The country`s largest carmaker, Maruti Suzuki India, said it expects to double its exports to about 1.6 lakh units this fiscal, while it is aiming over 20% growth in its overall sales, reports agency source.
``Last fiscal we exported 80,000 units. We are expecting 100% growth in export this fiscal,`` Maruti Suzuki (Q,N,C,F)* India (MSI) Executive Officer Marketing and Sales Mayank Pareekh told reporters on the sidelines of an AIMA event here.
The company`s overseas sales growth was driven mainly by the export of its flagship model A-Star, which clocked sales of over one lakh units till December 2010, within 11 months of launch. MSI aims to cross the two lakh units of exports by 2010-11.
Shares of the company declined Rs 4.70, or 0.34%, to trade at Rs 1,365.25.at the BSE (14.56. a.m., Monday ).
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