Asia Bizz: Indian auto giant Maruti Suzuki revealed on April 2, 2012 that its sales in the month of March 2012 reached record high. The company informed that it faced a high demand for the hatchbacks which resulted in sales skyrocketing in 2012 Q1.
Maruti Suzuki revealed that the sales went up to 3.3 % to 125,952 vehicles, which is a third straight monthly; the full financial year till March 31, 2012 saw the sales of the company fall nearly 11% to 1,133,695 units.
Between the months of June and October 2011, Maruti Suzuki lost production of 106,000 vehicles between June and October due to labour disputes in one of the plants of the company producing the best selling model Maruti Suzuki Swift.
The sales of hatchbacks like the Swift, Estilo and Ritz were the strongest and even the larger car DZire, and its utility vehicles sold well. The Indian market has been one of the fastest growing car markets in the world in the recent years. But the demand slowed down in the year 2011 as many of the buyers took back their decisions to buy cars due to rising fuel prices and costly loans. The demand has picked up pace as the inflationary effect has started to slow down.