India Development News & Foreign Investment Opportunities

Suzuki to maintain market lead

0

Suzuki to maintain market lead

#Suzuki Motor Corporation (SMC) is set to maintain its lead in the Indian automobile market which is expected to grow into the world’s third largest by 2020.

“India is expected to grow into the third-biggest car market in the world by 2020 and we are determined to play a big part in that growth,” said Kinji Saito, SMC’s Executive General Manager and Managing Officer for Global Automotive Operations.

Speaking at the #Geneva International Motor Show, held 9-19 March 2017, he announced Suzuki’s plans to introduce more new products in India.

Suzuki has launched a third-generation Swift at the Geneva show. It will be put on the Indian market next year.

Suzuki is accelerating new product introductions to maintain is lead in the Indian market.

Suzuki has 50 per cent of the passenger vehicle market in India. Suzuki models have been in India since the early 1980s as #Maruti Suzuki India Ltd.

Last month, operations started at Suzuki’s new plant at Hansalpur in Gujarat as part of its plans to produce two million units by 2020. It is designed to produce 750,000 units a year.

Suzuki has two plants at Gurugram, earlier known as Gurgaon, and Manesar, with two production capacity of 1.5 million units annually. fii-news.com

Leave A Reply

Your email address will not be published.