Never say never: Maruti wants another year of double-digit growth in sales

India’s biggest carmaker Maruti Suzuki, which ended the last fiscal on a good note, has decided to continue treading uphill, with plans of another year of double-digit growth. The reasons that support this decision could be the forecast of a good monsoon, seventh pay commission for government employees, and declining fuel prices and interest rates.

It was only a few days back that the auto maker had announced its decision to add more cars to its fleet. This determination is surely going to be a confidence booster for the automobile market of India.

Because of this double-digit growth, the overall passenger vehicle market expanded 7% last fiscal, which would have been just 2-3% excluding Maruti’s numbers.

Maruti is planning for a 9% increase in production and about 10-11% growth in domestic sales in this fiscal, as confirmed to ET by several vendors knowing the plan. These vendors are told the plans so that they can keep pace with the production schedule.

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