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Maruti Suzuki targets double-digit growth for the year 2018

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In spite of Facing flat sales in July, the Delhi based automobile manufacturer Maruti Suzuki which is the country’s largest car maker said that this financial year the company will achieve the double-digit growth.

As per the recent reports, the company faced a drop of 0.6 percent in domestic sales of passenger vehicles in the previous month as compared to the same month in the year 2017 when GST was implemented in the country.

Addressing the media R S Kalsi, senior executive director, Maruti Suzuki India, said, “Demand is in place and customers are coming forward. Some bit of seasonality happens in India — monsoon season, cities are flooded — but otherwise, the demand story is fine. The waiting period is two-three weeks on Swift and Dzire, while it is four weeks for Baleno. Production is ready to support the guidance of double-digit growth announced by the company.”

As per the reports, the company sold 153,298 units in the month of July last year as compared to the 152,427 units that were sold last month. Opponents such as Hyundai faced a growth of one percent while Mahindra & Mahindra and Toyota went through a drop of six percent and twenty-three percent respectively in the previous month.

Besides this, Tata Motors and Honda came out as the players in the market with a growth of 14 and 17 percent respectively. All the growth credits of the respective companies go to their new models such as Tata Nexon and Honda Amaze.

“Though growth in percentages is flat, it is a highly deceptive figure to go by. Maruti’s volume is more than 1.52 lakh, which is a very high volume by any standard. It is also that this growth is coming on a high base of last year’s July. And last year June sales were low when we sold 1.34 lakh vehicles and still we had a growth of 45.5 percent. June and July sales have to be put together to see the correct picture and the growth there comes to 17 percent,” added Kalsi.

Our sources have reported that Maruti Suzuki, this month is coming up with it’s facelifted Ciaz, thereby replacing its old model.

The new facelifted Ciaz that will be launched this month will compete against Honda City and Hyundai Verna.

Regarding the launch of the new model of the Ciaz, the company is looking forward to destock the old models of the sedan from its channels before dispatching the new version.

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