Maruti Suzuki shares gain on sales report

The shares of the Maruti Suzuki gained on Monday after the company reported 9.84% increase in total sales for the month of September.

The shares of the company was seen trading higher by 1.12% at Rs 1365 on BSE at 12.00 pm IST. It touched intra-day high of Rs 1381

In September, MSI recorded a domestic sales of 88,801 units compared to 78,816 units in the year-ago period, registering a rise of 12.67 per cent, the company said in a statement.

Total passenger car sales in the domestic market rose by 3.43% to 68,957 units from 66,667 units in the corresponding month of last year, it added.

Sales of the company's mini-segment cars, which included M800, A-Star, Alto and WagonR, was up by 4.89% to 39,150 units.

Maruti Suzuki India said its equity shareholders and unsecured creditors have approved the scheme of amalgamation between the company and Suzuki Powertrain India.

The company also said that scheme of amalgamation is now subject to the final approval of the Delhi High Court.

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