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Business Economy

Maruti Suzuki sold 108,064 units in July 2020

Mumbai, Aug 1 (UNI) Car major Maruti Suzuki on Saturday said that it had sold a total of 108,064 units in the month of July, including one lakh units in the domestic market itself.
Maruti said July's sales figure is just a 1.1 pc fall when compared to figures from July in 2019. More importantly, it is a massive 88.2 pc jump over sales figures from just a month earlier. Sales have been picking up gradually after an unprecedented April when Maruti and almost every other OEM reported either zero or negligible sales owing to the national lockdown in place to check the spread of Covid-19.
Maruti's July sales reveals that mini sub-segment which has Alto and S-Presso. The two cars accounted for 17,258 units in sales for July which is 49.1 pc more than figures from 11,577. It is, however, important to note that S-Presso was only launched in September of last year and a direct comparison between sales in the mini sub-segment between July of 2020 and of 2019 may only be seen for reference purposes.
It is the UV segment which provides a more definitive positive outlook with 19,177 units being sold last month. This is a 26.3 pc rise when compared to 12 months ago. Ertiga, Vitara Brezza and XL6 fall in this category, as does S-Cross which is coming in an all-petrol avatar next Wednesday
The compact sub-segment saw 51,529 units of WagonR, Swift, Celerio, Ignis, Baleno, Dzire and Tour S being sold. This was 10.4 pc down from July of 2019.
The area of maximum concern would continue to be the mid-size sedan segment in which 1,303 units of Ciaz were sold last month. The numbers have been sliding consistently over several months now and updates in this segment by rivals means a respite for the current model is unlikely.
Maruti Suzuki, in a press statement, informed that it remains committed to the health and safety of its employees and that production and sales continue to take place fully consistent with all safety requirements.
More News

Paytm launches India's first pocket Android POS device for contactless ordering & payments

10 Aug 2020 | 7:34 PM

Kolkata, Aug 10 (UNI) On a mission to equip SMEs with technology-led solutions, India's homegrown financial services platform Paytm has launched the country's first pocket Android POS device for contactless ordering & payments.

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BOB announces financial results

10 Aug 2020 | 7:33 PM

Kolkata, Aug 10 (UNI) Bank Of Baroda has announced financial results for Q1 FY 2021 recording an adances growth at 8.6% with organic retail loans growing at 13.5%.

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Xinhua Silk Road: Eastern Chinese city attracts investors by creating sound biz environment

10 Aug 2020 | 7:25 PM

BEIJING, Aug. 10, 2020 /PRNewswire/ -- Huai'an, a prefecture-level city of east China's Jiangsu Province, is exploring to expand the service objects of its "101 percent service" mechanism from large firms and projects to all market players, so as to create a more dynamic economic ecology.

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ECHO India and Naukri com launch COVID Healthcare Professionals Initiative to scale up India's response to COVID-19

10 Aug 2020 | 7:22 PM

- More than 10,000 professionals expected to be onboard as a part of the initiative
NEW DELHI, Aug. 10, 2020 /PRNewswire/ -- To tackle the challenges imposed by the current coronavirus crisis, ECHO India, a healthcare non-profit, in association with Naukri.com, today virtually launched a unique initiative- COVID Healthcare Professionals (CHP). The initiative aims to bridge the demand and access gap between highly skilled health professionals and healthcare facilities to manage and contain increasing COVID cases across India.

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One of Indias Most Affordable Modern PC for Daily Use - RDP ThinBook2

10 Aug 2020 | 7:18 PM

HYDERABAD, India, Aug. 10, 2020 /PRNewswire/ -- RDP, one of India's most affordable PC Design & Manufacturing Company, brings the latest innovations in technology at the most affordable price with the launch of their new laptop, RDP ThinBook2.

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