Economics
Biggest Indian Carmaker’s Sales Decline Most in Seven Years
- Suzuki’s Indian unit reports about 34% decline in July sales
- Rival Mahindra reports 15% drop in vehicle sales in the month
This article is for subscribers only.
Maruti Suzuki India Ltd. reported the biggest decline in sales in almost seven years as a slowdown in consumer spending, the largest driver of growth in the $2.7 trillion economy, became more pervasive.
Total sales dropped about 34% from a year earlier to 109,264 units in July, according to a statement on Thursday. Deliveries of its hatchback models fell 23%, even as sales of the premium Ciaz sedan jumped to 2,397 units from 48 a year earlier.