Maruti Suzuki shares fall 4% after July sales miss estimates

The report of Maruti Suzuki India’s poor July 2024 sales results caused the company’s shares to drop by more than 4%. The company’s overall performance and total domestic sales failed to meet market expectations, which resulted in the drop.

In July 2024, Maruti Suzuki sold 1,75,041 units, a 3.63% reduction from 1,81,630 units sold in the same month the previous year.

The company’s domestic PV sales were 1,37,463 units, a 9.64% decrease from 1,52,126 in July 2023.

As of 11:00 am, Maruti Suzuki shares were trading 3.77% lower at ₹12,855 on the NSE.

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