June 24, 2011

Maruti lowers sales growth forecast

Maruti Suzuki India Ltd (MSIL), the country’s largest car maker, has had its sales growth target for the current year lowered from the earlier projection of 13 per cent to eight per cent. That would bring sales to 1.18 million vehicles in 2011-12.

Rising interest rates and high fuel prices have been taking a toll on automobile companies over the past two months.

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