Home Economy Maruti Suzuki grows 24.8 percent

Maruti Suzuki grows 24.8 percent


New Delhi : Automobile major Maruti Suzuki registered a 24.8 percent growth at 12,71,005 units sold during the financial year 2010-11 as against 10,18,365 units during the previous fiscal.

The company also recorded a growth of 30.1 percent in the domestic market by selling 11,32,739 vehicles. “It had sold 8,70,790 units in the domestic market during last fiscal,” the company said in a statement.

During this fiscal Maruti Suzuki completed the manufacture of a cumulative one crore vehicles.

The company also launched the new WagonR in April 2010 followed by Alto K10 with a K-series engine in August 2010, besides introducing CNG variants for its five models Alto, Eeco, SX4, WagonR and Estilo.

In February 2011, Maruti Suzuki introduced the new Suzuki Kizashi, India’s first luxury sports sedan and also launched SX4 with a super turbo diesel engine.

The company reported a 28.2 percent jump in total sales at 1,21,952 units during March this year against 95,123 units during the like period of 2010.

This included 11,528 units of exports.

Segment wise, the company’s A2 compact cars like Alto, Wagon-R, Estilo, Swift, A-Star and Ritz saw a 43.3 percent rise in sales which stood at 78,460 units against 54,763 units in the like period of 2010.

The sales of the company’s A3 sedan segment cars like SX4 and Dzire grew by 33.1 percent. The sales stood at 13,910 units as against 10,453 units in March 2010.

In the C segment, which consists of models such as Omni, Versa and Eeco, the company recorded a growth of 32.6 percent at 14,416 units as against 10,875 units in the like period of 2010.

The company also said it plans to build two new plants of 2.5 lakh units capacity each at Manesar in Haryana.

“With this fresh investment, Maruti Suzuki will be able to produce over 17 lakh units annually, by 2012-13. The total medium-term investment by the company stands at Rs.6,000 crore, inclusive of investment in these two new plants at Manesar,” added the statement.

At the Bombay Stock Exchange, the shares of the company stood up 1.14 percent to trade at Rs.1,278.