Maruti Suzuki’s February sales marginally down

Mumbai, March 1 (IANS) Passenger automobile manufacturer Maruti Suzuki on Tuesday reported a marginal decline of 0.9 percent in its total sales for February 2016.

The company sold a total of 117,451 units during the month under review — down from an off-take of 118,551 units in the corresponding month in 2015.

“During the month, the reservation agitation had disrupted component supplies, causing a temporary suspension of production by the company,” the company said in a statement.

“Total production loss due to this was over 10,000 units.”

The automobile major resumed production at its facilities in Gurgaon and Manesar on February 23.

The company had to temporarily suspend manufacturing of vehicles at its flagship facilities in Manesar and Gurgaon on February 20, due to the transport and other disruption caused by the Jat community’s violent agitation for reservation in jobs and educational institutions.

Domestic sales during the month under review inched up by 0.2 percent to 108,115 units from 107,892 units sold in February 2015.

Exports plunged by 12.4 percent during the month under review with 9,336 units being shipped out — down from 10,659 units sold abroad in the corresponding month of last year.

The sales of passenger cars fell by 3.9 percent to 87,149 units sold during last month – from an off-take of 90,728 units in the like period of 2015.

The company’s passenger car segment comprises of brands like Alto, WagonR, Swift, Ritz, Celerio, Baleno, Dzire, Dzire Tour, and Ciaz.

On the other hand, sales of utility vehicles which comprises of brands like Gypsy, Ertiga and S-Cross augmented by 44.7 percent at 8,484 units from sales of 5,863 units during February, 2015.

Off-take in the van segment, which includes Omni and Eeco, grew by 10.5 percent to 12,482 units from 11,301 units in the corresponding month of 2015.

The company’s scrip at the Bombay Stock Exchange (BSE) rose by 7.85 percent to Rs.3,497 (at 3.20 p.m.) from its previous close of Rs.3,242.60.

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