Courtesy Vitara Brezza, S-Cross, Ertiga, Maruti Suzuki beats all, tops utility vehicle segment
Maruti Suzuki share price on Tuesday settled at Rs 9122.65, down 0.4 per cent on the BSE. The stock has gained over 48 per cent in the last one year against 17 per cent jump on Sensex.
Maruti Suzuki India has attained leadership position in the utility vehicles sales in the domestic market in 2017-18, with over 27.5% market share. The automaker is riding on the success of models like Vitara Brezza, S-Cross and Ertiga. Maruti Suzuki’s sale of utility vehicles has soared to 253,759 units in 2017-18, growing 29.6% over previous year sales of 195,741 units.
RS Kalsi, Senior Executive Director (Marketing & Sales), Maruti Suzuki reacted by saying, “In recent years the company has systematically widened its utility vehicle portfolio. Each of the offerings is distinctively placed and offers immense value to customers. Our UV range of Vitara Brezza, S-Cross and Ertiga revolve around best of design, technology and experience. Sales of Vitara Brezza increased by 36.7% in 2017-18, while it jumped by 44.4% for S-Cross and 4.1% for Ertiga.”
Maruti Suzuki has 2,627 sales outlets as on March 31, 2018.
These comprise Maruti Suzuki ARENA, NEXA and Commercial channel. Vitara Brezza and Ertiga are sold from Maruti Suzuki ARENA, while S-Cross is available at NEXA showrooms.
On Tuesday, Maruti Suzuki share price settled at Rs 9122.65, down 0.4 per cent on the BSE. The stock has gained over 48 per cent in the last one year against 17 per cent jump on Sensex.