Maruti Suzuki August sales 61% jump helps turns MSIL slowdown
Maruti Suzuki India Limited (MSIL), the country’s largest automakers has seen an end to 9 continuous months of falling sales. Lock out at the company’s Manesar plant in August 2012 following violence was the start of a series of falling sales which has finally come to an end.
There was also increased demand for MSIL vehicles in the compact segment which included M800, Alto, A Star and Wagon R wherein an increase of 45.1% was noted. Exports during the month of August increased three fold to 11,305 units as compared to 4,025 units exported in August 2012. August performance has brought to end a negative growth experienced over the past 9 months which owed its downbeat growth to higher fuel prices, rising interest rates and job insecurities. Other auto majors such as Tata Motors, Mahindra and Toyota Kirloskar Motors however continued to post negative growth in August while Ford India and Honda Cars India saw more positive results.