PUNE: The country's biggest automotive maker Maruti Suzuki India plans to introduce round 4 new merchandise in the subsequent 12 to 18 months to construct additional on 5 years of successive double digit gross sales enlargement.
The company expects to near the continued fiscal with double digit gross sales enlargement. Its gross sales in the domestic marketplace during the April-December period grew by means of 15.5 per cent at 12,26,418 gadgets as in opposition to 10,61,873 gadgets in the year-ago period.
It will release the all-new model of its common hatchback Swift on the upcoming Auto Expo to be held from February 9-14.
According to assets, besides the new Swift, the corporate plans to introduce a new refreshed model of its mid-sized sedan, Ciaz and multiple objective car Ertiga in the coming months.
"An all new version of compact car Wagon R is also in the pipeline but its launch timeline hasn't been fixed," a supply said.
Maruti Suzuki India Senior Executive Director (Marketing and Sales) R S Kalsi, alternatively, declined to comment on the company's release programme for the following fiscal.
"That's a continuous process and we cannot comment on which one will come when," he informed PTI when requested in regards to the upcoming new product introductions out there.
Commenting on the company's efficiency in the ongoing fiscal, he said in the April-December period the corporate's gross sales have grown by means of 15.3 per cent however the enlargement rate will be lesser in the fourth quarter because of prime base impact of the year-ago period.
"We will end the year on healthy double digit growth... Last six years we have been growing more than the industry. The best part is that this will be the fifth year of double digit growth in a row, which is quite an achievement," Kalsi said.
He said the corporate has been in a position to sustain its enlargement momentum in the previous few years despite challenges of two consecutive droughts in lots of parts of India that had an affect on rural markets and coverage disruption equivalent to demonetisation and affect of GST implementation.
Currently the trade enlargement is at 8.13 per cent and MSI is confident that it would be ahead of the trade again, he added.
When requested in regards to the outlook for 2018-19, Kalsi said, "We expect the similar momentum to continue for the industry... We do not foresee any disruption".
However, for Maruti Suzuki, he said, "We are yet to present our budget to the top management, we are yet to work out our budget for next year. So, commenting on a number for next year will not be possible".
The company is confident that new merchandise like the upcoming Swift will help in adding extra volumes.
"On the first year of its launch Swift did one lakh units. Subsequent to that, the outgoing Swift has been selling on an average of 15,000 units a month. This (the new one) being many steps above that, we expect the market demand will be more than that," Kalsi added.
The company's mother or father Suzuki has spent round Rs 800 crore on the construction of the new Swift. The new car will so be produced at Suzuki's Gujarat plant along side Baleno, besides MSI's Manesar plant.
The company expects to near the continued fiscal with double digit gross sales enlargement. Its gross sales in the domestic marketplace during the April-December period grew by means of 15.5 per cent at 12,26,418 gadgets as in opposition to 10,61,873 gadgets in the year-ago period.
It will release the all-new model of its common hatchback Swift on the upcoming Auto Expo to be held from February 9-14.
According to assets, besides the new Swift, the corporate plans to introduce a new refreshed model of its mid-sized sedan, Ciaz and multiple objective car Ertiga in the coming months.
"An all new version of compact car Wagon R is also in the pipeline but its launch timeline hasn't been fixed," a supply said.
Maruti Suzuki India Senior Executive Director (Marketing and Sales) R S Kalsi, alternatively, declined to comment on the company's release programme for the following fiscal.
"That's a continuous process and we cannot comment on which one will come when," he informed PTI when requested in regards to the upcoming new product introductions out there.
Commenting on the company's efficiency in the ongoing fiscal, he said in the April-December period the corporate's gross sales have grown by means of 15.3 per cent however the enlargement rate will be lesser in the fourth quarter because of prime base impact of the year-ago period.
"We will end the year on healthy double digit growth... Last six years we have been growing more than the industry. The best part is that this will be the fifth year of double digit growth in a row, which is quite an achievement," Kalsi said.
He said the corporate has been in a position to sustain its enlargement momentum in the previous few years despite challenges of two consecutive droughts in lots of parts of India that had an affect on rural markets and coverage disruption equivalent to demonetisation and affect of GST implementation.
Currently the trade enlargement is at 8.13 per cent and MSI is confident that it would be ahead of the trade again, he added.
When requested in regards to the outlook for 2018-19, Kalsi said, "We expect the similar momentum to continue for the industry... We do not foresee any disruption".
However, for Maruti Suzuki, he said, "We are yet to present our budget to the top management, we are yet to work out our budget for next year. So, commenting on a number for next year will not be possible".
The company is confident that new merchandise like the upcoming Swift will help in adding extra volumes.
"On the first year of its launch Swift did one lakh units. Subsequent to that, the outgoing Swift has been selling on an average of 15,000 units a month. This (the new one) being many steps above that, we expect the market demand will be more than that," Kalsi added.
The company's mother or father Suzuki has spent round Rs 800 crore on the construction of the new Swift. The new car will so be produced at Suzuki's Gujarat plant along side Baleno, besides MSI's Manesar plant.
Maruti plans to launch four products in next 12-18 months
![Maruti plans to launch four products in next 12-18 months]()
Reviewed by Kailash
on
January 21, 2018
Rating:
