..Sees 5% Sales Growth

The Rs 7,956 crore company, which holds over 82 per cent marketshare in the car market, is expected to sell about 3.52 lakh vehicles in 1997-98, and register a five per cent increase in sales, according to A R Halasiyam, director (finance), MUL. Last year, we made a net profit of about Rs 810 crore. This year, it is likely to be better, Halasiyam said.

Halasiyam refused to project the expected net profit. We should be a Rs 8,800 crore company this year by selling about 3.52 lakh cars.