Maruti Suzuki India January sales slide 4% YoY

1 Feb 2022 , 02:33 PM

On a sequential basis, however, the companys total sales have improved by 0.80%. The auto maker had sold 1,53,149 units in December 2021.

While domestic sales fell by 8% to 1,36,442 units, exports jumped 44.13% to 17,937 units in January 2022 over January 2021.

The company further stated that, The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact.

Maruti Suzuki India recorded 48% decline in net profit to Rs 1,011.3 crore on as net sales remained flat at Rs 22,187.6 crore in Q3 FY22 over Q3 FY21.

The scrip lost 0.42% to currently trade at Rs 8,558.25 on BSE. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

Powered by Capital Market – Live News