Maruti Suzuki June sales fall 12.6% as exports drop sharply

Maruti Suzuki shares fell after India's biggest car maker by volumes said June sales declined 12.6 per cent to 84,455 units against 96,597 units in the same month last year.

Shares in Maruti Suzuki traded 0.64 per cent lower at Rs 1,528.10 as of 10.31 a.m. against a 0.12 per cent gain in the broader BSE Auto benchmark.

The biggest drop was witnessed in exports. Maruti said June exports were down 43 per cent to 7,453 units against 13,066 units in the same month last year.

Among modes, mid-size segment SX4 witnessed 23 per cent drop to 314 units in June. Sales of Maruti's best-selling sedan DZire fell 8.7 per cent to 12,548 units.