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Automobiles

Maruti Suzuki suffers worst monthly sales fall in seven years in July

India's biggest carmaker's sales drop 34% amid worsening demand slowdown

Workers assemble a car at the Tata Motors plant in India: A downturn gripping the automobile industry worsened due to a spiraling credit crisis.   © Reuters

MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's top carmaker, suffered its worst fall in monthly sales in seven years, as a downturn gripping the automobile industry worsened due to a spiraling credit crisis.

The Suzuki Motor unit's total sales including exports slumped 34% on-year to 109,264 vehicles last month, the company said in a statement on Thursday. Domestic sales of Maruti's cars, minivans, and sport-utility vehicles fell more than 35% to 100,006 units, while exports slipped 9.4% to 9,258 units.

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