Sunday, February 7, 2010

Maruti Clocks a Sharp Growth in Car Sales on January

Leading automobile major Maruti has clocked a record growth in car in January this year and has cited an increase of 33 percent over the previous month. The impressive numbers clocked by Maruti comes at a time when the automobile industry is preparing itself for a high growth seasons with most analysts predicting huge sales in coming months for most major vendors.

Though Maruti has done wonderfully well in its domestic market, it exports too has sharply risen to 14,500 in January and this also serves as an indicator that Indian made small cars are increasingly finding acceptability across world markets. Apart from Maruti many other automobile manufacturers in Indian including the likes of Tata Motors and Mahindra are looking to tap the export market which has over the years become more receptive to Indian brands which offer a good option of affordable price and standard quality.

It is also important to note that the robust revenues clocked by Maruti is adding to the bottom-line of its parent company, Suzuki Motor Corporation. The Japanese small car behemoth has announced a 18 billion yen for its third quarter and it owes a great deal of this growth to Maruti. In order to tap into the increasing demand for its cars, Maruti has firmed up plans to spruce up its production capacity and it aims to manufacture more than a million cars this fiscal, which if achieved would be a landmark figure for the company.



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