Thursday, Aug 13 2020 | Time 07:51 Hrs(IST)
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  • Two traders run over by unidentified vehicle in Nashik
  • MP CM’s condolences
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  • MP CM’s Janmashtami wishes
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

Cadence Delivers Machine Learning-Optimized Xcelium Logic Simulation with up to 5X Faster Regressions

12 Aug 2020 | 10:24 PM

SAN JOSE, Calif. and BENGALURU, India, Aug. 12, 2020 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that the Cadence® Xcelium™ Logic Simulator has been enhanced with machine learning technology (ML), called Xcelium ML, to increase verification throughput. Using new machine learning technology and core computational software, Xcelium ML enables up to 5X faster verification closure on randomized regressions.

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CenturyPly sees a positive EBITDA of over 5 Crore in first qr of FY 2020-21

12 Aug 2020 | 10:20 PM

Kolkata, Aug 12 (UNI) India’s leading plywood company, Century Plyboards (India) Ltd.,
today announced its results for the first quarter of FY 20-21 with a net revenue from
operations at Rs 200.68 crore, a decrease of 65 per cent over corresponding period of
last financial year ( Rs. 573.71 crore).

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Ashok Leyland Q1 FY ’21 revenues at Rs 651 Cr

12 Aug 2020 | 9:17 PM

Kolkata, Aug 12 (UNI) Ashok Leyland Limited, flagship of the Hinduja Group, reported
a revenue of Rs. 651 Cr for Q1 FY ’21 as against Rs. 5684 Cr for the same period
last year.

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Tanla announces un-audited financial results for Q1FY2021

12 Aug 2020 | 9:11 PM

HYDERABAD, India, Aug. 12, 2020 /PRNewswire/ -- The Board of Tanla Solutions Limited (NSE: TANLA) (BSE: 532790) at its Board Meeting held on August 12, 2020 announced the un-audited financial results for the quarter ended on June 30, 2020 for FY21.

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I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

12 Aug 2020 | 7:44 PM

Hyderabad, Aug 12 (UNI) Gramodaya Chamber of Commerce and Technology (GCOT), a non for profit Social Enterprise, founded by the Alumni of Osmania University, to emancipate the life of Rural dwellers, on Wednesday announced “Gramodaya Bandhu Mitra Puraskar” on the eve of 74th Independence Day Celebrations.

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