Maruti's December sales jump 21%; shares up

Country's largest car-maker Maruti Suzuki India (MSI) today reported a 20.8% increase in total sales in December at 1,09,791 units.

The car maker had reported sales of 90,924 units in the same month last year.

Following the release of strong sales numbers, shares of Maruti were trading 0.5% higher at Rs 3,344 in an otherwise weak market.

The company said its domestic sales increased by 13.3% during the month to 98,109 units as against 86,613 units in December, 2013.

Exports rose nearly three-fold to 11,682 units compared to 4,311 units in December last year, MSI said in a statement.

Sales of mini segment cars, including, Alto, A-Star and WagonR declined by 9.6% to 34,625 units as compared to 38,286 units in the year-ago month, the statement said.

Sales of the compact segment cars comprising Swift, Estilo, Ritz, Dzire rose by 23% to 41,532 units in December this year as against 33,766 units last year, the company said in a statement.

Sales of compact sedan Dzire Tour almost doubled during the month under review at 1,676 units as against 832 units in December, 2013.

The company sold 3,731 units of mid-sized sedan Ciaz, which was launched in October. It had sold 271 units of SX4 sedan in December 2013. There was no sale of premium sedan Kizashi during the month.

Sales of utility vehicles, including Gypsy, Grand Vitara and Ertiga, rose by 12.2% at 5,774 units in December this year from 5146 units in the corresponding month last year.

Sales of vans, Omni and Eeco, rose by 29.6% to 10,771 units in December this year as compared to 8,312 units in the same period of previous year.

Maruti Suzuki India Limited