Today, Maruti Suzuki India goes up 2.58 per cent to Rs 8999 after total sales increases of 175,916 units in July 2022, a growth of 8.28 per cent from 162,462 units sold compared with last year in the same month. Total sales in the month include domestic sales of 145,666 units, sales to other OEMs of 9,939 units and exports of 20,311 units. However, the company’s total sales have jumped by 12.87 per cent from 155,857 units in June.

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According to the company, “the shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models. The company took all possible measures to minimise the impact,” it added.

Maruti Suzuki India is engaged in manufacturing, purchasing and selling motor vehicles, components, and spare parts (automobiles). The company’s net profit jumped 129.8 per cent to Rs 1,012.8 crore on a 50.52 per cent rise in net sales to Rs 25,286.3 crore in Q1 FY23.