Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.