Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Maruti aims for 10% increase in sales network in FY19
BackBack

Maruti aims for 10% increase in sales network in FY19

Maruti Suzuki India (MSI), which currently has a network of around 2,625 dealerships across the country, is also aiming for a double digit growth in the current fiscal

Maruti Suzuki India would add outlets under its various retail channels like Nexa and Arena. Photo: Ramesh Pathania/MintPremium
Maruti Suzuki India would add outlets under its various retail channels like Nexa and Arena. Photo: Ramesh Pathania/Mint

New Delhi:The country’s largest carmaker Maruti Suzuki India (MSI) aims to expand its sales network, including dealerships of its light commercial vehicle (LCV) Super Carry, by at least 10% this fiscal, according to a top company official.

The company, which currently has a network of around 2,625 dealerships across the country, is also aiming for a double digit growth in the current fiscal. “We are continuously increasing our sales network. This fiscal we plan to increase the number of outlets by at least 10%," MSI Senior Executive Director, Marketing and Sales, R S Kalsi said.

The company added around 350 sales outlets in 2017-18, he added. The company would add outlets under its various retail channels like Nexa and Arena, besides enhancing the network for its light commercial vehicle Super Carry, Kalsi said.

The company sold over 10,000 units of its LCV Super Carry from over 100 outlets last year. Kalsi said Super Carry sales would be even better this fiscal with network in place across the country. Commenting on the sales outlook for the current fiscal, Kalsi said that with various macro economic factors in the positive zone, the company expects to again achieve a double digit growth this fiscal.

“Macro economic factors seem to be positive, GDP growth forecast is on the higher side and there are expectations of a good monsoon, so all these factors will be contributing positively towards the market sentiment and we are confident that we will be able to do double digit growth this fiscal as well," he added.

The company sold a total of 16,53,500 units in 2017-18, a growth of 14.5% over 2016-17. On new product launches he said the company would introduce 5 new products over the next 2 years.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 29 Apr 2018, 12:55 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie