Maruti Suzuki looks to grow based on exports

Maruti Suzuki looks to grow based on exports
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First Published: Sun, Aug 23 2009. 10 55 PM IST
Updated: Sun, Aug 23 2009. 10 55 PM IST
New Delhi: Maruti Suzuki India Ltd, the country’s largest car maker, plans to increase its thrust on exports in the next few years.
“Exports have to be a major part of our plan going forward,” said R.C. Bhargava, chairman, Maruti Suzuki India, on the sidelines of the signing ceremony of the company’s research and development (R&D) centre in Rohtak, Haryana.
Bhargava cited growth in exports of small cars as fuel prices rise and emission norms become stricter. He declined to specify the number of cars the company hoped to export in the years to come.
Maruti’s R&D centre, spread over 700 acres, will be the hub for all of Suzuki Motor Co.’s small car research. Maruti plans to launch its first made in India car by 2012. Cars developed for India would also be exported overseas, according to Bhargava. In the last fiscal, Maruti registered its highest export numbers in its 25-year history. The company exported 70,023 units, a growth of 32.1% compared with the year earlier.
This year, the company plans to export 120,000 units. The higher numbers are mainly as a result of the A-Star, which the company launched in November and began exporting to Europe from January.
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First Published: Sun, Aug 23 2009. 10 55 PM IST
More Topics: Maruti Suzuki | Auto | Cars | Motors | Exports |