Wednesday, September 30, 2009

Maruti Suzuki Expecting about 30% up in September Sales

Maruti Suzuki has been experiencing huge domestic sales in September, the month of festival. Eid and Durga Puja, two most significant religious festivals in India, were celebrated in September. So, it is natural that the demand would be high. However, the demand was even beyond the expectation of the car maker. Maruti Suzuki had to struggle to contend with the demand. In fact, the domestic demand of the company in September could be around 70,000- 71,000 units.

The largest carmaker of India, Maruti Suzu, is now thinking about increasing its 10-lakh yearly production. However, the strong domestic demand could be halted by a likely increase in interest rates on bank loan for cars.

India has a one of the fastest growing car market in the world, but the market went through a tough phase during the recent economic recession. However, now it seems that the market looks pretty much lucrative with a number of foreign car makers entering into the low-cost small car segment of Indian car market.

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Business Standard