Auto major Maruti Suzuki on Friday said its sales are likely grow by 8-10 per cent this year,a sharp drop from 30 per cent growth witnessed last year.
“We lost production. Last year’s sales were abnormally good with 30 per cent growth. This year we are looking at a growth rate in the range of 8-10 per cent only,” company General Manager and Commercial Business Head (South) Manohar Bhat said.
He expressed hope that sales would pick up during the festival season.
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Maruti Suzuki is targetting monthly sales of 17,000 units of the new Swift model across the country by next year,Bhat said while launching the car in the Kerala market.
Earlier,on an average,12,000 units were being sold a month.
Maruti Suzuki plans Rs 6,000-crore medium term investment
Indore: Maruti Suzuki has planned a medium term investment of Rs 6,000 crore,part of which will be utilised to build vehicle stock yards in the country,within one to two years,a senior company executive said today.
“Maruti Suzuki has planned a medium term investment of Rs 6,000 crore for building of stock yards and manufacturing unit in the country,” Maruti Suzuki Chief General Manager (Marketing) Shanshank Srivastava said after launching the new version of ‘Swift’ here.
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India’s largest carmaker opened its first stock yard with a capacity to park 2,000 units in Bangalore,which recently became operational,he said.
The second yard would come up in Nagpur,while the locations for a few others are yet to be decided,he said,adding that Madhya Pradesh may house one of the yards.
Of the Rs 6,000-crore investment,Rs 1,800 has been spent on the second manufacturing unit of the company at Manesar near Delhi,which would be ready soon,Srivastava said.
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The third unit,which will also come up at Manesar,will attract an investment of Rs 1,900 crore.
Remaining funds would be utilised on a R&D facility at Rohtak (Haryana),stock yards and brand centres,he said.
The company envisages setting up 14 brand centres in the country to showcase its products,Srivastava said,adding that the locations are yet to be worked out.
Speaking after the launch of the new ‘Swift’,he said,Maruti Suzuki’s sale graph had risen sharply with nearly 12,000 units being sold per month in the country.
Swift enjoys 30 per cent market share in the premium hatchback segment,he added.