Maruti eyes 10 percent sales growth in second half of FY13
The auto major, which was hit by massive labour unrest at its Manesar plant in Haryana, posted flat sales during April to September, the first six months of the financial year, as petrol prices rose. Most of Maruti's top models are petrol-fuelled.
The company, however, expects that the availability of its diesel vehicles would be better when production at Manesar plant "returns to normal" by November this year.
"In the first half (of 2012-13) sales were flat. As the festive season is coming, we expect the volumes (of sales) would be better. Our expectation is that in the second half, the growth will be 10 percent," Maruti Suzuki India Ltd vice president (parts and accessories) Amitava Roy told reporters here Tuesday evening.
"Overall, we will be able to grow about five percent in the financial year," Roy said.
Maruti, however, had earlier projected 10 percent sales growth for the entire fiscal.
The Delhi Police is likely to conduct more raids in connection with the IPL spot-fixing scandal. Teams of the Delhi Police's special cell have been sent to Mumbai, Ahmedabad, Hyderabad, and Kolkata to conduct searches and track the money trail in the IPL spot-fixing case.
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