Maruti Suzuki, the country's largest car maker posted a sales growth of 21.7 percent during July.
The company on Friday said that the total vehicle sales for the month of July stood at 1,01,380 units as against the 83,299 units in the corresponding month last year. The domestic sales of the company rose to 90,093 units last month from 75,145 units in July 2013; registering a growth of 19.9 percent. The export of the company also increased during July by 38.4 percent to 11,287units against 8,154 units in the same period last year.
The mini passenger car segment of Maruti, which includes vehicles like M800, Alto, A-Star and WagonR witnessed 14.4 percent decline last month, from 33,587 units to 28,759 units. In the compact car segment, Maruti saw a growth of 81.2 percent to 25,156 units in July from 13,882 units the same month last year.
The company's Dzire sales rose to 18,634 units last month from 15,249 units in July 2013, recording a growth of 22.2 percent. Sales of the outgoing mid-sized sedan SX4 fell to 233 units in July against 322 units the same month last year.
Sales of utility vehicles - Gypsy, Grand Vitara and Ertiga zoomed to 5,631 in July 2014, from 4,562 units units last year. The Omni and Eeco vans of Maruti also saw an increased sales of 54.8 percent to 11,680 units, compared to 7,543 units previous year.
The shares of the company rose three percent in trade on Friday to ₹ 2,605 on BSE after Maruti announced its sales growth for the month of July.
The company will be launching its sedan Ciaz and Maruti Swift facelift in India during this festive season. Maruti Ciaz, the replacement for the company's under performing SX4 is likely to make its India debut in September with a price tag around ₹7.2 lakh to ₹10.5 lakh. Ciaz is likely to get power from the same 1.3 liter Multijet diesel or 1.4 liter K Series petrol engine of Ertiga and is expected to carry some of the features of both SX4 and Ertiga. From what we know so far, Maruti's upcoming sedan is likely to offer features like alloy wheels, engine start button, rear AC vents and front armrest along with dual tone black and beige interiors and leather seats.