Suzuki expects India to be third highest car market by 2020

Suzuki expects India to be third highest car market by 2020

The Japanese car company, Suzuki Motor Corporation expects that Indian to be grown as the third biggest car market in the world by end of this decade. This statement was announced by Kinji Saito, Executive General Manager of Suzuki at the Geneva Motor Show.

Related: Next-generation Maruti Swift launches in early 2018

Coming to the subject, its associated company Maruti Suzuki reports around 50% of the passenger vehicle market in India. Moreover, it has already started operations at the Gujarat plant, which is the new manufacturing plant in India. As part of the plan, the manufacturing unit is to increase the total production to 2 million units by end of this decade.

According to him, Suzuki has been named as the market leader for few decades and reported nearly 50% market share. Currently, the company plans to launch the new feature-rich oriented products in the country as it has increased its production capacity with the new manufacturing facilities.

Related: Maruti Ignis mini crossover sales crossed 10,000 units

A few of operations have been already started at the Gujarat to meet the production capacity of two million units in India. The new plant has been opened with the 7.5lakh unit’s production capacity in a year. Both Manesar and Gurgaon have a total production capacity of 1.5 million units per year.

The list of products including next generation Swift, upgraded S-Cross, next-generation Swift Dzire, will be launched in the next year. In this fiscal from April 2016 to February 2017, Maruti Suzuki has sold around a total of 13 lakh units.

Related: Maruti Suzuki reports 11.7% growth in domestic sales in February 2017

In the global market, Suzuki Motor Corporation reported 2.9 million units in the last year.

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