Maruti Suzuki India Shares Rise on Marginal July 2023 Sales Increase

Maruti Suzuki India reported a 3% increase in total sales to 181,630 units in July 2023. The company’s utility vehicles range, such as the Brezza and S-Cross, drove the growth. In the same month last year, the company had dispatched 175,916 units to its dealers. 

Domestic passenger vehicle sales increased by 6% to 152,126 units in July 2023 from 142,850 units in the previous year. However, sales of mini-segment cars, such as the Alto and S-Presso, declined to 9,590 units from 20,333 units in July 2022. 

Sales of compact cars including Baleno, Celerio, Dzire, Ignis, and Swift declined by 21% in July 2023 to 67,102 units from 84,818 units in the same month last year. However, utility vehicles consisting of Brezza, Ertiga, Fronx, Grand Vitara, Jimny, and XL6, sales more than doubled to 62,049 units from 23,272 units in July 2022. Exports also increased to 22,199 units from 20,311 units in the same month last year. 

Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services. 

Maruti Suzuki India is currently trading at Rs 9,760.00, up by 44.75 points or 0.46% from its previous closing of Rs 9,715.25 on the BSE. The scrip opened at Rs 9,739.95 and has touched a high and low of Rs 9,789.00 and Rs 9,640.40 respectively. So far 2,274 shares were traded on the counter. 

The BSE group ‘A’ stock of face value of Rs 5 has touched a 52-week high of Rs 10,036.70 and a 52-week low of Rs 8,076.65. Last one week high and low of the scrip stood at Rs 9,891.00 and Rs 9,551.00 respectively. The current market cap of the company is Rs 2,93,478.33 crore. The promoters holding in the company stood at 56.48%, while Institutions and Non-Institutions held 40.01% and 3.51% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.