Maruti Suzuki Plans Big For The New Financial Year

By vicky.in

Published: Tuesday, April 5, 2011, 12:14 [IST]

Indian car giant Maruti Suzuki claims that the company seeks to derive a sale growth of 15% during the new financial year. To be accurate, the company"s Chairman said that the company anticipated 12-15% sale growth in the production as well in the auto industry in general. The comparative sale rise in the bygone fiscal was 24.81% (1271005 units) against 1018365 units sold in the FY 2009-10. During the same periods, the sale in the domestic market was 1132739 units in the last fiscal against 870790 units in the previous fiscal. He said the growth rate would not be as much as (25%) in the last fiscal and he said Maruti Suzuki does not expect to reach that much during this every financial year.

During the last FY, the sale of highest volume was in March with 121952 units against 95123 units in the same period of 2010. This accounted for a rise of 28.20%, he added. He made it clear that the developments in the construction of the second plant in Manesar are on full swing and Maruti Suzuki tries to reduce the time span. He said it would be ready by this September and it would be a partial completion of the total project. For erecting two facilities in the Manesar plant, Maruti Suzuki has so far invested Rs3625 crore and the plants will be able to deliver 2.5 lakh annual units each. Maruti Suzuki has the share ratio of 54.2% owned by Suzuki and the current annual capacity of the Gurgaon plant is 8.5 lakh annual units and the Manesar facility delivers 3.5 lakh units taking the toll to 12lakh annual units. In the meanwhile the company was able to ramp its production by 1.1 lakh per month from October last and this could make the net total to 14 lakh units during this FY.

Article Published On: Tuesday, April 5, 2011, 11:34 [IST]

Read more on: #auto news #automobile #maruti suzuki

More from DriveSpark