Tag: increase in sales

Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 percent increase in total sales at 1,65,173 units in August 2022 as compared to 130,699 units sold in the same month of 2021This figure includes domestic passenger vehicle sales and exports. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 percent, it added. The total number of vehicles exported by Maruti Suzuki for the month of August 2022 is 21,481 units. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, rose by 57 percent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross, and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier. Read more

Shares of Tata Motors hit a fresh 52-week high of Rs 249.50, up 13.35 per cent on the BSE on Tuesday, amid buzz over the partnership with Tesla and encouraging sales numbers from Jaguar Land Rover (JLR) for the third quarter. The stock of Tata group commercial vehicles company was trading higher for the eighth straight day and has rallied 25 per cent during the period.The market cap of the firm rose to Rs 74,784 crore. Tata Motors, in a release, said JLR’s retail sales for the quarter ending December 2020 were 128,469 vehicles, 13.1 per higher than the 113,569 vehicles sold in the preceding quarter, but down 9 per cent on the same period last year. China sales were particularly encouraging, up 20.2 per cent on the prior quarter and 19.1 per cent year-on-year (YoY)," JLR said in a media statement. The global research firm has retained a buy rating with the target at Rs 270 per share