Maruti Suzuki India Ltd., the largest car maker in the Indian market, said on Monday that it is expecting its sales growth rate to dip to around 15 per cent this fiscal as compared to 25% growth registered in the last fiscal.
While speaking to the reporters on the side lines of a summit by International Centre for Automotive Technology ( ICAT ), Maruti Suzuki India (MSI) Chairman R C Bhargava told reporters, "We are looking at 12-15 per cent growth during this fiscal, both for the company and the industry."
In March 2011, Maruti Suzuki registered its highest ever monthly sales of 1,21,952 units as against to 95,123 units in the same month last year, accounting for a jump of over 28 percent.
In the last fiscal, the total sales of Maruti Suzuki stood at 12,71,005 units as compared to 10,18,365 units sold in the preceding fiscal, accounting a 24.81 per cent growth. In the domestic market, the company registered a 30.08 per cent growth to 11,32,739 during last fiscal from 8,70,790 units sold in 2009-10.
While further elaborating company’s expectations in the current fiscal, Mr. Bhargava said, "I don't think, we will continue at 26-27 per cent growth rate in this fiscal. We cannot have such as high growth rate every year."
