India’s largest automobile manufacturer Maruti Suzuki India (MSI) expects its exports to witness a decline in the fiscal 2012-13 due to the continued sluggish sales in global markets. Mr. R C Bhargava Chairman MSI has stated that the exports are likely to be similar to 2011-12 or may even decline further.
The exports of the company in the fiscal 2011-12 declined by 7.9 percent selling 1,27,379 units to global markets such as Europe, Middle East, South Asian markets and Latin America.
However, the company expects its overall sales to grow by 10 percent with help from the growth in domestic sales especially that of diesel powered cars. According to the forecasts, the company is likely to sell 1,50,000 diesel cars in 2012-13. On the other hand, it expects petrol car sales to fall by almost 50,000 units, says Mr. Bhargava.
In terms of total annual sales, the company has sold 11,33,695 units in 2011-12 in comparison to 12,71,005 units in 2010-11, a decline of 10.8 percent.
