Maruti Udyog Sales zooms 61.6% in February 2007 compared to last year

Maruti Udyog Ltd has announced that the Company posted domestic sales of 59,095 vehicles in February 2007, a growth of 61.6 percent over the corresponding month last year. During the month, the Company exported 3,904 units taking the total sales in February 2007 to 62,999 units.

The Company's total sales in February 2006 were 41,095 vehicles, including export of 4,487 units.

During the month, the Company's volume in the domestic A2 segment grew by 79.6 per cent and in the C Segment by 97.8 per cent compared to sales in February 2006.

In evaluating the Company's sales growth during February 2007, the following may be taken into account:

Low Base Effect: During February 2006, sales were generally restricted in anticipation of excise duty reduction on cars in the Union Budget for 2006-07. This reflected in a low domestic sales volume of 36,608 units for February 2006. In March 2006, the Company's domestic sales shot upto 61,141 units.

For that reason, a comparison of two month sales (February plus March) for 2006 and 2007 would give a more accurate picture of the growth performance.

The sale figures for February 2007 are given below:

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Segment	Models			For Feb			Till Feb April 05- 				
			2007	2006	%Change 2006-07	2005-06	%Change	March 06
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A1	M800		5955	6074	-2.0%	73104	78286	-6.6%	89223
C	Omni, Versa	8069	4079	97.8%	74430	57976	28.4%	66366
A2	Alto, Wagon-R,	
	Zen, Swift	42913	23897	79.6%	393307	297857	32.0%	335136
A3	Baleno, Esteem	1798	2288	-21.4%	27283	28204	-3.3%	31939
Total Passenger Cars    58735	36338	61.6%	568124	462323	22.9%	522664
MUV	Gypsy, Vitara	360	270	33.3%	2949	3574	-17.5%	4374
Domestic	 	59095	36608	61.4%	571073	465897	22.6%	527038
Export 			3904	4487	-13.0%	32079	32729	-2.0%	34784
Total Sales		62999	41095	53.3%	603152	498626	21.0%	561822
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Source : Equity Bulls

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