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Maruti Suzuki looking at 12-15% growth this fiscal

05 Apr 2011 Evaluate

Maruti Suzuki India expects its sales growth to moderate to around 15 per cent this fiscal from nearly 25 per cent last fiscal. Maruti Suzuki's total sales soared 24.81 per cent to 12,71,005 units in 2010-11 from 10,18,365 units in the previous fiscal. Domestic sales increased by 30.08 per cent to 11,32,739 from 8,70,790 units in 2009-10.

The company reported its highest-ever monthly sales in March at 1,21,952 units compared with 95,123 units in the same month last year, a jump of 28.20 per cent. The company had announced an investment of over Rs 3,625 crore to set up two new plants with 2.5 lakh annual capacity each inside the Manesar facility. At present, Maruti Suzuki India, which is 54.2 per cent owned by Suzuki, has an annual capacity of 8.5 lakh units at its Gurgaon plant, while Manesar can produce 3.5 lakh units annually, with the overall capacity totalling 12 lakh units per year.crackcrack

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