Asia Bizz: Indian auto giant Mauti Suzuki revealed on April 5, 2012 that it expects a ten percent growth in the sales of passenger cars this financial year, as a result of the huge demand of diesel versions in India. Maruti has entered a new segment of SUVs in the Indian market this year.
RC Bhargava, the chairman of Maruti Suzuki told reporters that they expect a ten percent growth and with regards to the industry, they expect a growth of around 4 to 5 percent. On the sidelines of Hero Mindmine Summit in New Delhi, Bhargava added that they look forward to the sales of 1.5 lakh diesel cars.
The sales of petrol cars will go down by 50,000 for the entire year for the Indian automaker. Recently, the company had reported a fall in its total sales, including the exports for the year 2011 -12, by 10.8 percent. There was a downfall of 1,133,695 units from 1,271,005 in the earlier financial year. Some of the major reasons for the downfall of the figures include labour problems in one of the plants, slower demand due to high cost of credit, rising petrol prices and competition from other auto makers in the market.
