Oil plunge spurs Maruti Suzuki to predict revival

Mumbai

AS crude oil tumbles and financing costs decline, India's biggest carmaker says a slump that roiled the industry for two years may be over.

Maruti Suzuki India Ltd will take advantage of the rebound to increase its share versus 18 other manufacturers in Asia's No 3 market for cars, Randhir S Kalsi, chief operating officer for sales and marketing, said in an interview. The New Delhi-based company plans to add at least two to three new models this year, he revealed.