Maruti Suzuki India, which had, in the last financial year become the first company in India to sell one million units in a single year, has, this financial year, recorded the feat in just 10 months. During the April-December period of this financial year, the company sold a total of 927,655 units, which includes both domestic sales and exports.
“As on January 25, domestic wholesales is at 73,874 units, while the export figures will be compiled at the end of the month. Even then, we have already crossed the 1-million mark for this fiscal,” said a senior Maruti Suzuki India (MSI) official.
Cumulatively, without taking into account the export figures for January, MSI’s total sales in the April-January period stand at 10,01,529 units. Currently, MSI contributes over 50 per cent to parent Suzuki Motor Corp’s total global sales volume. In the 2009-10 financial year, MSI’s total sales stood at 10,18,365 units. In the current financial year, MSI has posted good sales, despite production constraints. In the two consecutive months of October and November, the company’s domestic monthly sales had crossed the 100,000 mark.
In order to meet the rising demand, MSI is now setting up a third plant, with a capacity of 250,000 units per annum, at its Manesar facility, with an investment of Rs 1,925 crore. The company has already set up a second plant at Manesar, with an investment of Rs 1,700 crore. This plant will also have an annual capacity of 250,000 units. While the second plant at Manesar will be operational by January 2012, the third is expected to go on stream by late 2012 or early 2013. Currently, MSI has an annual capacity of 8,50,000 units at its Gurgaon plant. While the first plant at Manesar can produce 3,50,000 units a year, the overall capacity stands at 12,00,000 units a year.