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Maruti Suzuki looks to grow based on exports

By Motortrend India Staff   |   23 August,2009

Maruti Suzuki India Ltd, the country’s largest car maker plans to boost its 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 also added that the growth in the exports of small cars were due to the fuel prices rise and stricter emission norms abroad. But 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 Corporation’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.

The company plans to export 120,000 units this year. 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. More than 1,00,000 A-star’s have already been exported since its inception.

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