Maruti Suzuki gains after total sales rises 8% YoY in July

1 Aug 2022 , 02:18 PM

Total sales in the month include domestic sales of 145,666 units, sales to other OEM of 9,939 units and exports of 20,311 units. On a sequential basis, however, the companys total sales have jumped by 12.87% from 155,857 units sold in June 2022. Total domestic sales advanced by 10.17% year on year to 155,605 units in July 2022. Total Exports declined 4.3% to 20,311 units in July 2022 over July 2021. Maruti Suzuki said that the shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models. The company took all possible measures to minimise the impact, it added. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles). The companys net profit jumped 129.8% to Rs 1,012.8 crore on 50.52% rise in net sales to Rs 25,286.3 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News