Maruti crosses the total sales mark of 50 lakhs in rural markets

Maruti crosses the total sales mark of 50 lakhs in rural markets

New Delhi: The country's largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 50 lakh total sales mark in rural markets of India. Maruti Suzuki India Limited (MSIL) in a statement said that with over 1,700 exclusive outlets in rural parts of the country, nearly 40 per cent of its total sales today come from rural markets. The company's total sales in the April-June period of the current financial year stood at 3,53,614 units.

Total sales in the financial year 2020-21 were 14,57,861 units, which was lower than the total sales of 15,63,297 units in 2019-20. Shashank Srivastava, Senior Executive Director (Marketing & Sales), MSIL said, “We are proud to announce that with the support of our customers and local dealer partners, we have crossed the 5 million mark in terms of total sales in rural India. '' 

He said, "Rural markets have a special place in the company's business. Over the years we have carefully studied the needs of this segment, we are committed to provide products and services tailored to the needs of the customers in rural India." '  


Foreign exchange reserves reached a new record, crossed the $ 612 billion mark

Foreign exchange reserves reached a new record, crossed the $ 612 billion mark

Mumbai: The country's foreign exchange reserves increased by $ 835 million to a record high of $ 612.73 billion in the week ended July 16, 2021. According to the data of the Reserve Bank of India, in the previous week ended July 9, foreign exchange reserves had increased by $ 1.883 billion to $ 611.895 billion.

According to the Reserve Bank's weekly data, the increase in foreign exchange reserves in the week under review is due to the increase in foreign currency assets (FCAs), which are a major component of the overall reserves. During this period, FCA grew by $ 463 million to $568.784 billion. Foreign currency assets, expressed in dollar terms, also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound and yen held in foreign exchange reserves. 

Gold reserves increased by $ 377 million
According to the data, during this period, gold reserves increased by $ 377 million to $ 37.333 billion. At the same time, the Special Drawing Rights (SDR) with the International Monetary Fund increased by $1 million to $1.548 billion. The Reserve Bank said that during the week under review, India's foreign exchange reserves with the IMF declined by $ 7 million to $ 5.1 billion.