Friday, June 01, 2007

Maruti May 2007 Sales Up 11.2% yoy

Maruti Udyog Ltd., India's largest passenger vehicle maker, said on Friday that its sales rose 11.2% last month, on the back of strong demand for Swift and Zen Estilo hatchbacks and the new SX4 sedan. Maruti Udyog Ltd, said it sold 59,400 vehicles in May, up 11.2 per cent from 53,396 units a year earlier. Maruti said it sold 55,952 units in the domestic market, also up 9.9 per cent from 50,904 units a year earlier.

Exports surged 38.4% to 3,448 units from 2,492 units in April 2006. Japan's Suzuki Motor Corp has a majority stake in Maruti.

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