INSUBCONTINENT EXCLUSIVE:
Maruti Suzuki, struggling with flat sales in the past five months, has cut its sales target for the year to 8 per cent from the earlier
that in the last two pre-election years, sales always fell
However, sales rose by a quarter to 1,883,755 units and by 4 per cent to 2,601,111 units during the election years 2009-10 and 2014-15,
respectively.
Bhargava said sales growth this year has also been affected due to the absence of a new model in the volume segment
With a new vehicle lined up for launch at the start of 2019, Maruti expects to capitalise on the potential demand and grow wholesale volume
aggressive retail sales target for December
We expect to achieve that target
cent in first quarter of the ongoing financial year, post which an increase in fuel costs, interest rates and insurance costs dampened
said that with the company receiving 23,000 bookings for the new Ertiga since its launch late last month, and a new model scheduled for
introduction in January 2019, growth should pick up in the fourth quarter of the financial year.
Separately, Bhargava said the company would
stop production of majority of its BS IV-compliant vehicles from December 31, 2019 as part of preparation for the transition to BS VI
Production of majority of the existing BS-IV models will come to a stop by December 2019
By and large, BS-IV vehicles will be produced only on demand from customers from December 2019, or in case the company feels that it can
to shift its plant in Gurugram
considering an alternative location only within Haryana and not in other states, considering the presence of its supplier base in the
