India's leading carmaker Maruti Suzuki India expects to manufacture 1.2 million vehicles in the current fiscal, a top company official said.
"We are looking at producing 1.2 million vehicles in FY11, as compared to 1 million vehicles produced in FY10," Maruti Suzuki Managing Executive I V Rao told reporters at a conference today.
"Following the productivity improvement, we are now manufacturing 1 lakh vehicles per month for the last five months," Rao said.
The company's manufacturing capacity will increase further when its second unit at Manesar commences production next fiscal, he said.
Meanwhile, Maruti Suzuki is going ahead with setting up a test track in Haryana at an estimated cost of Rs 1,000 crore.
"We are setting up a full-fledged test track at Rohtak, in Haryana, for which we have bought land. We are working on various facilities and infrastructure and the track will be ready in three years' time," Rao said.
Maruti sold 585,523 cars -- including its best-selling Alto model -- in the domestic market during the April-December, 2010, period, compared to 459,507 cars in the same period last year.
