Maruti Suzuki shares surge most in seven months after January sales cross 2 lakh units

The total sales for India’s largest passenger car manufacturer, rose 6.5% from last year’s 1.99 lakh units.

Of these, the domestic sales were up 5.7% at 1.85 lakh units from the previous year’s 1.75 lakh units.

The company’s domestic passenger vehicle sales were up 4.2% at 1.73 lakh units. In January last year, the same was at 1.66 lakh units.Meanwhile, the automaker’s total exports witnessed a 13.3% jump to 27,100 units from last year’s 23,921 units.

The stock gained over 6% to become the top Nifty 50 gainer post the auto sales data.

Maruti Suzuki shares were trading 5.01% higher at ₹12,927 apiece at 12.35 pm on Saturday, February 1. The stock was also among the top contributors towards Nifty 50’s upside, contributing 18.6 points, just after ITC’s 24.6 points.