Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

Maruti Suzuki India aims to surpass the domestic industry's performance this financial year by selling two million vehicles, representing an 8.1 per cent increase. According to a report in The Economic Times (ET), the target was shared with the automaker's suppliers during a two-day vendor meet in Turkey, which began on Monday. The ET report further stated that the company's projected growth exceeds the auto industry body's sales guidance for FY25 by 350-500 basis points. Anticipating a slowdown in sales compared to the performance of FY24, where the industry surged by 8.45 per cent to reach a record 3.9 million vehicles, the Society of Indian Automobile Manufacturers (SIAM) has predicted a three to five per cent growth in passenger vehicle sales in India for the current financial year. The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume.