Maruti’s big ambitions for 2011

Maruti Suzuki India Limited have lofty ambitions from the year 2011. India’s largest car manufacturer has infact said that they expect sales revenue to be as high as 25% more than what was achieved last year. The figures that would come in this context are Rs 3800 crores.

Maruti has been facing the heat due to the increasing number of competition. They have to fend off Tata, GM, Hyundai and now even Ford in the small car department. As of now, Maruti have achieved 27% growth this fiscal however chances are that this growth would be slowed down due to the increase in car prices as expected in the budget.For the year 2009-2010, the company had reported about Rs. 30,119.77 crore as its total revenue. For the current fiscal, the company has reported a boom of approximately 26 percent. With its Gurgaon plant, the company boasts of an annual capacity of 8.5 lakh units however 3.5 lakh units is what the Manesar plant promises. So now, the company is setting up two more new plants with an investment of Rs 3,655 crores. Both these plants would have a capacity of 2.6 lakh units apiece. This should reduce the wait of the Swift Dzire and also the Maruti Swift car.

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