Maruti continues on rough roads
By
Ruma Dubey
about 6 years ago
The going has been very tough for Maruti Suzuki. The stock has been losing for the last 8 days and has fallen over 12% in the period. The stock slipped almost 2% to Rs.6538.15. Its 52-week low stands at Rs.6,324.35.
The company yesterday reported its monthly sales for April and it has fallen the most since August 2012. During the month, it sold 1.43 lakh units last month, a decline of 17%.
Total passenger car sales showed a drop of 23% (YoY), with Ciaz reporting the maximum drop at 45%.
Utility vehicles showed a growth of 6% but vans reported a decline of 27%.
Super Carry, its light commercial vehicles did very well, showing a 50% increase in sales for April.
Total domestic sales dropped 19% while exports were up 15%.