Maruti Suzuki News: The country’s leading car company Maruti Suzuki India, MSI (Maruti Suzuki India, MSI) is expected to keep its sales pace higher than the domestic passenger vehicle industry. A senior company official said strong demand for Maruti’s models, especially in the SUV segment, will keep the sales momentum going. The company expects the overall passenger car market to grow by five to seven percent in the current financial year.
Growth will be higher than other companies
Maruti’s senior executive officer (marketing and sales) Shashank Srivastava said that passenger car industry sales will be 40.5-41.3 lakh units in the current financial year. “We did not revise our estimates at the beginning of the year,” Srivastava said. We said that the growth of the industry will be between 5-7 percent and our growth should be higher than that of the industry. He said that the company’s growth in the first quarter was 12.2 percent, while the industry’s growth was about 9.5 percent.
Demand for Maruti cars has increased
Srivastava said demand has remained very strong so far in the current financial year and the April-June period was the best quarter for the industry. Going forward, we believe volume-wise growth will continue as bookings remain strong, but growth may slow due to base effects, he added. He said that sales in the second quarter of last year were 10.2 lakh units which was the best quarter in the history of passenger vehicles. Srivastava said it would not be right to expect much growth in such a situation.
Ertiga, Brezza, XL6 waiting period is longer
When asked by PTI about the company’s preparations for the upcoming festive season, he said the company aims to increase production and reduce waiting time on models like the Ertiga, Brezza and XL-6 while easing the semiconductor crisis. At the moment Maruti has to deliver around 3.62 lakh vehicles.
