Suzuki chief has predicted that Indian market will expand to more than 10 million units
Maruti Suzuki India and reached annual production of 50,000 units by 1985 and 500,000 units by 2004. The unit has manufactured a total of 8.79 million units in India since the launch of production since 1983, according to the company. “India is a market where we can expect continuing growth and Suzuki will cooperate fully with Maruti to provide high-quality and affordable vehicles,” Osamu Suzuki, the company’s president and chairman, said in a statement. The Indian market is currently about 2 million vehicles a year, but the Suzuki chief has predicted it will expand to more than 10 million units, which would make it comparable with China, the world’s largest auto market. Maruti said last month it will invest about 33 billion in new facilities to expand its annual production capacity to 1.25 million units by spring 2012 from the current 1 million. The company will also increase its single storage facility for auto parts and finished vehicles to five facilities to accelerate the delivery date of vehicles. It will also enhance its marketing base, including showrooms. Suzuki is expected to cut costs by sharing auto parts with Volkswagen, with which it recently inked a capital tieup agreement
autoten.com has been inform from the forcasting agency that now indian market is currently about 2 million unit/year,the data will increase to 3 million unit/year by 2015
Related posts:
- Suzuki eyeing 1 million cars sales in India in 2010 and plans to launch 660 cc car in Indian market
- HONDA plans to produce 3.59 million units in the world next financial year to start in April,
- 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 Achieves Record Sales in India Last Year
- Maruti Suzuki report sales in November 2009
- Maruti Suzuki Plans to launch APV to replace Maruti Versa in 2010
- General Motors sold 1.5 million vehicles in China in 2009
- Toyota Kirloskar’s motor india want to capture 10% share of the indian market by 2018 and lauach new small car in 2010
