Maruti Suzuki Predicts Slow Growth for the Remaining Fiscal

Published On Nov 01, 2014 12:39 PM By Sourabh

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Maruti Suzuki India Ltd (MSIL) voiced concerns over the growth of Indian auto sector in the second half of the year. They expect the market to be slow as against the expectations of a rapid recovery of the automotive market. With a market share of about 46 per cent (approx), Maruti Suzuki registered near 29 per cent rise in its quarterly net profit which is from the fact that company saw a 15 per cent jump in car sales from April to September this year. 

Maruti Suzuki Swift

R.C. Bhargava, Maruti's Chairman, said that sales momentum was now slowing and growth in the fiscal year 2014-15 would average about 10 per cent. He quoted, "The situation of course is not as bright as many people hoped it would be at this point. We do not expect that the growth in sales of Maruti will be as high a percentage in the first half and this will slow down." 

Maruti Suzuki, the wholly owned subsidiary of Suzuki Motor Corp , said its net profit for the July-September quarter was 8.63 billion rupees ($140.37 million) compared with 6.70 billion rupees a year earlier.

The company recently launched the Swift facelift at Rs 4.22 lac while the diesel model LDi starts at Rs 5.56 Lac (Ex-showroom, Delhi). The updated Swift features push start button, reverse parking assistant, new front profile, premium interiors and 10 per cent higher fuel efficiency.

Maruti Suzuki Alto K10

The company has also confirmed the launch date of next generation Maruti Suzuki Alto K10 with AMT (Automated Manual Transmission) gearbox that is 3rd November, 2014. Booking of the most selling hatch has already started with an upfront payment of Rs 10,000. The company is also planning to introduce the Swift DZire facelift, though currently no dates have been announced. 

Source: Reuters

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