Suzuki eyeing 1 million cars sales in India in 2010 and plans to launch 660 cc car in Indian market
Maruti eyeing 1 million cars sales in 2010
Maruti is all set to cash on the recovering economy and expects to sell 1 million cars in next fiscal year. But as the government would probably roll back the stimulus package and the raw materials prices refuse to come down, the expectations seem tough to realize.
Sales in 2009-10 are expected to jump 26 per cent from 792,166 units in the previous year, with exports set to double to 145,000 units, he said. Maruti, in which Japan’s Suzuki Motor Corp has 54.2 per cent stake, has already sold nearly 731,000 vehicles in the first three quarters of this year.
Chairman RC Bhargava, when asked about the possible rollback of stimulus package told Reuters, “All these are concerns and it is not possible to make a firm accurate forecast of what will happen in the next 15 months.”
Bhargava said exports were likely to be maintained in 2010-11, with sales to new markets such as Africa, Australia and New Zealand.
Maruti’s A-Star has already been a huge hit in Europe and the trend is expected to follow in South East Asia where the company has just begun to export Maruti Ritz.
Suzuki plans to launch 660 cc car in Indian market
Suzuki plans to launch 660 cc car in Indian market
Maruti Suzuki’s Managing Director Shinzo Nakanishi has revealed the small car details. He spelled out that the company’s plans to reveal a new 660cc small car.
He said, “The Suzuki 660 cc car is a good car for the Indian market, but it will take some years to launch it here”.
Suzuki has been produced 660 cc engine for small car since 1990.stories take on in 1990 when the new regulation for Japan’s Kei-car kick off. Kei-car must be not exceed maximum of 3340L,1475w and engine must below 660cc. until now Suzuki famous for deveoping an efficient,realiable small petrol engine.their’s K6A 660 cc the among the best.
Maruti Suzuki has recently opened an engine plant for the KB-series engine, which powers the A-Star and Upcoming Ritz.
“We have to recover this investment first. Once that happens, we’ll focus on the 660 cc car,” said Nakanishi.
“Thirdly, the 660 cc engine needs to be upgraded to meet Bharat 4 norms, which push up the cost of the car,” said Nakanishi.
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- Maruti Suzuki Plans to launch APV to replace Maruti Versa in 2010
- New car launch in Indian market in 2010
- Maruti Suzuki to launch new small car Eeco at Auto Expo 2010
- Maruti Suzuki to launch new small car at Rs 2.75-3.25 lakh(we expect to be Suzuki Cervo)
- Suzuki will not develop car to rival tata nano,will soon offer hybrids, diesels and electric cars in emerging markets with its new partner, Volkswagen
- 2010 will be the toughest year for Maruti Suzuki but no Nano plan.
- Hyundai India plans to launch the Santa Fe next year. The company is also planning to launch an 800cc small car in the country by 2011.
- HONDA plans to produce 3.59 million units in the world next financial year to start in April,
- Hyundai Achieves Record Sales in India Last Year
