New Delhi, Aug. 1 -- Following the continued slowdown in the economy and tightening of credit norms by financial institutions, domestic wholesales of Maruti Suzuki India Ltd-- the country's largest passenger vehicle manufacturer-slumped 36.3% year-on-year in July to 98,210 units. This is the sharpest decline in wholesales that the company has witnessed in the last two decades.
In the corresponding month last year, the company sold 154,150 units.
Domestic vehicle manufacturers are expected to report sharp decline in sales in July due to the overall slowdown and because of the high base effect of the first half of last fiscal.
For Maruti, sales in the compact segment, which includes best sellers like the Swift, Baleno, Dzire, and Wagon R, ...