Maruti Suzuki Predicts 10%-Plus Sales Growth

Maruti Suzuki India Ltd. expects its sales to grow by double digits in the fiscal year that begins April 1. The company predicts India’s overall passenger vehicle market will expand 5%-10%.

New models will drive the increase, CEO Kenichi Ayukawa tells reporters in New Delhi. He says new taxes on diesels have not impacted sales to date but concedes the long-term impact is unclear.

Maruti Suzuki, India’s largest carmaker, increased sales in the first 10 months of the current fiscal year 10% to 1.30 million units.