Maruti Udyog to launch two new models this fiscal

Maruti Udyog Ltd is expected to launch two new models later this fiscal.

Mayank Pareek, Chief General Manager (Marketing) of Maruti Udyog said, `We expect sales to be up by 18 percent in the April to September period.`

The company sold 5,27,038 units in the domestic market last fiscal at a growth rate of 8.1%. Including exports, the growth in 2005-06 was 4.8% at 5,61,822 units.

Suzuki Chief Osamu Suzuki, recently on a visit to India, had said that the company expects total sales (including exports) would grow by 12% this fiscal at 6,30,000 units. Maruti is expected to launch two new models later this fiscal. This includes an all-new model of its compact car, Zen as well as a 1.3-litre diesel variant of its premium hatchback, Swift.

Pareek also said that Maruti`s exports were likely to remain flat this fiscal, following Suzuki`s decision to serve the European market through its facility in Hungary instead of the Alto from India.