New Delhi: Buoyed by the highest-ever monthly sales that it achieved in January, car market leader Maruti Suzuki India (MSI) on Tuesday said it expects its sales growth for the ongoing month to be around 5-7%.
“In January, we closed the month with the highest-ever monthly sales and in the current month also we are expecting about 5-7% growth in sales,” Maruti Suzuki India Chief General Manager (Marketing) Shashank Srivastava said.
He said in order to meet increasing demand, the company had increased production in January and also in this month.
“We are currently producing in excess of our capacities in both Manesar and Gurgaon plants. The cars produced from Manesar — DZiRE, SX4, A-Star — are having a long waiting period amongst the customers and we are still trying to increase the production in the Manesar plant,” Srivastava added.
As the company looks to tighten its grip in the Indian market, he said MSI would be increasing its sales network.
“In the next 2-3 years, we are planning to increase the dealership network to 1,000 across the country from the current 600 dealers,” he said.
On the export front, he said for the January-March period, MSI has received export order for about 23,000 units of its latest model A-Star.
“Since the launch of the car (A-Star), we have already exported over 9,000 units,” Srivastava said.
Asked about how the company expects to close the current fiscal in terms of sales, he said: “For the current fiscal probably growth will be tough, but we hope to reach last year’s level.”
The company achieved total sales of 7,64,842 units for the 2007-2008 fiscal. It sold 71,779 vehicles in January 2009.