honda accordHe added, "The industry never expected the auto sector to grow at 30 per cent this year and 23-24 per cent last year. So therefore it is very difficult to quote any number at the moment for the coming financial year".
On being asked about the exports, he said, "The withdrawal of scrap subsidies in Europe has caused a dip in exports currently, so we are concentrating on newer markets and consolidating our presence in the existing ones to drive exports. The company expect to close FY11 with a 1.50 lakh units in comparison to 1.47 lakh units in the previous financial year".
He said, if the civilian unrest in Egypt continues for long, it might affect the company's exports. For Maruti, exports to Egypt account for 3 per cent among global exports i.e about 3,500-4,000 units per annum.
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