Maruti Suzuki India Limited (MSIL), the largest car maker in the Indian market, stated on Sunday that it is expecting to register more than 25 per cent growth to Rs 38,000 crore in its sales revenue in the current financial year.
Mr. Ajay Seth, Maruti Suzuki India (MSI) chief financial officer, said on Sunday, "The demand has been very good so far. In the first three quarters, our income grew very strongly. For this quarter, we will have to see February and March, but it will be more or less the same. Our sales revenue will obviously grow over 25 per cent this fiscal.”
While answering a query, he further added, "The industry has projected a volume growth of 12-14 per cent in passenger vehicles segment. Our performance will be in-line with that of the industry."
The company had registered total revenue of Rs 30,119.77 crore in financial year 2009-10. In the first three quarters of current fiscal, the company’s total sales revenue has already crossed Rs 27,310.35 crore mark, accounting a 26.33 per cent increase over the same period previous year.
"We will have to consider some factors in next fiscal such as a possible excise duty hike in the Budget, liquidity condition, interest rates' movements and rising commodity prices," Mr. Seth added.
