Maruti Suzuki Targets to Sell 6 lakh CNG Vehicles in This Financial Year

The company has set a target of selling six lakh units of CNG vehicles in the current financial year. For the first time in the last financial year, the number of vehicles running on CNG was more than five lakh units. Maruti Suzuki had sold more than 4.8 lakh units of this. The company’s share in this segment is about 73 percent. CNG vehicles contributed about 25 percent of Maruti Suzuki’s total sales in the last financial year.

Maruti Suzuki Chairman, RC Bhargava said that the company will wait for a few months to know about the government’s plans regarding Goods and Services Tax (GST) on hybrid vehicles. He said maintaining GST on hybrid vehicles at 43 per cent or reducing it to 12 per cent, as per Road Transport and Highways Minister Nitin Gadkari, would make a big difference. The total manufacturing of Maruti Suzuki has crossed three crore units. The company started manufacturing in the country in December 1983. It has manufacturing plants in Gurugram and Manesar in Haryana and Hansalpur in Gujarat. The company had manufactured 10 lakh units in 1994. After this, one crore units were manufactured in April 2005.

It has manufactured more than 2.68 crore units in its plants in Haryana and more than 32 lakh units in Gujarat. Maruti 800 has played a major role in taking the company to this achievement. More than 29 lakh units have been sold. Its other successful models include Alto 800, Alto K10, Swift, Wagon R, Dzire, Omni, Baleno, Eeco, Brezza and Ertiga. The company’s managing director, Hisashi Takeuchi, had said, “We are committed to ‘Make in India’. Our contribution to the total export of vehicles from India is about 40 percent.” Maruti Suzuki started exports in 1987. In the last financial year, the company has made its highest sales with 17,59,881 units.