Home / Business / Maruti crosses one million mark in 10 months this FY

Maruti crosses one million mark in 10 months this FY

New Delhi: The country’s largest carmaker Maruti Suzuki India, which became the first company in India to sell one million units in a single year last fiscal, has already crossed the milestone in just ten months this financial year.

During the April-December this fiscal the company sold a total of 9,27,655 units, which includes both domestic sales and exports.

“As on January 25, domestic wholesales are at 73,874 units, while the export figures will be compiled at the end of the month. Even then, we have already crossed the one million mark for this fiscal,” a senior Maruti Suzuki India (MSI) official said.

Cumulatively, without the January export figures, MSI’s total sales in the April-January period stands at 10,01,529 units. At present, MSI contributes over 50 percent to parent Suzuki Motor Corp’s total global sales volume. In 2009-10 fiscal, MSI’s total sales stood at 10,18,365 units.

In the ongoing fiscal, MSI has posted good sales numbers despite having production constraints. For two consecutive months in October and November, its domestic monthly sales had crossed the one lakh units mark.

In order to meet the rising demand, the company is now setting up a third plant with a capacity of 2.5 lakh units annually at its Manesar facility at an investment of Rs 1925 crore.

The company has already set up a second plant there at an investment of Rs 1,700 crore, which will also have an annual capacity of 2.5 lakh units.

While the second plant at Manesar will be operational by January 2012, the third one is expected to go on stream by late 2012 or early 2013.

At present, MSI which is 54.2 percent owned by Suzuki, has an annual capacity of 8,50,000 units at its Gurgaon plant, while the first plant at Manesar can produce 3,50,000 units annually, with the overall capacity totalling 12,00,000 units per year.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Pinterest