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Maruti Suzuki Expects 15 Percent Sales Growth this Fiscal

By Motortrend India Staff   |   04 April,2011

Maruti Suzuki India has said that it expects the sales to grow at around 15 per cent this fiscal from nearly 25 per cent last fiscal.

“We are looking at 12-15 per cent growth during this fiscal, both for the company and the industry,” Maruti Suzuki India (MSI) Chairman R C Bhargava said on the sidelines of a summit by International Centre for Automotive Technology (ICAT)).

Maruti Suzuki’s total sales increased 24.81 per cent to 12,71,005 units in 2010-11 from 10,18,365 units in the previous fiscal. Even the domestic sales increased by 30.08 per cent to 11,32,739 from 8,70,790 units in 2009-10.

“I don’t think, we will continue at 26-27 per cent growth rate in this fiscal. We cannot have such as high growth rate every year,” Bhargava said.

When asked about the progress made in construction of its second manufacturing unit inside the Manesar facility, Bhargava said: “We are trying to cut short some steps to commission the plant as early as possible. We will try to open it around September this year. It may not be the entire plant, but some portion of it.”

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