Maruti Suzuki India Limited has announced recently that it has registered net sales of approximately USD 1,114.5 million during the first quarter of 2008-09, a growth of 20.9 per cent compared to the same period of the previous year.
Net Profit during the first quarter of 2008-09 was USD 110 million as USD 117.5 million during the same period of the last fiscal year. However, the two figures are not comparable owing to the additional impact of USD 14.5 million resulting from the new depreciation policy introduced in Q4 of 2007-08.
Maruti Suzuki also posted a 13.5 per cent growth in total sales during the first quarter of 2008-09. Domestic sales grew by 12.1 per cent, led by Swift, Swift DZire and WagonR. The domestic sales volume was 180,093 units.
In the A3 segment (sedans), the company grew faster than the industry and increased its share in the segment to 26.4 per cent in the first quarter of 2008-09, compared to 21.2 per cent in the first quarter of last fiscal.
Further, the company exported 12,491 units in the first quarter of 2008-09, against 9,065 units in the first quarter of the previous year, marking a growth of 37.8 per cent.
Maruti Suzuki India Limited also announced that it sold 58,543 vehicles in July 2008, as against 57,909 vehicles sold in July last year. During the month, while the A3 segment, where Maruti Suzuki attained leadership position in 2007, continued to show strong growth, the A2 segment (small cars) sales held ground despite the adverse macro economic situation. Compared to the sales in July 2007, Maruti's volume in the domestic A3 segment grew by 36.8 per cent over July 2007.
