MUMBAI (Commodity Online): Hinting at the revival in the domestic auto demand, the country's largest carmaker Maruti Suzuki India Ltd (BOM: 532500) expects its sales to grow by about 20 per cent during the current financial year.

The optimism about the thumping rise in the car sales was mainly on the grounds of upcoming festive season and increased finance availability in the market.

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The company stocks traded with gains on the Bombay Stock Exchange (BSE) today. The stock price was up by 0.5% at Rs.1564.95 in the morning trading session. Meanwhile, the sectoral index, BSE Auto traded at 7340.98 points up by 1.28%.
Company’s domestic sales have grown by about 22 per cent. However, the total sales for the fiscal would depend on the outcome of the fourth quarter.

As per Society of Indian Automobile Manufactureres (SIAM) data, the company had sold 7,22,144 units in the domestic market during 2008-09.

According to company expectations, the total sales, including exports, are expected to rise by 18-20 per cent this fiscal over last fiscal's 7,92,166 units. The company has registered about 27% jump in total sales during the first eight months of FY'10.

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