Maruti Suzuki shares dive as October car sales drop
Utility vehicle sales like Ertiga, S-Cross, Vitara Brezza jumped 90.9% in the given month at 18,008 units as against 9,435 units. However, Omni and Eeco sales dropped 6.5% that took that total domestic passenger vehicle sales to just 2.2% rise in October 2016.
India's largest carmarker Maruti Suzuki on Tuesday said that its car sales for the month of October 2016 dropped 5.2% to 92,886 units as against the same month of last year.
Utility vehicle sales like Ertiga, S-Cross, Vitara Brezza jumped 90.9% in the given month at 18,008 units as against 9,435 units. However, Omni and Eeco sales dropped 6.5% that took that total domestic passenger vehicle sales to just 2.2% rise in October 2016.
Shares of the company reacted sharply by dropping 0.57% at 1023 hours. Stock price opened at Rs 5,901 per share on BSE Sensex and reached a high of Rs 5,972 per share before hitting a low of Rs 5,860 per share after it announced sales numbers.
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