Its tumbling records out of Maruti’s closet. First, it was theMaruti Suzuki Alto, which outsold any other car in the world in 2010. Now, Maruti Suzuki, India’s largest car maker, has kept the flag flying high as it recorded one million mark in the first ten months of the financial year. This is a record that Maruti wants to repeat every year in succession, while other carmakers can just hope to reach that peak.
Maruti Suzuki sold 927655 cars during April-December 2010. This figure comprises of both the domestic and exported units. While the numbers stood at 73,874 units as on January 25th this year, that too without export units. This magical number accounts for the one million in the single financial year, said a Maruti official.
The cumulative export volume for the same period of ten months stood at 10,01,529 units. Maruti’s contribution to the global volume is more than 50 per cent and the net sale volume for 2009-10 is 10,18,365 units.
The current fiscal too is promising with more volumes especially during October and November with the monthly volume of domestic sale crossing one lakh units. Maruti is erecting its third plant at its Manesar facility to deliver the demand.
The Manesar facility has the capacity of 2.5 lakh annual units and the investment has been Rs 1925 crore. The second plant was installed at an investment of Rs 1700 crore with the annual capacity of 2.5 lakh units. This second facility will be operational from the next year while the third facility slated for late 2012 or 2013. Maruti shares 54.2 per cent in Suzuki with the Gurgaon facility yielding 85000 units and Manesar facility 350000 annual units making the net tally to 12,00,000 annual units.