Maruti Suzuki stock sparkles, Vehicle sales rise 20 pc in Dec 2020

Auto conglomerate Maruti Suzuki India (MSI) on Friday reported a 20.2 percent raise in sales to 1,60,226 units in December. The corporation had sold 1,33,296 units in December final year, Maruti Suzuki India (MSI) stated.

sales in Indian markets improved 17.8 percent to 1,46,480 units final month as against 1,24,375 units in December 2019. Sales of mini-vehicles, comprising Alto and S-Presso, improved by 4.4 percent to 24,927 units as compared to 23,883 in the very same month final year. Sales of compact segment automobiles, such as models Swift, Celerio, Ignis, Baleno and Dzire, improved by 18.2 percent to 77,641 units as against 65,673 vehicles in December final year.

Sales of mid-sized sedan Ciaz, nonetheless, declined by 28.9 percent to 1,270 units as compared with 1,786 units in December 2019. Utility car sales, such as Vitara Brezza, S-Cross and Ertiga, rose 8 percent to 25,701 units compared to 23,808 in the year-ago month. Exports in December had been up 31.4 percent at 9,938 units as against 7,561 units in the corresponding month final year, the corporation mentioned.

Reacting to the development, Shares of Maruti Suzuki India Ltd touched an intraday high level in share price, at Rs 7,748.50 per share on National Stock Exchange on Friday.

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