India's biggest car maker, Maruti Udyog Ltd, said on Wednesday it sold 57,909 vehicles in July, up 25 per cent from 46,408 vehicles sold in the same month last year.
Maruti, 54.2 per cent-owned by Japan's Suzuki Motor Corp, sold 52,839 units in the domestic market, up 18 per cent from 44,653 units a year earlier.
Maruti, which is changing its name to Maruti Suzuki India Ltd., exported 5,070 units, up from 1,755 units last year.
The Government on Monday said it will sell its residual 10.27 per cent stake in car maker Maruti next fiscal.
"The Government has decided to do it in the next (financial) year,'' the Finance Minister, Mr P Chidambaram told reporters here. Sources attributed the decision to uncertain stock markets.
"The financial bids for the government's remaining shares in Maruti will be invited next year,'' the sources said. They, however, said the disinvestment process would be completed in the first half of 2007-08 itself.
Read more at The Hindu Business Line
