Maruti Suzuki India, Country's Largest Passenger Vehicle Maker

Maruti Suzuki India, country's largest passenger vehicle maker, disappointed analyst on August 1 by reporting sharp fall in July sales due to continued slowdown in auto sector.

Company sold 1.09 lakh units in July 2019, the lowest in last two-year, declined by 33.5 percent compared to 1.64 lakh units sold in previous year.

Numbers were lower than Nomura expectation of 1.17 lakh units for the month.

Maruti said domestic sales in July 2019 were down 35.1 percent at 1 lakh units and passenger car sales fell 36.2 percent to 71,486 units compared to July 2018.

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