Maruti sees hike 15 percent in sales

Maruti Suzuki, the biggest auto mobile maker form India said that the Indian based auto company expects a sales growth of 15 per cent for this financial year. When compared with the last financial year's growth it was 25 per cent.

R C Bhargava, the Chairman at MSI said that for this fiscal year the Indian car firm is visioning at 12 to 15 per cent of growth. Maruti India accumulated sales went upto 24.81 per cent which was 12,71,005 cars in 2010-11 from the previous years 10.18,365 cars. The Indian car sales observed a hike of 30.08 per cent from 8,70,790 cars in 2009-2010 to 11,32,739 cars in the 2010-11.

As per Mr Bhargava the company will not be able to achieve the same growth rate for the ongoing financial year. The Indian car company registered the highest monthly sales ever in the month of March which was 1,21,952 cars against 95,123 cars in March last year.The company is progressing fast with the second manufacturing unit, Maruti has cut short few steps and plans to begin with the plant by September. Probably not all of it however, some part will be open. MSI declared an investment of Rs 3,635 crore to establish two new units which will have a year;y capacity of 2.5 lakh units in its Manesar unit.