New Delhi: The new chief of Maruti Suzuki India Ltd (MSIL) on Friday claimed that the auto maker would outgrow its parent Suzuki Motor Corp. (SMC) of Japan in two years.
“Other than Suzuki chairman Oasmu Suzuki, nobody had the confidence of India’s story... Maruti will overtake (the) Japanese parent in terms of production in two years when it produces one million cars,” the newly-appointed managing director (MD) of MSIL, Shinzo Nakanishi, said.
Nakanishi said MSIL would be producing one million cars by 2010, but SMC would have about 850,000 units.
“The Japanese market is a saturated one. SMC has a production capacity of about 600,000 small cars, 100,000 big cars and another 150,000 cars for supplies to other companies such as Nissan and Mazda,” he added.
Asked if MSIL would be the single biggest contributor to SMC’s global sales in due course of time, he said: “As the MD of MSIL, I would like to be the No. 1, but other markets such as Indonesia, Europe and Latin America will also be contributing in a big way.”
“But we want MSIL to be a growth leader for SMC,” Nakanishi said, adding that sales and service network expansion was under way to achieve the one million target.
MSIL had outsold its parent in the April-September period by clocking 336,758 passenger vehicles in the domestic market against SMC’s 315,000 units in Japan during the same period.
On whether SMC can recreate the India story elsewhere, Nakanishi said: “If there is a country with similar population, perhaps.” When pointed towards China, he said: “That’s a different market with too many players.”