In an interview with CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki shared his views and outlook on how FY19 is expected to shape up.
In an interview with CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki shared his views and outlook on how FY19 is expected to shape up.
Gujarat next year will certainly have the first line running completely at full capacity and the second line will come on stream probably in the beginning of the year. Whether that will give us something over 200,000 cars which is what we will need to get 13 percent growth next year is something which we have to look at yet but certainly a double-digit growth should be possible next year without difficulty, he said.
On order backlog he said, the production is also going up, I am not too pessimistic about the whole situation. The back orders have been reducing even this year.
I think this will continue next year but the total back order should not increase, he added.
We have not yet decided on the royalty rate with Suzuki. There will be a reduction in royalty rates based on a certain volume of sales for each model, said Bhargava.
For full interview, watch accompanying video…
