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Maruti Targets Second Year of 11% Growth
Maruti Suzuki India Ltd., whose sales rose 11% to a record 1.17 million units in the fiscal year ended March 31, expects another 11% gain to about 1.30 million in the new year, sources tell The Economic Times.
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Maruti Suzuki India Ltd., whose sales rose 11% to a record 1.17 million units in the fiscal year ended March 31, expects another 11% gain to about 1.30 million in the new year, sources tell The Economic Times.
Last year's growth compared with a 4% expansion to 2.6 million units for the overall Indian car market.
Maruti Suzuki won't confirm this year's target. But Chairman RC Bhargava says he expects double-digit growth that again outpaces the market. He points to favorable economic conditions and new products that will include a small commercial vehicle, a premium hatchback and the company's first SUV.
The Times says Maruti Suzuki's production target this year is 1.39 million-1.44 million vehicles, including units for export.
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