Business IdeasMaruti expects double digit growth in next few months
The country"s largest car manufacturer, Maruti Suzuki India, is expecting a double digit growth over the next few months.
- India to seal defence pact with Maldives - OilMin pledges support for NTPC in legal fight with RIL - Jaipan to raise production by 50% - Centre to spend 25,000 cr for dev work in minority constituency - Dhanalakshmi bank trims deposit rates - Infy"s Narayana Murthy to join NPCI board as non-exec Chairman
"Our sales have been growing. We see the next two-three months are good months. Definitely to grow by double digit", Maruti Suzuki India Chairman R C Bhargava told reporters here.
He said the sales had been growing since December 2008. "December 2008-July 2009 are great months."
However, Bhargava was cautious whether this trend would continue. He said the company was not forecasting anything beyond the next four months. "It is because there are so many global and national uncertainities. We don"t know what"s going to happen."
On their sales performance in rural areas, he hoped there would be a "marginal" increase in sales this year.
"As far as we are concerned the way we are growing it is going to be "marginal" (in rural areas). Likely by 3-5 per cent", he said, adding the total sales in small towns was at 12-13 per cent.
Maruti Suzuki India reported a 33.36 per cent jump in sales at 78,074 units in July 2009. It had sold 58,543 vehicles in the same month last year.