Maruti Suzuki has undergone a good stimulus with the overall growth of 18-20% in this fiscal. The factors adduced for this are the government’s flexibility and instant finances from the financial institutions. According to the company’s Chief GM, the sales growth should be double-digit in this month too but there will be a slowdown in the Q4 of this FY.
There was a revival of the market in the beginning of 2009 after a turmoil of fall down in 2008 due to government policy, ready finance, new models and customer satisfaction. In the meantime, Maruti is shaping its Eeco MUV to be launched at the Auto Expo which, the company hopes, would sell 40000 units per annum. This Eeco is designed on 1.2lit petrol engine, 5-7 seats and priced Rs3-3.5 lakhs.
Many industry observers see this as a replacement for Versa(no more in production now) which had a tough time in the market ever since its launch in 2001. Maruti had misjudged Versa on the luxury version but the failure taught it to retrieve so as to devise Eeco on MUV and will be a step ahead Omni, said the Chief GM. Plans are agog for the CNG version of this Eeco to reach the taxi sector on lines of Maruti’s own Omni and Tata Ace Magic