Maruti Suzuki Sales: Maruti Suzuki sales fall 6.8% in FY21 to 13.62 lakh units | – Times of India

Maruti Suzuki Sales: Maruti Suzuki sales fall 6.8% in FY21 to 13.62 lakh units | – Times of India [ad_1]

NEW DELHI: Maruti Suzuki India on Tuesday introduced the sales in the home market stood at 1,361,722 units, decrease by 6.8%, in the monetary yr 2020-21.
The exports additionally declined by 5.9 per cent in the identical interval at 96,139 units.
The largest carmaker additionally reported a 9.7% drop in fourth-quarter revenue due to feeble demand for autos in the course of the Covid-19 pandemic and surging costs of commodities.
After a steep fall in automotive sales final yr when the pandemic first hit, Maruti’s sales picked up in India over the previous two quarters as individuals opted out of public transport and poured their lockdown financial savings into huge-ticket objects equivalent to vehicles.
Still, because the carmaker handled rising prices of metal and copper that threatened margins, it handed on some of these prices to prospects. Maruti, which sells each second automotive in India, has already bumped up the costs of its vehicles twice this yr.

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