102.05 (0.70%) Maruti Suzuki India, country’s largest car maker, is planning to establish a new setup of retail outlets under Nexa brand to sell premium products starting with its upcoming S-Cross model. The company, which aims to sell two million units annually by 2020 with around 25 models, expects the Nexa network to contribute a significant amount to its sales and will open 100 dealerships under it in 30 cities by the end of FY16.
The company has registered a rise of 1.8% in its total car sales (Domestic + Export) for the month of June 2015 at 114,756 units, as against 1,12,773 units in June 2014. The company’s domestic sales rose by 1.6% in June 2015 at 1,02,626 units, as against 1,00,964 units in corresponding month last year.