Maruti Suzuki, India’s largest carmaker, is hoping a positive growth and aims to achieve the target of 4-5 per cent for the current fiscal year amid boost in its sales during the festive season.

“In terms of retail sales in the April to October period, we have a growth of almost 4 per cent cumulatively. In October we had a growth of 22.4 per cent…at the beginning of the year, it was projected that this year the growth will be around 4 per cent to 5 per cent. I think it will be in line with that,” Maruti Suzuki India Ltd senior executive officer, Partho Banerjee, told PTI on asking about the outlook for the rest of the fiscal.

After achieving strong retail sales in the month of October, a senior Maruti Suzuki official said that the company has effectively reduced the inventory levels across its sales network.

To sustain the sales momentum after a record-breaking October, the company is relying on the “several lakh marriages” planned for November.

“We are made to understand that some ‘few lakhs’ marriages are being planned across the country (in November). So we are pretty hopeful that it will also give us good traction in terms of our retail sales,” Banerjee said.

Maruti Suzuki is optimistic that the marriages scheduled in November will carry the momentum, he added.

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