The country's largest carmaker Maruti Suzuki India (MSI) reported 12.2% rise in total sales for November at 1,35,550 units, as against 1,20,824 units in the corresponding month of 2015.
The country's largest carmaker Maruti Suzuki India (MSI) reported 12.2% rise in total sales for November at 1,35,550 units, as against 1,20,824 units in the corresponding month of 2015.
The company's domestic sales stood at 1,26,325 units, up 14.2% from 1,10,599 units in November 2015, MSI said in a statement.
Sales of mini segment cars, including Alto and WagonR, increased by 8.1% to 38,886 units as compared to 35,981 units in the year-ago month, MSI said in a statement.
The auto major said sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 10.8% to 49,431 units in November this year as against 44,626 units last year.
A report by Fitch Ratings on the outlook of the automobile sector on Wednesday had said that the impact of demonetization on small cars and two-wheelers is likely to be limited and in the short-term, until the liquidity situation is resolved. This is because black money is hardly used for buying small cars or two wheelers. It is usually used for luxury cars, bullion or property.
MSI said sales of its compact sedan Dzire Tour declined by 10.3% during the month under review at 3,017 units.
Sales of mid-sized sedan Ciaz also declined by 1.4% to 5,433 units during the month.
Sales of utility vehicles, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza, however, surged 98.1% to 17,215 units in November this year, from 8,688 units in the corresponding month last year.
Sales of vans -- Omni and Eeco declined by 1.6% to 12,238 units in November this year as compared to 12,432 units in the same period of the previous year.
Exports during the month under review declined by 9.8% to 9,225 units as compared to 10,225 units in November last year, MSI said.
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