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Maruti Suzuki Shares Rise After December Sales Surge 20%

Maruti Suzuki shares rose today after the car maker reported better-than-expected sales numbers for December. Marutis December sales rose 20 per cent to 1.09 lakh units, as compared to analyst expectations of 1.02 lakh units.
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Maruti Suzuki Shares Rise After December Sales Surge 20%

Maruti Suzuki shares rose today after the car maker reported better-than-expected sales numbers for December. Maruti's December sales rose 20 per cent to 1.09 lakh units, as compared to analyst expectations of 1.02 lakh units.

During December, Maruti's domestic sales rose 13 per cent year-on-year to 98,109 units while exports surged 171 per cent to 11,682 units.

Maruti's management expect the demand pick up in 2015.

RC Bhargava, chairman of Maruti Suzuki India, told NDTV, "We do expect sometimes in 2015 when all measures the government is taking for liberalization and reforms and making implementation much more effective, the economy will pick up and that will have a positive impact on demand."

Shares of Maruti were up 0.70 per cent to Rs 3,351.



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