Trending Large Cap Stock: Maruti Suzuki scorches ahead with Dzire’s facelift

The recently launched Maruti Suzuki Dzire has been received well in the Indian market as evident from the sales figures for June 2017. Carrying on the legacy of its highly successful predecessor, it is off to a flying start and the overwhelming bookings are an indication of its success.

Maruti Suzuki announced on July 10 that the new Dzire clocked 12,049 unit sales, as against 9431 units in May 2017.  This made it jump five ranks higher to become the third most passenger selling vehicle in the country for the month of June.

Post-announcement, Maruti Suzuki’s shares closed at Rs 7,437.65 with an intra-day high at Rs. 7500.

The utility vehicle segment sales grew at 43% YoY for June 2017 on account of a sustained demand for Vitara Brezza, while Ciaz sales were up sharply on account of a very low base in June 2016. The sales of Ciaz reached 3950 units in June 2017, up by 41.1% Y-o-Y. A huge chunk of sales for Ciaz came from its diesel variant, which is getting pricier post-GST, resulting in a slight slump in its sales.

Maruti Suzuki's June 2017 overall sales growth was 7.6% YoY. Exports bounced back and were up impressively by 96% YoY for the month.

Maruti Suzuki Limited is a leading automobile manufacturing company. The company's passenger vehicles segment comprises of brands such as Alto, WagonR, Swift, Ritz, Celerio, Ignis, Baleno, Dzire, Dzire Tour (old), and Ciaz.