Alto sales zip past 35 L-mark

Alto sales zip past 35 L-mark

FPJ BureauUpdated: Wednesday, May 29, 2019, 11:45 PM IST
article-image

New Delhi : Maruti Suzuki India (MSI), the country’s largest carmaker, on Monday said its highest selling model Alto has crossed the 35 lakh cumulative sales milestone.

Brand Alto has clocked a growth rate of 6 per cent in 2017-18, MSI said in a statement, adding that it has garnered a market share of 33 per cent in the ongoing fiscal.

The Alto has been the highest selling car in the domestic market for the past fourteen years, it said.

“In 2017-18, nearly 55 per cent of customers have selected Alto as their first car purchase. Interestingly, 25 per cent of Alto buyers are buying it as an additional car,” MSI Senior Executive Director (Marketing & Sales) R S Kalsi said. Nearly 44 per cent of Alto sales contribution comes from young customers less than 35 years of age.

RECENT STORIES

'Jwalamukhi Fatchuka Hai': Real Estate Agent Ravi Kewalramani Accuses Chandak Group Of Withholding...

'Jwalamukhi Fatchuka Hai': Real Estate Agent Ravi Kewalramani Accuses Chandak Group Of Withholding...

Edelweiss Mutual Fund Launches Nifty Alpha Low Volatility 30 Index Fund

Edelweiss Mutual Fund Launches Nifty Alpha Low Volatility 30 Index Fund

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating