Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Suzuki Motor Corp    7269   JP3397200001

News SummaryMost relevantAll newsSector newsTweets 

Maruti Suzuki December Vehicle Sales Rise 3.2%

share with twitter share with LinkedIn share with facebook
share via e-mail
01/03/2013 | 07:06am CEST

NEW DELHI--Maruti Suzuki India Ltd. (523500.BY) Thursday posted a modest 3.2% increase in December vehicle sales, tamed by a sluggish domestic market and a fall in exports.

India's largest car maker by sales sold 95,145 vehicles in the past month, compared with 92,161 a year earlier.

Sales in the local market rose 5.9% to 82,073 vehicles, but exports fell 11% to 13,072 units.

December's growth trails the 12% sales expansion Maruti reported in November, and a record 85% increase in October.

Maruti's sales growth was slow despite the company offering year-end discounts on several models, underscoring weak consumer sentiment in the country amid higher borrowing costs and rising fuel prices in a slowing economy. Maruti had recently introduced an upgraded version of its Alto small car, as well as an automatic version of its Ritz hatchback, to boost sales.

Other car makers in India also have recorded a drop or a modest increase in December sales.

Hyundai Motor Co.'s local unit--the second-largest car maker in India--Tuesday reported a 2.5% decline, while Tata Motors Ltd. posted a 51% drop in local car and sport-utility-vehicle sales. Mahindra & Mahindra Ltd., India's largest maker of SUVs, recorded a modest 5.9% increase in December sales.

Maruti--the largest unit of Japan's Suzuki Motor Corp. (>> SUZUKI MOTOR CORPORATION)--has already cut its forecast for growth in car sales for this financial year through March to 3%-5% from its previous projection of 9%-10%.

The company posted an 11% decline in sales in the financial year ended March 2012, to about 1.13 million vehicles.

In December, Maruti sold 32,797 units of its M800, Alto, A-Star and WagonR small cars, a decline of 15% from the year earlier.

Sales of the Swift, Estilo and Ritz hatchbacks gained 8.9% to 22,482 cars, and those of the Dzire sedan climbed 42% to 13,076 autos. Sales of the SX4 sedan declined 61% to 329 units.

Maruti also sold 5,447 utility vehicles in December, compared with 238 units a year earlier.

Write to Santanu Choudhury at santanu.choudhury@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : SUZUKI MOTOR CORPORATION
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SUZUKI MOTOR CORP
03/24 GLOBAL MOTORCYCLES INDUSTRY 2017 THR : Honda, BMW, Yamaha, Suzuki
03/24 MARUTI SUZUKI INDIA : Quarterly results - maruti suzuki india limited
03/23 SUZUKI MOTOR : Researchers Submit Patent Application, "Four-Cycle Ohv Engine", f..
03/23 SUZUKI MOTOR : Swift makes European debut at show
03/22 MARUTI SUZUKI INDIA : sets up more than 2000 sales channels in India
03/22 MARUTI SUZUKI INDIA : releases Road Safety Index for 8 Indian cities
03/21 PAK SUZUKI MOTOR : Financial results of Pak Suzuki Motor Company Limited for yea..
03/20 MARUTI SUZUKI INDIA : 13 guilty of Maruti murder get life term
03/20 MSI SALES NETWORK BREACHES 2,000 MA : Reach grows to 1,643 cities
03/19 SUZUKI MOTOR : 13 autoworkers get life in prison for 2012 India riots
More news
Sector news : Auto & Truck Manufacturers - NEC
07:35p France digs in as Peugeot shareholder with stake shift
02:18p AUDI : VW's Audi halts A4, A5 production at Ingolstadt over parts shortage
11:45aDJForeign Investors Flock to Iran as U.S. Firms Watch on the Sidelines
09:24a Hyundai suspends China plant for a week amid diplomatic stand-off
06:31a Honda faces long haul to recoup jet costs
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
03/10 WALL STREET BREAKFAST : Spotlight Falls On Jobs Report
03/10 Toyota and Suzuki to partner in India
02/27 Japanese auto production rises again
02/06 WALL STREET BREAKFAST : Tech Joins Fight Against Travel Ban
Financials ( JPY)
Sales 2017 3 113 758 M
EBIT 2017 -
Net income 2017 151 409 M
Finance 2017 285 196 M
Yield 2017 0,75%
P/E ratio 2017 13,92
P/E ratio 2018 14,89
EV / Sales 2017 0,65x
EV / Sales 2018 0,56x
Capitalization 2 315 065 M
More Financials
Duration : Period :
Suzuki Motor Corp Technical Analysis Chart | 7269 | JP3397200001 | 4-Traders
Full-screen chart
Technical analysis trends SUZUKI MOTOR CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 4 951  JPY
Spread / Average Target 5,0%
Consensus details
EPS Revisions
More Estimates Revisions
Toshihiro Suzuki President, CEO, COO & Representative Director
Osamu Suzuki Chairman
Taisuke Toyoda General Manager-Finance & IR Contact
Osamu Honda Senior Technical Executive
Ichizo Aoyama General Manager-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP-10.46%182 500
DAIMLER AG-0.23%81 489
VOLKSWAGEN AG1.84%74 651
HONDA MOTOR CO LTD-0.59%55 951
More Results