Maruti Suzuki gears down owing to Oct sales numbers

The monthly sales figures for the month of October are out for automakers; and the sales figures for Maruti Suzuki have failed to impress the market participants. The October sales figures compared to the previous year have dropped 0.3 per cent owing to fall in exports by almost 24 per cent and sluggish domestic demand.

Maruti Suzuki in the month of October sold 1.33 lakh units compared to 1.34 lakh units that it sold in year ago period. The drop in sales on month on month basis was significant at 10.3 per cent reflecting one of the worst monthly fall in sales.

The sales figures for the utility vehicles  (UV) though reflected good growth with the segment showing a whopping 90.9 per cent rise in sales over a one year period. In the UV Segment the company has two stellar performing brands viz., Vitara Brezza and S-Cross. In the sedan segment Maruti Ciaz has reported a 8 per cent growth, thus bucking the trend.

In an extremely volatile session for the stock, Maruti has touched its 52-w high at Rs 5974 per share on Tuesday, before trading in red, post the October sales numbers being announced. Currently trading at Rs 5881, the stock is down by Rs 15 per share or 0.25 per cent.