Maruti Suzuki sales dip 1 percent in Feb to 1,47,110 units
Business | March 01, 2020 15:45 ISTThe country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.
The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.
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Domestic passenger vehicle sales declined 6.2 per cent in January as vehicle demand continued to be stressed by rising cost of ownership and slower GDP growth, automobile industry body SIAM said on Monday. Passenger vehicle sales last month stood at 2,62,714 units against 2,80,091 units in the year-ago month, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
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Sales in the auto sector remained slow in the month of January. While India's largest car manufacturer, Maruti Suzuki, recorded a marginal gain, Hyundai and Tata Motors remained in the red.
Swedish fashion retailer Hennes & Mauritz (H&M) posted a 42.54 per cent rise in sales in India to 2,007 million Swedish krona (around Rs 1,486 crore) for the fiscal ended November 2019.
Tata Motors-owned Jaguar Land Rover (JLR) on Thursday posted revenues of 6.4 billion pounds in the quarter ending December 2019, marking a 2.8 per cent rise year-on-year. The UK-based luxury carmarker said that while its total retail sales fell 2.3 per cent.
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Maruti Suzuki India (MSI) on Monday said its compact SUV Vitara Brezza has crossed five lakh sales mark within four years of its launch. The company had showcased the model at 2016 Auto Expo.
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