicles in the domestic market, up 7% from a year ago, and exports rose 27% to 11,210 units.


Maruti's sales of the new compact DZire more-than-trebled to 11,413 units and sales of compact cars (Swift, Ritz and Estilo) accelerated 73% to 15,759 units.


It sold 7,294 utility vehicles, driven by the Ertiga, compared with 642 UVs it sold a year ago.


Automobile sales in India have hit speed bumps over the last year, due to expensive loans and a sharp rise in petrol prices.


Sales of Maruti's mini cars (WagonR, Alto, A-Star and 800), which are predominantly petrol powered, fell 24% to 28,998 units.
 
Van sales plunged 49% to 6,879 units and SX4 sedan sales crashed 71% to 679 units.


For the April-July period, Maruti's total sales have risen 6% to 3,78,130 units.


Maruti Suzuki's diesel versions of Swift and DZire are among the most selling cars in the industry presently. But the  company is facing a up hill task of retaining its market share after a violent labour unrest led to shutdown of its Manesar plant on July 18, which accounts for 35% of the company's production and where the two cars are made.


A general manager at the plant died and several executives were injured in the workers' unrest last month and uncertainties remain over when the issue will be resolved and the plant opens again.


Swift and DZire already have a long waiting period and analysts have warned that if the Manesar crisis lingers on for a long time, then some customers could switch to buying cars made by rival companies, and that will hurt Maruti's profits and margins.

Maruti shares were down 0.7% at Rs 1,127.35 on NSE in morning trade on Wednesday. 



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First Published on Aug 1, 2012 10:56 am
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