Click it and Unblock the Notifications
Maruti Suzuki Premier Model Revamp
He said if the net volume of Maruti car sale in another 5 years grew by 40-50 lakhs then there would be grave future but the company is taking all efforts to get hold of the market share. He said the situation would become too difficult in the condition that the growth might be by 60 lakh units per year.
With the refined version of Maruti Swift slated for 2011, the company is engaging itself to launch of Maruti MUV during the end of the same year to fill the void left by it in this segment. The segment, which is securing 18% market share, is currently dominated by the global players like Toyota (Innova) and M&M"s Bolero. To increase the production capacity to 17.5 lakh annual units in another three years, Maruti is investing Rs3750 crore for expanding its Manesar facility.
In another move, the redefining of Maruti premier model Swift will be allocated exclusively to Gurgaon plant from July 2011. The target for the current fiscal is to reach the sales growth rate of 30% in the domestic market based on the last year"s sale volume of 8.7 lakh units, said the company"s Executive Officer for sales and marketing.
Continue with Google