Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 01, 2019

Maruti Suzuki’s Car Sales Decline 33% in August

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
MSCI World
--
Pritika Auto Industries Ltd
--
Nifty EV & New Age Automotive
--
Cons Discretionary Goods & Serv
--
MSCI AC Asia ex-Japan
--
BSE Industrials
--
Ajmera Realty & Infra India Ltd.
--
MSCI AC Asia ex-Japan
--

(Bloomberg) -- Car sales at Maruti Suzuki India Ltd., the nation's biggest car maker, dropped 33% to 106,413 units, the company said in a press statement Sunday.

Deliveries of its small cars fell about 72% to 10,123, while exports declined 10.8% to 9,352.

Car sales dropped 34% in July, the biggest decline in sales in almost seven years, as a slowdown in consumer spending, the largest driver of growth in the $2.7 trillion economy, became more pervasive.

To contact the reporter on this story: Kartik Goyal in Mumbai at kgoyal@bloomberg.net

To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Gregory Turk

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search