Maruti Suzuki, India’s largest car manufacturer is planning to focus on increasing exports in order to offset the low sales in the domestic car market. The carmaker expects to grow by 0-5 percent in the Indian auto market given the current economic slowdown in the auto industry.
The Japanese automaker expects discounts on car prices to sustain growth in the July – September 2013 quarter. The diesel cars are witnessing a fall in demand since the deregulation of the diesel fuel in India which has resulted in monthly price hikes on the diesel fuel.
According to a Maruti executive, the car manufacturer is looking at ramping up new product exports to existing global markets. Current export volumes account for 8 percent of the carmaker’s sales totaling 2,66,434 units.