Maruti Suzuki, India's largest passenger vehicle company, reported its numbers for January sales, which grew by 13.9% at 1.16 lakh units as against 1.02 lakh units (YoY). Domestic sales grew by 9.3% YoY, as it clocked 1.05 lakh vehicle in sales as against 96,569 units.
The total exports grew by a phenomenal 88.9%, with sales of 11,047 units as against 5,847 units.
The passenger vehicles segment grew by 7.9% YoY, from 82,461 in Jan'14 to 89,014 in Jan'15. The utility vehicles grew by 35%, while the vans segment grew by 9.3%.
Recently the company also declared its Q3 results. It sold a total of 323,911 vehicles in Q3, a growth of 12.4 per cent. Of this, exports were at 28,709 units, a growth of 43.8 per cent. The company registered Net Sales (net of excise) of Rs. 122,631 million, a growth of 15.5 per cent over the same period in the previous year.
Net profit in Q3 (2014-15) stood at Rs 8,022 million, up 17.8 per cent compared to the same period last year. Higher volumes, material cost reduction initiatives and favorable foreign exchange contributed to bottom-line during the quarter.
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