Confident of double-digit sales growth, says Maruti Suzuki - The Financial Express

Confident of double-digit sales growth, says Maruti Suzuki

The countryu0027s largest carmaker, Maruti Suzuki India, which enjoys a 45% market share in the passenger vehicle segment, is confident of achieving double-digit growth in sales this financial year.

By: | Updated: March 21, 2016 12:29 PM

The country's largest carmaker, Maruti Suzuki India, which enjoys a 45% market share in the passenger vehicle segment, is confident of achieving double-digit growth in sales this financial year. “If you see sales in the first quarter, we have grown by 13%, which is quite robust growth and we are committed to double-digit growth for the year. Our story for the year is intact,” Maruti Suzuki's executive director RS Kalsi told FE on Tuesday.

“I would say growth has not slowed down. Our's is a country that has many seasonalities. Sometimes there are rains and people would not like to buy a brand new car and drive it through the mud, that's the seasonality factor,” he said, adding that both urban as well as rural markets are showing growth.

The company sold 1,02,626 units in June as against 1,00,964 units in the same month last year, up 1.6%. In April-June, the company sold 3,41,329 units, 13.8% higher than the 2,99,894 units sold during the period in 2014-15. Maruti Suzuki's domestic sales in the last fiscal (2014-15) stood at 11,70,702 units, up 11.1%, from 10,53,689 units in 2013-14.

Kalsi said the company will have a “competitive” price for its upcoming crossover, the S-Cross. “We have been providing customer-friendly pricing. And for the first time we will offer a powerful diesel engine (320Nm, powering the S-Cross). Competitive pricing is in our DNA,” he said.

On Tuesday, Maruti also announced the finale of Supra SAE India 2015, a platform that encourages engineering students to conceptualise, design, fabricate and run a Formula prototype car. It will be held at the Chennai Motor Race Track from July 15-19.

Union leader to reply to company notice

Maruti Suzuki and its workers’ unions have agreed to conduct a speedy inquiry into the incident wherein a union leader allegedly slapped an officer in the company's spare parts division. Production at all plants continued normally.

For now, the union official will remain suspended till the inquiry is completed and he has been served a notice and asked to reply to it, a union official said. The decision was taken in a meeting between the management and four unions — Gurgaon Plant, Manesar plant, Maruti Powertrain and Suzuki Motorcycles. The union leader who has been suspended, Kuldeep Janghu, said no physical assault had taken place.

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