Maruti reports growth in May sales

Maruti Suzuki India registered good sales growth in May as compared to the same period of last year. It also surpassed the number of last month of this year. The company posted 8-10 per cent increased growth in the domestic market backed by strong rural demand and buoyant exports.  According to Maruti Suzuki executive officer (marketing and sales) Mayank Pareek. the company sold 69,001 cars and this year it is looking to clock close to 76,000 cars. This would be the fifth consecutive month when Maruti clock’s over 70,000 units in sales. On the exports front, it registered a jump of more than 50% this May, driven by improved European demand. The company’s newly-launched premium compact car Ritz is also doing well in the market and has started adding good numbers to its sales, although the company refused to give out the number of bookings since its launch on May 15. Maruti ended fiscal 09 with 792,167 vehicles, its highest tally in its 25-year old history in India and up 3.5% over the previous year.