Maruti Suzuki reported a consistent year-on-year growth in domestic car sales in the three months of the third quarter of FY2016, but the company saw a drop in cars sold in November and December as compared to October.
The country's largest car-maker sold 1,21,063 verhicles in October 2015, but sales declined 8.6% to 1,10,599 units in November and recovered modestly to 1,11,333 units in December 2015.
On the export front, too, Maruti Suzuki has not done well. After exporting 13,146 units in October, the company could sell only 10,225 units in November and an even lower 7,816 units in December 2015.
On a y-o-y basis, exports witnessed a wild swing, from a growth of 90% in October to a decline of 33% in December.
Maruti Suzuki sold 10,68,846 units (domestic + exports) in the third quarter of FY2016, up 13% from 9,45,703 units in the corresponding quarter last fiscal.
The company's super compact car, Dzire Tour, registered a high growth during the third quarter, with sales growing at 142% in October, 69% in November and 115% in December.
In the utility vehicles segment, the company recorded a y-o-y growth of over 50% in all three months. The company sells S-Cross, Grand Vitara and Ertiga in this segment.
On a turnover of Rs 13,574.80 crore, the company reported a net profit of Rs 1,225.60 crore in the second quarter of FY2016. While revenues grew 13.2% y-o-y, net profit rose 42%.
The company is planning to launch a new seven-seater MPV based on its tall boy WagonR MPV — codenamed YJC — at the Auto Expo 2016 in February, apart from the facelifted avatar of Alto 800.
Shares of Maruti Suzuki closed at Rs 4,635.05 crore on the BSE on 1 January, 2016, up 0.43%. The stock has appreciated almost 38% over its 2 January, 2015 closing price of Rs 3,359.70.
