Maruti Aims 20% Growth in Exports, Eyes New Markets

Published: 13th January 2015 06:04 AM  |   Last Updated: 13th January 2015 06:04 AM   |  A+A-

BENGALURU: Maruti Suzuki Limited (MSL) is aiming to clock 1.2 lakh units of exports in the current fiscal. Other auto makers in India have actively explored new markets for exports as the uncertainty in the domestic market continues with offshoots of growth.MSL is looking at Latin America, Africa and West Asia among other markets to export their vehicles. MSL has exported around 92,000 units in the first three quarters of the current fiscal. “We are likely to close the financial year with around 1.2 lakh units, a growth of around 20%,” an official from MSL was quoted as saying by agencies. Passenger cars grew 4.99% from April-December 2014. But car sales shot up 15.26 per cent in December 2014 at 1,52,743 units when compared to the year ago period. But this number is likely to see some pressure as the Union government has decided to roll back excise cuts from January 2015. In addition, automobile makers have also announced hikes from January 2015. Passenger vehicle exports grew 6.21%  from April-December 2014 period. 

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