Maruti Feb sales up 53 pc at 62,999 units

New Delhi, Mar 1 (UNI) Country's largest car maker Maruti today said it has sold 62,999 vehicles in the month of February, posting an increase of 53 per cent from 41,095 units a year ago.

The company sold 59,095 vehicles in the domestic market in February 2007, up 61.6 per cent from 36,608 units during the corresponding period last year. While, the exports fell 13 per cent to 3,904 units from 4,487 units a year earlier.

Sales were generally restricted during February 2006 due to anticipation of excise duty reduction on cars in the Union Budget for 2006-07, a company statement said.

Meanwhile, Maruti Udyog Limited yesterday said it would raise prices of its vehicles from March 15. It had earlier raised prices by up to 12,000 rupees from February 1.

UNI