Saturday, 23 March 2013

Maruti Suzuki plans to launch new SUV's in India

Maruti Suzuki which till now had an image of being a small car maker, plans to grow its market presence in Utility Vehicle space too and the company has become even more confident after the success of Ertiga in India. The Japanese car maker sold 70,000 units of Ertiga in India since its launch in April 2012.

The JV, "Maruti Suzuki" which is 56 percent owned by the Japanese subsidiary "Suzuki Motor Corporation" still has a 50 percent market share when domestic sales are considered.  Nakanishi, who has been with the company since its inception in 1982, said in his last interaction with the media that the success of Maruti lies in strong commitment to the Indian market along with its long-term focus on small cars. "India is a promising market.

The company plans to launch XA-Alpha, SUV which was first displayed at 2012 Auto Expo and has already started working on the same. As per Society of Indian Automobile Manufacturers data, car sales in the country declined 4.64% to 17.14 lakh units in the April-February period while sales of utility vehicles grew 55% to 4.99 lakh units from 3.23 lakh units of the last fiscal.


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