Maruti Suzuki aims to retail 3 million cars annually
Published On Aug 12, 2014 07:57 PM By Sourabh
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Planning the road map for the next 30 years, India’s largest passenger car seller, Maruti Suzuki India (MSI) is now planning to expand its retail business by selling more than 20 lakhs car a year for the next 5 years followed by thirty lakh cars annually for the next 25 years. Currently from July 2013 to July 2014, the automaker retailed 11.48 lakh, thats on an average 95 thousand units a month, though the company sometimes witnessed sale as low as 72 thousand and high as 1 lakh units per month.
Maruti Suzuki is also enhancing the development of fuel efficient cars along with the development of eco friendly cars that may run on CNG, LPG or bio-diesel. The carmaker is also said to develop a compact 800 cc diesel engine apart from giving special attention to electric and hybrid vehicles.
Mr. RC Bhargava Chairman MSI, addressing shareholders in the annual report FY14 said, "2013-14 was a significant milestone year for us, as in December we completed 30 years of selling cars. It is a good time to review what we have achieved and what we should do in our next 30 years-Maruti 2.0."
The company is also investing on the development of infrastructure for sales, service and spare parts which is required if Maruti looks for selling 3 million cars a year. He further added, "The much higher availability of funds with Maruti would enable your company to strengthen its R&D and develop, and maintain the much larger number of models required to achieve sales of 3 million cars" .
On the importance of R&D, Bhargava said: "If we are thinking of doubling or tripling our volumes, the number of products has to correspondingly go up. These products will have to be refreshed periodically also.
"The bar of technology, performance and features has to also go up considering the competition in the future. We have to build in-house R&D capability and capacity in line with this need."
MSI Managing Director and CEO Kenichi Ayukawa on the mid-term target, said "All our actions need to be assessed in the context of being able to sell two million cars in a globally competitive market and enhanced customer expectations. For instance, while we continue to provide compact cars, we will also enter new segments like SUVs/MUVs with full bandwidth," he said.
Source: PTI
