LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Maruti Suzuki''s sales to grow 5% in Jan-Mar 2019: Chairman

Automobile major Maruti Suzuki is likely to log a 5  per cent growth in wholesale sales during the upcoming January-March quarter, said the company`s Chairman R.C. Bhargava on Wednesday.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Maruti Suzuki''s sales to grow 5% in Jan-Mar 2019: Chairman
Maruti Suzuki is likely to log a 5 per cent growth in wholesale sales during the upcoming January-March quarter. Image source: Reuters
Written By: IANS
Updated: Wed, Dec 19, 2018
10:35 pm
ZeeBiz WebDesk
RELATED NEWS
Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector  Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector
Hero MotoCorp, Ashok Leyland, Tata Motors, Escorts, Maruti Suzuki share prices II Heading South or North? Hero MotoCorp, Ashok Leyland, Tata Motors, Escorts, Maruti Suzuki share prices II Heading South or North?
Maruti Suzuki True Value sells 4 million pre-owned cars since 2001 Maruti Suzuki True Value sells 4 million pre-owned cars since 2001
Budget 2021 Stock Picks: Ashok Leyland, Tata Motors to Maruti Suzuki - experts recommend these shares to buy on scrappage policy announcement Budget 2021 Stock Picks: Ashok Leyland, Tata Motors to Maruti Suzuki - experts recommend these shares to buy on scrappage policy announcement
Hero MotoCorp, Maruti Suzuki, Mahindra to Tata Motors II Auto Sector to remain in focus this Budget Hero MotoCorp, Maruti Suzuki, Mahindra to Tata Motors II Auto Sector to remain in focus this Budget

Automobile major Maruti Suzuki is likely to log a 5 per cent growth in wholesale sales during the upcoming January-March quarter, said the company`s Chairman R.C. Bhargava on Wednesday.

Bhargava, in a media interaction here said that the first quarter of the calendar year 2019 would reverse the recent subdued trend.

"The wholesale figures in the first quarter next year will rise again, not to double digits, but to around 5 per cent. It will reverse the trend which you had in the last five-six months of low growth," he said.

He noted that likely offloading of stocks in December due to offers and incentives, would result in firm wholesale demand in the March ending quarter. "Good response" for the Ertiga also would pump sales, Bhargava told reporters.

The Maruti head further said that the company would launch a new car during the first quarter of 2019, although he did not reveal any further details on it.

Bhargava also spelled out the company`s plans to stop manufacturing Bharat Stage (BS)-IV compliant cars by the end of 2019. "Broadly, the production of BS-VI will largely come to a stop by December 2019," he said.

"We may still give you some BS-IV vehicles after December 2019 if there is a customer demand for those vehicles... and if we are sure that we can actually register the vehicle before March 31."

The company`s decision is in line with the Supreme Court`s order stating that no BS-IV vehicle should be sold in the country from April 1, 2020 as the BS-VI emission norms would come into force.

Bhargava also observed that the sale of BS-VI compliant diesel vehicles may take a hit as their prices would be significantly higher than BS-VI petrol models.

"In BS-VI, diesel car price will go up substantially and we will have to consider the customer preference to a diesel car at the new price of a BS-VI diesel car, which will be roughly Rs 2.5 lakh more than a petrol car of BS-VI," he said.

The Indian auto industry will fully migrate to manufacturing only BS-VI compliant vehicles on a pan India basis from April 1, 2020.

Earlier, the government had decided to "leapfrog directly from BS-IV to BS-VI grade by April 1, 2020, skipping BS-V altogether.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Maruti Suzuki
RELATED NEWS
Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector  Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector
Hero MotoCorp, Ashok Leyland, Tata Motors, Escorts, Maruti Suzuki share prices II Heading South or North? Hero MotoCorp, Ashok Leyland, Tata Motors, Escorts, Maruti Suzuki share prices II Heading South or North?
Maruti Suzuki True Value sells 4 million pre-owned cars since 2001 Maruti Suzuki True Value sells 4 million pre-owned cars since 2001
Budget 2021 Stock Picks: Ashok Leyland, Tata Motors to Maruti Suzuki - experts recommend these shares to buy on scrappage policy announcement Budget 2021 Stock Picks: Ashok Leyland, Tata Motors to Maruti Suzuki - experts recommend these shares to buy on scrappage policy announcement
Hero MotoCorp, Maruti Suzuki, Mahindra to Tata Motors II Auto Sector to remain in focus this Budget Hero MotoCorp, Maruti Suzuki, Mahindra to Tata Motors II Auto Sector to remain in focus this Budget

LATEST NEWS

Special Picks with Anil Singhvi: Market experts recommend Graphite India and Symphony shares for massive returns

Covid 19 2nd phase vaccination drive from March 1; EXPLAINED! Who are eligible, required photo identity, advance self-registration, CO-Win 2.0 portal—All you need to Know

SSC Delhi Police SI Paper 1 2021 result to be announced today on ssc.nic.in —Here is how you can check it

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

Realme 8 Series with huge 108MP camera coming soon in India - Here's all you need to know!

Salman Khan, Katrina Kaif, Emraan Hashmi attend puja before ''Tiger 3'' goes on floors

Rain lashes J&K, to continue for 24 hrs

Britannia Industries share price: Sharekhan recommends Buy with an unchanged price target of Rs 4200

SAIL share price: Anand Rathi initiates coverage with BUY recommendation and a target price of Rs 94 per share

Indian Pro Music League Grand Opening: Salman Khan's 'mega selfie' on world's biggest music league with Riteish Deshmukh, Genelia D'Souza, Shraddha Kapoor, others now viral on social media

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved