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Maruti's smooth run continues, sales up 79% - Views on News from Equitymaster
 
 
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  • Jan 19, 2000

    Maruti's smooth run continues, sales up 79%

    Maruti has witnessed 79% sales appreciation in December 1999.

    MUL, a joint venture between the Indian government and Suzuki Motors of Japan, has a presence in the small car segment (800, Zen), mid-sized segment (Esteem, 1000), and the utility vehicle segment (Gypsy)

    At 30,052 units in December 1999, Maruti's sales have rocketed 79% over the corresponding month last year. Over the period April-December 1999, the company has posted 28% appreciation in sales to 282,181 units.

    Tata Indica also recorded healthy sales growth of 5,320 units (5,214 units in November 1999) - its highest ever since inception. The Ford Ikon registered sales of 1,677 units, moving ahead of the Accent (Hyundai) - 1,019 units. This was reported by a leading business daily.

    These car majors are unlikely to continue their good run in January 2000 as sales tax, price hikes come into play.

     

     

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