Maruti Suzuki Expecting 10% Sales Growth

Maruti Suzuki is currently trading at Rs. 1372.75, up by 3.45 points or 0.25% from its previous closing of Rs. 1369.30 on the BSE. The scrip opened at Rs. 1378.50 and has touched a high and low of Rs. 1383.00 and Rs. 1371.40 respectively. So far 9286 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1428.20 on 16-Mar-2012 and a 52 week low of Rs. 905.55 on 19-Dec-2011. Last one week high and low of the scrip stood at Rs. 1389.50 and Rs. 1335.00 respectively.

Maruti Suzuki India (MSI), the country’s top car manufacturer, is expecting 10% sales growth in the second half of the current fiscal. The company is expecting this on the back of upcoming festive season. MSI’s sales growth in first half of this year was flat and with expectation of 10% growth in second half, the company anticipates that the overall growth should be in tune of about 5% for complete year.

Due to labor unrest MSI’s production capacity had taken a hit but with the situation normalizing it is expected to meet the market demand. The company at present is producing 1,400 vehicles per day and by the end of this month it will be about 1,600 units.

By November, the company expects it to be about 1,800 units. The company’s latest model ‘Alto 800’, a refurbished version of its biggest-selling small car, has already seen more than 10,000 bookings within a day of its launch. [ Via ]

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